Thread regarding Chevron Corp. layoffs

If you are a 2 or 2- say good bye xx

Thanks for posting. At least the guessing game on cuts is over

OP any news on Horizons/ new grad percentage? Are we getting rid of young folks

Question to @osi—— You said you at the meeting you heard of pre and post numbers with a percentage. But, for example, if the job was in MCBU and it was moved into another organization (not eliminated), it did not count toward the overall reduction. That to me does not make sense. If the objective is to reduce numbers across the enterprise, how does this square when you take a job and move it elsewhere? Doesn’t that actually “ADD” headcount to the other BU? Inquiring minds would like to know.

Are these percentages including contractors?

Odds are probably 50-50 for anyone in a TPS planning role.

JQK The meeting I was in did not discuss the individual calculations. The comments were pre and post numbers with a percentage. Look at prior events. If the job was in MCBU and was moved into another organization (not eliminated), it did not count toward the overall reduction. Take for instance, MCBU has 11 jobs and they have a reduction rate of 50% with 3 of those jobs going to TPS. The 50% calculation would be based on MCBU having 8 employees with the final number set at 4.

Do you know if the functions that are supposed move out of the BUs under the new service company are being calculated as part of their current BU or TPS?

The MCBU number is an attempt to shelter it from the storm so when things ramp back up again, Chevron will have the ability to hit the ground running. I am in Midland and was told a similar number minus contractors. If you add in the contractors, we look like 26%. The other group I heard that will be crushed is HES by as much as 50%. I know these guys have been bashed a lot but it does look like HES will take the brunt of the cuts on a percentage basis. My manager told me that HES will end up reporting through Operations with several of their responsibilities moved to current Ops and D&C Personnel. I do not know anything about TPS.

I do know that SJV will have significant wind-down of personnel between now and fall next year. From low level conversations, I want to say it was discussed that SJV may be turned into a NOJV with another local company. Nothing concrete or formal until an agreement is reached.

ITC is also in TPS as of now before the big changes. Please look at your org chart

What about ITC?

ETC is in TPS (Technical projects and services)

What about ETC and other service functions?

Chevron is down to only 5 rigs in the entirety of the Permian Basin. I am a bit surprised that your MCBU number is 15%. I would have figured it to be closer to 25%.

Any guesses on what areas will get hit hardest in TPS?

You numbers are correct but Mike set a target not an absolute. These numbers are goals. We have to look at what comes out as a recommendation from the BUs. Granted they have to move fast. We also have to content with the potential for an acquisition at the beginning of next year and start personnel calculations all over again. We all need to understand that this is the new normal. Do your work and try your best to network with senior leaders. Selected personnel are the ones with positive relationships with the senior leaders. Everyone wants to work with people they get along with. During normal times, challenging personnel are fun. During hard times, collaborative personnel are the ones that keep their jobs. If you are at home, now is the time to get on a project. Work with your manager for facetime. If you have not spoken to your manager in a week, start to worry.

It is all common sense. Your tired HR rep.

I guess they are starting the wind down of SJV then? Or is it removing project facilities and IT waste?

Sounds about right. Thank you for sharing.