IT, Finance and Commercial are expected to layoff ~300 people in 2 waves starting with IT in early Q3 2025. A majority of operational support for IT will be moved to outsourced providers. Major IT restructuring will be done using the “spans and layers” concept suggested by BCG to reduce management layers.
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@1jbq 2 weeks. That's if they offer it.
Someone mayve already said, but how many weeks of severance were paid for each year worked? Trying to run the numbers if my job gets axed. LOL
This thread is still going strong... a year later.. .wow
@1fct Idk either. Between change management, business transformation, transition management… There’s a lot of stuff out there that looks like they’re still looking at shakeups.. At this point it’s just a game of wait and see. Can’t get anything out of anybody. They hint at more changes coming then keep everybody in the dark for months on end until it snowballs and people hit the road.
Can someone explain Change Management and Business Transformation? I’m sure they’re completely different things but I’m not exactly sure what they are. Do they involve cutting jobs?
@1f8m the low performers or “lagging”
@1f75 what does bottom 10% mean?
End of May or June will be more annoucement of layoffs. They aren't done cutting. The bottom 10% plus retirees will be next.
Which part of the business will be impacted?
Another round of layoffs by the end of May.
@OP he’s choosing Texas I can tell…
@19bx Yes, discussions are ongoing with former and certain current HR employees in coordination with opposing counsel.
700 replies and 200k views, what an epic thread hahaha
What’s the latest on the HR internal investigation?
The company took an incredible turn in 2015 when they hired the most inept HR people period. B as a lead on investigations was a sham an tons of hairbrained outcomes.
@16re they will probably layoff the redundancies and expect staff to travel between sites like they do with IT.
Well, just saw that Port Arthur and Orange plants are merging. Wonder how this will impact those folks. Any thoughts?
@15c8…that’s awesome! They should start with L.M., she’s the worst.
Rumor has it from a reliable source that the HR “Mean Girls” bullying culture may soon be facing accountability. Former HR employees are being contacted and are prepared to provide statements. Karma has a way of catching up.
Are there any silent layoff that was never announced?
@zp6
Not the end of the cuts. If you listen to what was said previously, that was all for the business transformation layoffs. That means the outsourced layoffs the next cuts are just cuts with no outsourcing. Got to read between the lines.
Leadership is a joke
@zp6 do you really think they can cut 600mm without head counts? Don’t be naive
I guess that is the end of the layoff.
@vv4 around Bonus time.
@vrg for what?
Will we see any announcements on 5th Jan?
@ta4 they had no choice but to hide in the bushes. With the new open concept, there’s no place for privacy inside the building😂
I discovered an "artifact of corporate extracurricular activities" in the bushes, next to the lakeside facing parking lot....... and I just wonder, do they not you people enough to get a room or do you have no shame?
@OP I'm not financially literate so I found this out the hard way: It takes literally months for Fidelity to do a full transfer of your pension funds into an outside interest-bearing account. You can roll over your 401k pretty quickly but not the pension funds. Fidelity very much wants to hang on to your pension — which is just sitting there not earning anything — and they will try every trick in the book to slow-walk you through the process, hoping you'll give up and agree to take the annuity. If you want to transfer those funds, block off an hour a half or two hours for the call to make that happen and include your financial advisor on the call. I was told Fidelity is notorious for this but I doubt they're the only ones.
@spm is it the ethylene unit or cycle unit?
@s1q yes it is true. Shut down is planned for next year, sadly. No one is safe!
How are the love birds doing?
Today I heard Port Arthur is shutting down a unit and laying off operators. Anyone else hear this?
@rqv come on, you give them too much credit as bloated and worthless as they are with all their "management" layers. GP LT is the absolute worst, especially now! No accountability (or knowledge of job) and too many hybrid days and/or signing in late and signing out early.
@rqs there's more than a few fat paychecks in all of those layers of global procurement that could be eliminated. Most of those folks are about as dependable and useful as gas station toilet paper.
@r9a that's 10 lbs of no sh-t!! Ridiculous!!
I honestly don’t see how/why we haven’t sold off Conroe/ Drilling Specialities. Consistently in the red, commercial team can’t decide whether to max out the plant or shut it down. Even when doing well financially, it makes in a month what 1594 makes in 10 hours.
@qq6 That is a big assertion. Can you prove it?
AI already outperforms humans in strategic forecasting. It can run simulations to find the optimal decision every time. It eliminates fraud, insider trading, and unethical behavior. The biggest incentive is board control.
Companies are quietly moving toward AI-assisted decision-making, AI-driven analytics, automation of executive reporting, and algorithmic management. The largest salaries are at the top, and AI is already operating above their output. In the future, all that will be needed is the board to approve AI generated executive initiatives for oversight. Every step a company takes toward AI, is a step closer to AI running the entire ship. For now, the ground work is being created for what looks to be a future AI takeover.
@r6f I don't know why any company needs CEO and VP when AI can do everything for the company. They are overpaid. The company can save millions of dollars by replacing them all with AI. AI does not need pension or retirement. AI doesn't need medical benefits or time off. AI will work 24-7 and 365 days a year. It will make all the right decisions they couldn't.