Title of news article. A couple paragraphs down:
"Despite progress in safety and financial performance, Chevron had fallen behind its competitors, company leaders told employees during the internal meeting on February 12. The business had become over-complicated, costs had crept up and Chevron struggled to quickly make decisions..."
Wait a minute. These process failures were exactly what the 2020 "transformation" was supposed to correct. What went wrong?
The history (past) proved it. No matter how many Chevron will layoff, the company will still go down until they start to layoff from TOP.
Reframe layoffs however you want to make it sound good.. Transformation, Win at any cost, AI …. The bottom line is to cut costs to try to show a better profit. Jargon for the investors. It’s all about cost- that’s why we go through layoff cycles. Other companies don’t cycle as frequently. it’s clockwork
No, sorry @a1, I was there and clearly remember the 2020 "transformation" was to "transform" Chevron into a lean, agile (which turned out to be prophetic), fast-moving organization. Hence Agile, Chapters, and all the other nonsense. Not-so-subtle message to the retained 2020 staff was, "we're getting rid of all these dinosaur Boomers, now you young-ones will have your chance to shine and "transform" Chevron." The ones to be fired first in this round should be the id--ts who brought all this jargon and non-performance into the company. Throw in all the MIT mini-degree wunderkind who have delivered nothing to the company except bloated egos.
You are absolutely correct. I watched as the truth tellers at the coalface were routinely suppressed by the managers in the middle. There was reality and there was the story our leaders were told to make everyone feel good.
This is the inevitable conclusion.
I know many tried to make things better, but were stopped by those that simply wanted to maintain the status quo and not be perceived to be disruptive.
The part that hurts the most those is that it will be those that genuinely tried to make the system work, those that tried to make the system better. It will be the sycophants in the middle and upper echelons that will survive.
The funny thing about the "chapter lunacy" is it felt like being in a cult like the Moonies, 7th Day ... or Scientology"
The Emperor (MW) has no clothes his reports told him what he wanted to hear.
Namely cost efficiencies are working and decisions are happening faster, then the REALITY comes home a few years later.
In the mean time, the pigs at the trough were getting heavy bonuses based on these glowing reports all the way up the food chain. Everyone drank the company double speak cool -aid . Everyone knew it for what it was "a crock of BS". Except the boy scouts who never know anything.
Chevron cannot innovate.
How do you expect a culture that only talks risk to actually innovate LOL.
I means come on: thinking "what the worst that can happen, every second of your working day " EVER going to be able innovate?
Chevron took that to such an extreme it is hilariously stoooopid
It was OVER 10 years ago.
It just took 10 years for the insanity to become fully apparent.
Over complicated hahah that's an understatement...at the coal face most is outright ignored as the new thing will be in weeks later so you just don't bother.
CVX falling behind happened on MWs watch. He talks about needing to change the culture. The culture is where he took it. CVX needs a drastic change at the top!
The assessment of an Oil and Gas CEO by a president is a general truth: They are d-mb doorknobs and lazy as he-l.
No, the 2020 layoffs were just to resize since 30% of the upstream BUs were gone but the center was still massive. The chapter nonsense was added then but hasn't worked out.