With the big red M being obsessed with “increasing shareholder value “ this seems like an obvious move. It’s the easiest way to cut costs. It’s been nearly five years since the Covid purge.
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Unfortunately, if cuts are made it won't be to the right group. Marathon has so many supervisors or managers with less than 5 reports. So much bloat....
MPC already has HCL. It’s just a matter of time before they do the cheap route and let employees go. Cheaper to pay contractors than employees. This place is already a cr@p show. They couldn’t care less about their employees. It’s all about that C Suite bonus and keeping the stock up to line their pockets. Ol Maryann will need to keep up with them good old boys and layoffs will come. We want to be the leader so they let go of 20% well MPC will ditch 30%.
Employees wise enough to step up and delve into any and all oil and gas refining that's going on worldwide can improve revenue and safety at their own refinery. But Marathon folks choose to be laid back and let management choose layoffs in order to improve revenue.
Well when were led by execs who don’t have original thoughts on improving or growing then layoffs are the default to make more money
Don't give them any ideas - they hadn't thought of that yet!
Just hope Marathon doesn't do a "Technical Solutions India" office like the rest of the oil majors have. That is what is causing the majority of American lay offs.
Maintenance Engineering, Planning, Scheduling.
Tar Planning, Coordinating, Scheduling
Project Controls, Project Management, Procurement just to name a few.
Its getting out of hand.
So, BP Oil cuts about a month ago and now Chevron cuts. Yet Marathon employees are still sleeping as to what could happen with layoffs----zzzzzzzzzzz.