I heard 7K - 9K people will be laid off or accept the EOI. Are you hearing the same?
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So if they are cutting 50% of CTC that means the 15-20% in total doesn’t mean cuts in some areas could be any percentage. Some less and some a lot more.
@a5m Is math a verb or are you just illiterate? Honest question.
Don’t worry, that many will AEOI! You’re all good
Are they using AI to help determine who to lay off?
Right-sizing hurts but badly needed. AI will confirm more when fully implemented...
That’s the equivalent of laying off everyone in downtown houston. Just for perspective.
Did I go back in time?
For transparency MW should provide visibility on the BU numbers pre cut and then the post cut. Would provide some credibility to the competitive performance CVX is striving for. Those remaining will know where they stand.
How many employees are in CTC?
50% CTC cut
yeah its about to get ugly here pretty soon
I found this article helpful: https://helpfromhr.com/blog/chevron-who-is-affected-by-the-job-losses-in-2023
It's more like layoff 18k US employees, and hire 9k in India.
Welcome back on planet earth, how was weather on Mars?
We have 45k employees and they’ll cut 20% so yeah that’s 9k people. Do you even math?
Seems like they are just clearing out anyone who was looking to retire anyway
I heard 15-20% so that sounds about right.