Thread regarding Chevron Corp. layoffs

My wife manages a couple buffet restaurants. They are happy if their annual attrition is under 50%. But it all works out.

Just quit already. Please quit crying.

@1pvn "...the job security is pretty good now, outside market is not that attractive nor the pay is comparable, Why should one leave now?" Ask anyone who was working 2010-2013. "Job security" was great then, prices were high and relatively stable (i.e., hadn't dropped in since 2008, but that's as stable as prices have been in the post-1983 world). Why would people leave? They should see the handwriting on the wall. That the "outside market is not that attractive" at a time of high prices really does tell you something. If the current Washington mindset lasts beyond this November, they know (at least petrotechs) their "job security" won't last beyond the end of the decade. They therefore have two choices: 1) hang on and bank as much of that good pay (good compared to what their future holds) as they can, or 2) find that "Plan B" career and get secure in that as soon as possible.

@3eyj+1:
As they should be. Let’s be honest, CVX middle management and leads are less than impressive.

Apparantly some of the Noble managers are being considered for fairly lofty positions, which is ruffling a lot of Chevron feathers.

Chevron is better since acquiring Noble Energy. Everyone knows that.

What is the metric for high attrition?

I have not seen any leaving my team since it formed in 2020. All I know are folks who are retiring and that might be due to high interest rates. The pay is good, the oil price is high, the work load is more than ever and lot of people were let go during transformation, so the job security is pretty good now, outside market is not that attactive nor the pay is comparable, Why should one leave now?

I actually have been surprised that we have not seen higher attrition. Most of the folks leaving have been long term employees due to interest rates increasing. I only know of a couple employees leaving due to reasons not related to interest rates.

Younger folks are always looking for a better opportunity as they should. Oil and gas is so woke and compliant that they will be “comply” their way out of business as we know it!

In our group the attricion seems fine. Why all the fussing about?

In my 3 decades, I didn't see high attrition in groups/departments I was associated with. ??? Overall, despite whining and a few things justified, still above average company to work for IMO.

I've been here for a couple of decades or so and have seen attrition much worse. I wouldn't call it anything excessive. Consider the circumstances. Most people are happy just to have any decent job with a pension these days. If you jump ship in many cases they start you from scratch. No fun in that for those who've put in their time.

OP, you meant to ask why is retention so high. Chevron does not have any sort of attrition problem. RJM said so so it must be truth.

Some chose to go because of company culture, but after covid a lot of people are leaving g for different t reasons, mostly to work from the location they prefere. Also the interest rates are high so few have decided to retire due to the impact on lump sum. You cannot blame attrition only on company culture and quality.

For most people the company is still a great one, great benefits, great culture overall and a lot of flexibility. There are not too many petrotech positions with similar benefit and pay out either.

Chevron used to be great. We are no more. MW saw to that. Hence the attrition, particularly of those not high pots and not diversity visible.

Anyone who doesn’t enjoy our attrition rate is welcome for Fire themselves at any time.

We don’t have an attrition problem at Chevron.

• RM

And don't lie that it's not. We all know it is.