Thread regarding Chevron Corp. layoffs

Tell you what OP, You start a company and run it the way you want. Like a big Charity, just give away money for doing nothing, and hold on to useless employees that you don't need, maybe just because they have a family or something else. Don't worry at all about making a profit or even losing money. You can do it. Sort of like the US govt. What could possibly go wrong?

Correct, shareholders are prioritized above all. Execs can make the decisions, bu also benefit as major shareholders, so of course they'll favor shareholders above U.S. employees, diversity, and supporting local economies.

How it will bite back long-term if companies continue outsourcing:
Earnings and stock might benefit short-to-mid-term, but if this outsourcing pattern normalizes with companies "to keep up with and mimic competition", then there will be no middle class backbone to support the U.S economy. No U.S. consumer to sell their products/services to. Companies in general will have to re-route the sales glut overseas where they outsourced their jobs, but with a caveat. Since they collectively discounted their wages, now they have to discount their profits. This outsourcing trend could be bad for everyone long-term if overdone.

Remember how Rome failed? One part of their failure was simply from the wide gap between the rich and poor. In other words, no middle class. Politicians and citizens should really not downgrade the middle class. Bad things will happen.

Hey @OP. It's called Capitalism, chief. If you don't like it, move to Mother Russia. She will take care of all your needs. Co-mie.

Does any one actual know what a ROCE is and what I need to do make it go up?, bc it’s apparently on my PMP.

A little googling:

While corporations are often seen as operating for the benefit of shareholders, it's not legally mandated that they must prioritize shareholder profit above all else. Directors have a fiduciary duty to act in the best interests of the company, which includes considering various stakeholders, not just shareholders.

They’re legally obligated to act in the shareholders best interest to maximize returns to the shareholders. That’s the law.

They should buy bitcoin with their cash reserves, the ROCE is better than producing energy.

'A far as shareholders are concerned, Chevron is doing great. But if you are an employee, it really su-ks, especially after decades of telling how valuable we were as employees.'

Chevron does not specialize in oil and gas.
It specializes in financial gimmicks that does some oil and gas production on the side.

It will only get worse. Won’t be the last time

I felt this all in 2020 after of 30-years of service!

The human energy company, or…..how to burn employees

Wait, you are just figuring out that shareholders are number one priority?

With PowerPoint, anything is possible!