Bad managers are always unaffected and they stay the same while employees are the ones who have to adjust or end up being let go. You can move to a different team or get a new manager, but it’s always the employees who feel the impact.
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@b9 I found this to be very true, failing is promoted up within CVX
@fn Incompetence promotes incompetence to protect incompetence. Tenet 11.
i feel in my area that the people who speak up, tell the truth, are direct and work hard are all being flatlined and the shiny su-k ups move up.
@d3+1k2vrfm8n
The next round of layoffs is 2027. Watch the business plan dates that are posted in the SharePoint sites, the plans all run 2025 through 2027
"it's always someone else's fault but mine"
And you all wonder why we need layoffs.........Priceless.
It’s ALWAYS the management that sc--ws up the company, not the employees. CVX management does not understand the phrase “the enemy is us!”
It’s MBA 101 that reorgs fail to achieve their stated goals in the vast majority of cases. It’s a Hail Mary desperation heave by leaders who don’t know what else to do and think rearranging seats will somehow fix everything.
Companies like McKinsey love them because they know in another 4-6 years they’ll have the chance to come back and get paid to help with the next reorg that will definitely for sure work this time.
@OP and has they are downgrading PSG’s and salaries, are they doing that for the Sr leadership roles too?
It is still early in the layoff cycle. Worker bees go first, and then second, and possibly a third time. When the work can no longer be done if more worker bees are laid off, then management gets hit. If the outlook still remains gloomy after all the layoffs, then the asset sales begin. When an asset gets sold, the people go with it. The purchaser may or may not take the employees. If the company still cannot perform in the economic environment, then management will sell the company and receive a golden parachute to retirement. The stockholders will get shares in the purchasing company. The employees generally go through another round of layoffs during the acquisition/merger process, but not always. Sometimes it happens a year or two later, or maybe never.
There have been a couple of occasions that I am aware of where a good manager was demoted and eventually retired as an IC even in technical functions (today they wouldn't last nearly as long), simply because he or she spoke the truth that was too inconvenient because it pointed to the millions of $$ being wasted on cr-p being pushed down others throats as the next best thing since sliced bread, a.k.a., the projects deemed too big to fail, the elephant in the room. That's what happens to good managers.
Rarely do bad managers get fired, they’re usually reassigned to another similar position or get demoted where they sometimes end up resigning.
@ak not yet it doesn’t. Nor did transformation
its fixes CVX share price? maybe?