With the layoffs taking so long, what are chances it’s a stall tactic in order to wait for the Hess arbitration to finish? Is the plan to save seats for the Hess employees?
8 replies (most recent on top)
If it goes through, we're buying Hess assets (BIG), not Hess staff (small). In the grand scheme of this layoff, Hess staff are an afterthought. The only ones who will be retained (at least for a little while) are those working Guyana or Bakken.
As for exploration, Chevron hasn't had a productive exploration group since DWEP was dissolved ten years ago. There hasn't been a significant (non-Noble) discovery anywhere in the world since then. Mexico, Brazil, both bungled with inexperienced high-pots "in charge", and LS' "staff" and the review team crowded with even more inexperienced high-pots.
Comparatively, CVX is heavily over staffed compared to peer competition. Since the Company no longer has capabilities in exploration or to manage capital projects, they are cutting staffing to the bone. Hess didn’t figure into this and is so small it wouldn’t matter much anyway.
Personally i think the problem is the top down. It's not any one business unit issue, or any one group. The issue is we have people in charge looking at a graph that compares other peers and what they are doing. They lost the true focus of the company slogan and its all about the bottom line. If they truly did give a rats a s s about the people they would listen to the people the help build the company. Instead most of the the uppers are out of touch with the workforce. You have too many people with their special interests that are creating chaos and discord. Morale is at an all time low, with so many changes coming and this slogan of you will be held more accountable is BS. This should be a 2 way street and you Mr. Wirth should be help accountable as well.
Based on all the response it incompetence.
So due to the current Chevron incompetence, workforce to be replaced by Hess?
It’s incompetence not planning!
@a9 actually the last discovery we had was around when we still had the ability to do all the bespoke tools fit for the right purpose. And then triple crime came along, selling the fantasy stories of OSDU and some great data foundation, everything through worthless delphi
The brainless IT people running the show and all we have had are dry holes (not because we use their stuff, but because we can’t use anything else while they’re building stuff nobody in real life uses). Shooting in the dark.
The delay is a result of poor planning, poor decision making and poor execution, not anything else.
Nah, too far out time wise. We just want the Hess assets not the Hess people. People seem to think that lack of OC is the reason why we can’t find oil. Nope, it’s mainly a poor decision not to use an internally developed tool while we embrace a far less capable one that is proven itself to be worthless since our last major discovery. Sounds like corruption to me.