Is it just me, or does this entire industry has the same strategy: lay off experienced employees in an attempt to fix issues created by lousy leadership that has no idea what its doing? I know people who work for other O&G companies, and they are complaining about the same things we are. Has this approach ever work for anybody?
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Darren Woods got a 25% pay rise last year. Do that math.
The Oil Industry and US Corporate Culture in general has definitely lost its way. In the past (look it up) US companies thought Shareholders, employees and customers where all priorities. Today only the shareholders and upper management matter so everyone else is sacrificed. We need to go back where employees matter in the US.
@2hqx+17ehFuvG so you are telling me we give raises 9 months into the following year? Why wait so long since it's for last year's performance? You would think we would be able to assess last year performance and make a decision to give raises in 1Q.
You guys are id–ts. Raises going into effect this year are from previous years performance. The new system, everyone is getting a raise in January based on previous years performance (wouldn't be surprised if majority 0~2%)
OM race to bottom; BP 10k layoff then everyone else does. Shell offshore finance and procurement to low cost then BP does the same. It’s the end of it..
https://www.thelayoff.com/t/17a8eZXd funny how you go from mister logical to hurling insults, relax and read up on the 'math' being done
@oaf+17ehFuvG so that means less VPs right? Also does that math factor in why bonuses are still going out while they cut worker 401k benefits? It's not just math, if it was they would cut the fat at the cost sink locations first, similar to what Mobil did in the 90s.
Very well said.
Regardless of industry does not matter (retail, airline, restaurant, oil and gas, start-ups), the Math is the same. Revenue must be greater than costs. When revenue plummets, business must cut costs. Especially costs that will not be needed. With lower rigs and fewer projects, fewer experienced people are needed, so they will be cut. Same with stores, fewer stores means fewer people. Fewer airline flights means fewer high cost pilots. It is about MATH. It is not about you or your experience, you are no longer needed.
Actually, it’s always been like this.
You’ve been a stormtrooper the whole time.
Only now, you’re the one on the business end and you’re wondering “where did all these bad guys come from?”
It's like that in any industry and isn't anything new. It's even often portrayed in movies and TV. Generic lazy management while the front line staff gets let go...The Office is an example with Michael Scott.