Got a nice offer from another company. Not great, just nice. I decided early this year that I didn’t want to just sit around here and wait for months for the axe to fall. I started with a job search quite a while ago, and it has been a grueling affair. The job market really is in a bad shape. If you are worried about next year, start preparing now.
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@sar+1, it's all what you negotiated when you started with Chevron. You really should have taken it then as a signing bonus or vacation enhancement rather than some promise for future severance consideration. Otherwise, Chevron is a stickler that you only get severance for your Chevron time.
I was one of those laid off in 2020. The severance offered was beyond the normal pkg due to Covid. We got CIP because we were still on payroll until the end of 2020. For that one poster thinking they will get 14 years credit, that’s not happening. You only get paid for your years of service to Chevron. 4 years=8 weeks pay.
May the odds forever be in your favor. CVX got y’all brainwashed to think it doesn’t get any better than CVX.
1jjm - that’s what I thought before, but had a friend who left in 2020 before then, and he got his CIP.
It depends, however many years of service they gave you credit for would translate to severance. If you’re getting the 4 weeks annual vacation for 10+ yoe now then you’d be getting the 14 year package, if you’re getting the 3 weeks vacation then you’d get the 4 week package
good riddance i guess
You have to be on Chevron payroll as of Feb 28th to get your CIP. It doesn’t matter what your manager puts in workday if your last day is before Feb 28
You may have lost the CIP though.
Workday opens up for supervisors the first week of January, and from their pot of bonus funding to distribute to the team, the supervisor can now set it to $0, and give the rest to the team. Forfeiting all of CIP seems like a lot to lose.
No, Chevron is done with you!
@sar 4 yrs. 8 wks pay assuming it’s the standard package.
So, if were do to what OP did, as mid-career with 10 years pre-CVX experience and about 4 yrs with CVX, how much would I be leaving on the table?
Package for 14 years? Or for 4?
@ylc which chapter? I’m still going to wait until the EOI and making sure I’m on payroll for the CIP. It’s free money.
I know somebody who just resigned and basically leaving all that and the tech companies are no longer offering equity like they used to. The total comp is not really that different and I think the job will be there, even when people are looking, especially if we are in actual technical roles. The competition for the same jobs from Chevron is not going to be that stiff.
@dpv actually your chances of an EOI got worse with one less person to fill any slots they could have filled with him/her to give you an EOI. Those fed up and not waiting to leave during this POS process mean less chance of an EOI for those remaining.
Congrats and thank you so very much. There is a better chance now that those of us who want it will EOI and get a nice fat severance package!
Congrats! i have a final round after holidays and will immediately dip asap if i get it too 🙏🏽 im in IT engineering
Congrats!
Good luck! I think there are quite a few people, especially those with only a few years in CVX that should be looking (simply because the severance isn't much of a draw for them). The company has gone downhill for quite a while.
Passively job searching and had an unexpected amount of interest already! I think "the Market" all depends on your background/degree/experience... might be a little rough for those Petroleum Engineers... but that's the risk you took when you pursued a non-traditional tech degree I guess?
Congratulations
What role were you in?