Thread regarding Chevron Corp. layoffs

@en Its called the knowledge and distance curve. The farther away from the problem the more knowledge someone claims to know about the solution. Just look at MN for an example.

@OP
(Adjacent’s) multiple vs. Corp Factor / Pay Grade Factor / “Whole Quarters on payroll factor” was larger than expected as well re CIP

The multiple was clean (math wise)

Can only assume that “clean” , “larger than expected”, “individual” multiple was a message.

It’s time to let go.

@fx

It was Eric Dale… not Jerry Dale (you’re handle vs anonymous)

What’s your point?

@en

Yes. And the key to “success” these is to hop from “Mount Stupid” to the ground floor of the next “new growth opportunity” before being found out.

Basically, a compounding house of cards.
It’s not sustainable, which means that at some point, it will end.
Be careful.

@c6 dunning Kruger effect

@an
Ratings at Chevron are dependent upon how your boss likes you. I contributed beyond the majority of people on our team but received less than the budgeted amounts there are several friends of the LT in our team.
So if your exceeds expectations is your normal average effort then be thankful your boss is fair. If you stay at Chevron long enough some day you will have a boss like me and you will get lower raises even when you outperform your coworkers.
Friends of the boss will always keep their jobs and get better raises than those who just do their jobs. ;)

The multiple was 1.25 this year.

@a8 my bonus target mid-point is like 15.5% of base pay. Because I got 1 VC and 1EE, my actual bonus was 17% of base pay and then I got the multiplier on top of that. So i guess it's like a 3k difference. This year's average raise was somewhere in the 2.5-3% range. I got a 5% raise. If you're not interested in an extra ~7-10k/yr between raise and bonus, then there's no point but what people consider exceeds expectations for me is actually just my normal operating mode so it's not like I'm exerting too much effort to get the 1 exceeds.

@a6 thanks. I didn’t know what the multiplier was, so that sounds like a big part of the reason.

But if the multiplier had more impact than … actual performance, what’s the point of going above and beyond?

I've already forgotten what the multiple was this year but it was either 1.2 or 1.25 so that's probably why.