Has anyone noticed this? Every day that I walk into the lobby and elevators, all you can see posters and signage of how BP is “Investing IN America” while they are laying people off. It is demoralizing.
Who thought up this sh-t? It’s literally like MA’s personal message of how he hates us Americans…
"Investing in America'" is to get tax cuts from Trump Admin... while they send jobs aboard at record rates. US is the No. 1 profit center for BP and we should be awarded for it.. but we arent. They are not investing in JOBS. Just the opposite. Yeah, I get as an employee what the Campaign is all about but when I am training an Indian person for my job, its hard to believe the Bullsh-t campaign. It actually feels more like a kn--e and insult to our intelligence. We know they are no investing in American at all
If "investing in america" is an external campaign, there is surely a paradox now where skilled employees are being released and these jobs are moving to India under the guise of cost-savings The India organization will be massive, I am not sure it is clear to us employees how large it will eventually become. Constructing the new GoM/GoA offshore facilities in far east doesnt support the "investing in USA" where there are yards available with skilled US workers. Hopefully the elected Govt will have some influence but OA did say in a townhall that the reality is this is a british company...
If it is true that bp has no real strategy to implement in this latest round of cost-cutting, the market will take its wrath out of them. Your share price will plummet where the advice to not buy anymore. Looney's claims to make the same money from selling green energy vs. petroleum will have been confirmed to be nothing more than a pipe dream. The only way out of this is for the LT and the board to resign to try to regain investor confidence.
Investing in America is an external campaign to help elected officials understand how much bp contributes in terms of jobs, fuel, taxes, contractor spend, donations, etc. It helps us maintain our license to operate. It’s good for employees to understand this too.
In P&O, reinvent was much worse.
(Opinion) Just wait till the market figures out we don't have as much running room in the Permian as touted. Let the fun begin.
I am concerned for the remaining workforce. My prediction is that bp won't get the uptick in their share price after this is done and you can truly expect a second and third wave to follow. The second wave will be later this year (I've seen it happen before), and a third wave will be late the following year. Someone's response that this carnage is happening in order to protect the egos of those who brought this company down this pathway. In an honorable society, the guilty would have done the right thing and fell on their swords. Not today; everyone at that level only speaks "bright future, optimum strategy, new organization," and I can tell spin from the truth. I saw enough of this in my years with bp. It was all marketing. Truly my heart goes to those who are with bp because I know what it feels like. Please look elsewhere.
The current US administration is all about investing in America. BP has significant contracts with the US.
I wonder what Trump would think if he learned about how many US employees have been terminated in the last few years and their high paying jobs moved overseas to India, Budapest, and London!
Agree. At least at reinvent there was a new strategy, some dynamism and hope for the future. Job losses were high but most were voluntary. For this reorg the company is in trouble, the strategy isn't working and thousands of jobs are being sacrificed to save the egos of a few on the LT who are responsible for the mess in the first place. They have no vision apart from cost cuts and job losses and you know in a year when the reorg has caused chaos across the company, with the share price flat-lining, that the only answer they will have is more job losses and more off-shoring!
I was told our outcomes will be announced earlier than expected. Meeting put on my calendar to show up f2f. Then they cancelled the meeting. It's been two weeks since. I got another meeting invite for coming Monday.
Just effing tell us....
Everywhere it feels much worse than reinvent. This time the company is actively fostering the anxiety around it. And I do not think it's an accident - because the direction is clear, this is just a first wave of moving positions to GBS and new capability hubs. If someone survives this round, it only means that they will be laid of in the next.
Here in the UK this reorg feels so much worse than reinvent.
Your reply is directly on target....I have been with this company for 15+ years and have thankfully "survived" endless reorgs. This is truly the first time (reinvent is a very close second) that I have seen colleagues in the workplace so demoralized and with immense daily dread.....oh but the rodeo and bp walk is coming up, that fixes every mood.......yeehaw !!!!
I view these as mere slogans. Laying people off has become a sporting event for the LT and the board. BP's announcement of a cut in the workforce used to generate a buzz in the market and you can see it in an immediate rise in share price. The fact that there was no change in the share price is an indication that the market is hardly impressed.