Thread regarding Chevron Corp. layoffs

You’re a team lead who is retiring? In your 30’s? I wish I could have retired early

I'm a Team Lead in a west coast refinery. I know nothing, seriously.

I'm retiring in 2025 regardless of package, so I'm just like everyone else, waiting to hear the news, and hoping I will get a golden handshake.

RD business spun off! Wow, so much for "I'd make that decision again" MN... Smh. Good news for the CNE people at least you'll still have a job, wonder how the new company will do.

It's still GOMBU
Gulf of "Merica

Yes Exxon will ki-l the deal, but the next comment is second level arrogance.

@cj+1jjhcqm8p Second tier talent that we paid $53B for…. Seems like they got better talent than us.

Why would Hess even be a consideration? Exxon is going to pants us. Not to mention that’s some second tier talent.

Part of the layoffs is to open seats for Hess

Yes team leads/managers created lists in latter part of 2024 of what positions can be moved. Doesn’t necessarily mean they’ll be moving, but is added to the overall option. It was a difficult list to create.

New high-level org charts and new job titles have been created and are making their rounds. Groups/teams that can be cut or reduced are on those new charts as well. So yes when management says they are still working on it they are lying.

CTC getting hit hard, which it should and hopefully most of the management is on the list. IT Platforms/product lines that do mainly operations are looking at 50-70% to reduction. Many will be moving to ENGiNE or tech centers but most are layed off

Cyber is pretty safe sans lower level analysts, CL is one of the few leaders actually fighting for his people.

Chapter model is pretty much gone with many getting moved to positions that will support the transition. If you aren’t technical and in Chapter, I’d be looking for another job within a year.

We know finance in some areas getting cut deep and HR might be as well. Not sure if any updated numbers are there.

Latest rumblings.

No, they get slotted into lesser positions, and then wait out the clock for a year until they tap the PDC conclave for another move

One perversely interesting thing about this layoff round, if it is going to be brutal (say, over 25%), then low- and some mid-level managers are also going to be caught in the carnage. They may or may not know at this time, as they're being used to construct the massacre below them. Probably lots of CTC managers.

Just looked at the job postings for the first time. Shining level bloodbath incoming.

@bn+1jjhcqm8p RBU doesn’t have enough wells in the queue to support that big fat org. You got no wells after 5 years. Now’s the time to trim and take time to drill wells with good returns. No need to finish those up in 5 years if you can stretch it to 6 or 7

@bc - I have a family to support so probably fishing see how bad I wanted to stay.

@bn there are no such rumors that RBU isn't going to be affected. Yall have 3x too many people while only running 2 rigs.

Rumors say RBU won’t be affected much this year or next, if at all. We’re the cash cow baby!

People are looking for some new information and the specific details are still being developed. I agree with many on this post, there are managers that have signed NDA's and they are involved in the development of the future org.

1. look at the job positions in the Chevron website for the Manila, Argentina and India (Engine). There are specific jobs posted and this will give you insight to the initial scope of the employees targeted from the USA job positions.
2. The goal of Chevron is to reduce employee costs by end of year 2025 for tax and stock market evidence to investment bankers. Investors want to see cost savings because costs go down mean profits go up or are stable as revenue declines.
3. As the employees are let go in 2025, MSP and contractors can be backed filled to perform the work. Contractors and MSP's are expenses not long term employee assets. This is better for the accounting and therefore the investors.
4. the people currently in California have very little chance of getting a position in Houston. In addition, why would you want to give up the foundation of your life only to be let go in the next layoff in 3 to 5 years. The people in California can also be retained as transition employees after the Houston employees are let go. This will allow the California employees to either wait for the layoff with severance or get another job when they can get a position outside Chevron.

Conclusion: There will be 30% to 50% of USA staff laid off in the USA. Some teams will be 90% and some will be 20%. MSP's and contractors can backfill the job positions. The new model is lower cost with a lower level of service to the end users. The old model of premium service at any costs in the BU's is too expensive and is over. The MSP's get a ServiceNow ticket and if they missed the SLA, they decrease the priority to a level that meets the SLA date and time. This is accepted by the management and no one tracks the contracts. Therefore the new cost reduction goal is working.

@ba did you get the feeling your team lead was fishing to see if you'd be interested in the EOI?

I agree that Team Leads know or are creating their own depth charts. Mine asked me a couple of weeks ago about "my plans". They certainly looked disappointed when I kept a poker face and didn't disclose anything significant.

Worth repeating: “Anyone who knows anything signed NDAs. Yes, they know more than they’re letting on. No, they won’t be telling you.”

What I can say is this time is different. They are getting people much lower involved. Rumors are coming out but only so much, only after those who have signed ndas have started to implement small items. Basically after the news gets past ndas it drops to us mortals.

I’m so thankful for the companies benefits (eoi, severance, etc). Anyone who started at a vendor appreciates this. At the same time the length of the layoff information period is cruel punishment. I don’t think it’s intentional, but they should just let us know what the goals are, be ACTUALLY TRANSPARENT!

Personally I cycle between anxiety and excitement. I’m a lucky one though, my value is not knowing company random policies.

The ones in the know could post on here if they are brave. Years ago at exxon someone leaked the news to reuters and it was revealed to the employees early. The plan is known to the higher ups. Someone has to just have the decency to post it. It helped at exxon because those who were going to be laid off started early to get out and found something else. So come on you yellow belied managers lets us know. Years ago I worked at Bayer and they were closing a plant. The connected employees were told early and left. All of the other workers were told months later. By the time the plant closed there were not many jobs available at other plants in the area. Many of the laid off workers had to work in retail for a quarter of the pay. It has always been easier to find a job when you already have one. Good luck to all.

What’s going on with EMC? I’d love to see that dumpster fire wound down, but also don’t see a clear path for that.

At the very least, team leads know the scale and scope of the layoffs. They've also been informed to put together a 'depth chart' (hint: being at the bottom is not good). Higher management is currently negotiating exact number of cuts, after which the team leads will be told to pull out their depth charts. HR and Legal will need about a month to approve specific names. Here's another hint: when you start putting together your 2025 plans and expectations, the less interested your manager is in what you're going to do, the lower you are on the depth chart.

Haven’t you heard it’s GOABU now

Team leads don’t know more than you do at this point, at least not in GOMBU.

Anyone who knows anything signed NDAs. Yes, they know more than they’re letting on. No, they won’t be telling you.