Thread regarding Phillips 66 layoffs

2022 Inflation ytd is 8.2%

lol

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| 2781 views | | 6 replies (last December 2, 2022) | Reply
Post ID: @OP+1jXdoc8k

6 replies (most recent on top)

Who cares, Phillips 66 is paying about 100% under market. The 8% isn’t even close to a start, get outta that he-l ho-e

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Post ID: @2cio+1jXdoc8k

Taking in money hand-over-fist and this is the scrap they throw us

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Post ID: @2dde+1jXdoc8k

Pushing raises 4 months nets the company $30MM-$50MM in savings by not paying higher salaries earlier. Smart move by them, not great for the employees.

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Post ID: @1gvk+1jXdoc8k

I anticipate a mass exodus around March 1 and this will be too talent leaving.

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Post ID: @1uvl+1jXdoc8k

Yeah, I love that "6.5-9%" like we didn't lose our merit adjustment in 2021. Effectivepy we're right where we would be normally if they didn't cancel merit increases for 21.

Still, better than I expected, which was zero...

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Post ID: @izz+1jXdoc8k

Is this how you remember it?
Merit raise April 1 2020
No raise in 2021
Merit raise April 1 2022 and another 3.5% now?
So total raise 6.5%- 9.0% from April 1 2020 through July 1 2023.
They do know that engineers do math?
And the game of moving the merit out to later in the year has been played before. They know you’re just going to move it out another 6 months to make it an entire year, just not all at one time.

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Post ID: @zmg+1jXdoc8k

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