Thread regarding Chevron Corp. layoffs

"Your such a loser" writes one poster below. Wow. Just wow.

How does anyone "manipulate" someone else's comments? That's a new level of paranoia for this site.

@cy+1jpy5zebk. Looks like you’re the one manipulating all comments. What a total ZERO. Get a life.

Hamroic W. Is rolling in the green stuff, and with plenty of job securitix too.

@cx+1jpy5zebk you can stop manipulating the comments anytime you want. Your such a loser.

All JB ever had was the uneducated and getting sc—-rude was just a normal every day occurrence.

DJT loves the uneducated. They're being sc--wed in real time and think its a good thing. WOW

Sounds like someone forgot to take their ZAN-AX

I don't sit around worrying about what MW or anyone else much higher up than me gets paid, in any company that I've worked at, for that matter. And yes, many do not deserve high salaries but I don't worry myself about it. Some here seem to and they are all worked up otherwise they wouldn't be posting and harping on it daily. Honestly it's not truly related to layoffs. There's nothing you can do or say that's going to change it.
Get a grip on that TRUTH, lol.

TDS

DOGE tinfoil hat is on. I am going to have to rotate it with my other one though.

Ok….I got it now. IT’S DOGE!!! and not climate change. The puppet masters are very smart when they constantly change the puppet that are dancing around. Wait, aren’t we the puppets?

It thought it was climate change that was going to take us down…..

Here’s the truth! You are not a CEO and if you were you would gladly accept that coin! How is that so hard to understand.

He’s a good b ball coach tho!!!!

Ah yes, is this why everyone was instructed by HR to hand out more EMs?

I was with BP in 2009 when the CEO at the time (Tony Hayward) froze everyone's salary increases that year due to cost cutting. That was part of a massive cost cutting effort that got to the point of being so ridiculous that the individual trash cans at everyone's pods at Westlake (Houston office) got taken away and people had to carry their own trash in plastic bags to larger trash bins in the hallways daily. That same year, Tony Hayward increased his CEO salary by 40% (as compared to 2008). You can actually google that tidbit -- there was quite a lot of public outrage over the hypocrisy of that event. Then, in 2010, Macondo happened and the rest is history.....

Moral of the story: a new CEO of any large company will almost always put together a short-term plan (3-5 years) to bring costs down and instantly boost profit to expense ratio. The cost reduction is never based on any meaningful reduction in inefficiency (such as eliminating bureaucracy or reducing contractor costs) and almost always just a reduction in headcount and elimination of employee perks. Once that happens, the CEO gives himself a salary increase to pat himself on the back for doing a great job. What's also notable is that there is almost never any kind of a medium-term or long-term plan for company growth and increased profitability. Once the short-term profit squeeze efforts have run their course, the CEO retires and leaves the residual sh*t show for the next guy to deal with. What does the next guy do? It's a "rinse and repeat effort" that's starts the next layoff cycle..........These cycles continue until they get to a point of diminishing returns where no more meaningful short-term profits can be squeezed out. What happens next? Usually, some sort of an M&A effort -- where the company either buys a high-performing smaller "fish" to dilute its own mediocre assets with better ones OR the company itself gets swallowed by a larger beast. Sounds familiar? :)

You are d-mb if you voted for him.

Praise Kier!

The system is rigged for the top 1%, especially with DJT and Elon in charge. Large layoffs by the federal government and the private sector will continue to erode salaries since more people are competing for fewer jobs. People will work for less money and more hours to survive since all federal benefits are being trashed by DOGE. The average person is sc--wed.

Bro it makes complete sense. Mike Wirth works 200 times harder than the median employee. I know he was the head coach during the last rebuild but trust the process, it's a meritocracy remember!