Our VP was honest which was appreciated. SJV will be cut more than the corp average. All about economics. he said people are a cost, which is true.
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@cb+1jpj5c4sk
The >20% layoffs in the USA are being offset by hiring in India, Philippines, and Argentina. So if they rehire people then the % laid off appears to be decreased.
Appears leadership kept their positions as we cut everything below. Why not combine surface and subsurface senior management roles?
Chevron is doing its best to slowly close down SJVBU without calling any attention to it.
Remember SJVBU Transformation 2025?
Pepperidge Farms remembers.
Well they’re actively hiring for IT roles in Argentina…
With the emergence that more and more BUs and functions will exceed 20% layoff target, my question is which parts of the business will be below 15% to preserve a 15%-20% average for the enterprise? Overseas? Have any BU or function leaders messaged cuts under 15% to their workforce?
VP said that “majority” of employees would be remaining after layoffs. So somewhere b/w 20% - 49% overall cuts for SJV.
LABU is apparently on a comparable trend
Anywhere between 20 and 99?