Thread regarding Chevron Corp. layoffs

How much money do you make

I AEOI’ed. I think maybe you are asking the wrong question. I would be worried to stay. This isn’t the Chevon I loved 10 years ago and 25 years ago. I am going to be healthier physically and mentally leaving in a few weeks while still in my 50s. Maybe you are in a good position to retire?! 1 year salary! Choose yourself.

Approx. $250k

OP, how did you get to be a grade 25 and have to ask a question like this on a public website? If you do not know the answer to this question, then I would be worried if I was you....
People at much lower grades and working experience can make this decision. You are overpaid as a grade 25.

What is your salary... approximately

Depends on your situation. If I make it to 56 at PSG 25 knowing what I know, I will easily be in a position to retire if left standing, with the sole hurdle being medical insurance in the USA.

I'm concerned for the mid career rank & file in their 30s and 40s responsible for supporting families with children, with skills less transferable outside the industry.

My dad used to be 56

“56 yrs old, should be worried?”

Chances are you walked home, drank out of a hose, and rode a bike without a helmet.

There’s nothing at Chevron that can touch you.

“Runway”

If the kids are out of college and your retirement nest egg is absolutely solid, some time off smelling the roses is good if you have a goal and a purpose. I retired at 65 and found out two years later I had bad jealth problems but 90% OK now. In-home nursing care was very expensive.

I am glad I smelled the roses.

now maybe the best time to exit the company in upcoming 3-5 years. the package will be getting worse and worse…

EOI to help someone have a job.

The reason this person has to ask the questions is the reason this company is circling the drain.

Don't take advise from the site, for one thing. Talk to actual friends and coworkers. Like, as in real people.

Things I learned in my Chevron career (EOI 2020, then a little older than you but not 65):

1. 1st and foremost, you're stalled at PSG 25. Expect no promotion to 26, and likely minimal to zero pay raises the remainder of your career, no matter how well you perform.
2. You're on the 'hit list', unless you're in the 'inner circle' or a favored demographic. MW's Chevron views you as too expensive and not 'trendy' enough. MW would prefer some buzzword-spewing 30 yr old at half the price.
3. If you make it through this round, you're probably safe until the next layoff round (2030?) which should put you in a more financially favorable retirement position.  
4. If you do hang on, make sure you're doing some meaningful work (i.e., some visibility), do some volunteering, maybe offer to mentor. In other words, ingratiate yourself to the system. You can swallow your pride for a few years. Now is not the time to think you can single-handedly change Chevron.
5. I don't know your point situation, but investigate what your medical insurance options are pre-Medicare. Even full Chevron retirement medical only covers a fraction of the price of decent (not Advantage) medical coverage. Good to know this ahead of time, because once you retire, you have to make that medical insurance decision very quickly.
6. Know what retirement's going to look like - where you're going to live, what your lifestyle will be, what your monthly budget will be. Again, you have to make decisions quickly once you retire (within a couple months), so start planning now.

All-in-all, check with your financial advisor to know at what point you're financially secure to retire. If you don't have a financial advisor, get one now. That will give you an informed position to make decisions.

Take EOI if it’s hefty. Kinda d-mb not too consider that nice bonus if you are confident you’ll find another job soon .

Why take EOI? Chevron is the perfect place to retire in place. Milk that juicy pay package for as long as possible

There are 25-year-old PSG 21s that should be worried.

You should be able to retire already if you’ve been at Chevron for most of those years. Take the package, get paid for an extra year and live your life away from this trainwreck

Get out while you can!

better EOI
take the package now before the payout drops in the next round of downsizing