15-20% reduction is likely going to be much larger. Is the company going hard on downsizing in order to make room for what they see as the eventual merger with Hess?
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No no, that’s next years layoffs.
On paper Hess will become a subsidiary corporation operating under the umbrella of chevron but with its own employees and operations. They will be slow to integrate except in areas where we have adjacent acreage
Nope. Hess layoffs will be incremental.
You can't take credit for synergies achieved before the deal closed. (I.e., they aren't synergies if you can operate standalone without these people).
nope
likely all Hess employees will be converted to contractors and renewed on a yearly basis
“Phillips 66 has problems that we don't want.”
Nah, Lil’ Mike has a PowerApp for that.
Chevron is butchering itself so activist shareholders like Engine No 1 and Elliott Investment Management don't come around to strip the company for parts like a stolen car in the ghetto. Phillips 66 has problems that we don't want.
Hey, “at nauseum” dude, you keep misspelling this expression in the multitude of posts you uploaded. Why are we illiterate???
Hess is lean, so the answer is no. This has been discussed at nauseum.
Hess has 100 geoscientists
Hess doesn’t have that many employees. But yes the expectation is that the deal will go through quickly after the mediation begins.