For purposes of layoffs, what is considered a “high at risk PSG?” I’m late-mid career and was part of a merger where I accepted a lower position and subsequently assigned a PSG that fit that lower position, not necessarily my experience in the industry. Just curious at what PSG levels / pay amounts would be targeted for cost savings.
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OP, you are considered to be an experience hire. You are one of the main targets. I've been through several of this transitions, transformations, layoffs, reorgs or whatever nifty name the ELT dreams up. This will be my last rodeo. I'm ready for retirement. I wish everyone else all the luck.
Noone safe this time. 24+ in danger due to consolidation and less need for mgrs. 18-20 in danger due to ENGINE. 21-23 in danger because less overall positions for too many people.
@ca Both can be true. There is huge bloat, but leadership is too uninformed to identify where that is and are being led by whatever McKinsey says, or they are unwilling to cut where the bloat is because much of it is “leadership”
I am getting all sorts of conflicting messages on this board. There are evidently hundreds if not thousands and thousands of personnel in different roles, levels of service, etc. who do little or nothing that need to be cut and many employees make that crystal clear. And from the other point of view, the higher ups orchestrating these cuts have no idea how destructive cutting all this personnel in all these functions will be and it will be literally the end of the company. You can't have it both ways guys. Make up your minds.
OP, I'm in a similar situation and although I was bummed about being brought on at a lower psg, I think it likely was a blessing in disguise. There's been speculation that the psgs at 25+ are being targeted due to the RTO 4+ days/week notice they were given. Forced attrition due to lack of desire to RTO and even badge tracking to see who complies or who doesn't. That being said, everyone in the company is on edge due to the looming possibility of layoffs. So I believe every level will be affected to some extent. Try to financially prepare for the worst while hoping for the best.
Simple math. The higher the PSG, the more you should worry
If this was a genuine reorg, the ABU would wipe hundreds of supervisors and above. What is staggering is the unwillingness to remove those who have installed the non entities.
There are WAY TOO MANY mid-level management positions. It's just astonishing how many who just spend time in meetings or move around or sometime you see them 1-2 days in their closed office.
I've been through four of these reorgs. There is no safe PSG for poor performance or some unfortunate political event.
25 and above can have a target on their backs regardless of performance if they are not hot shot managers.
"experienced hires" tend to get the short end of the stick as compared to people that have been with Chevron since college graduation. At least in the technical functions.
In the past it’s typically been “fair” game across the board regarding PSGs , there’s chatter that there is too many mid level management positions….Wirth made a comment on portfolio adjustments so i expect some asset sales which will displace a lot of folks , likely why there’s gonna be a very light PDC this year ….just speculation on my end.