2028 seems to be the flag favourite for the next bite. Anyone got a more informed guess?
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Let’s just fire the bottom 10% every year
Wednesday.
Sounds like Shell
There’s a whole second half of this reorg that has not occurred yet. 2025.
Before I left earlier this year, a tech manager had stated “Reorgs will now be greater in frequency and magnitude going forward”
I appreciated the candor for sure.
2026 following the complete absorption of Hess. There will be a small adjustment early on followed by a larger reorg and cuts.
Then possibly more adjustments in ‘27 and beyond.
: @ad+1jy55h2b1
If you are not thinking about the long term stability of your employment, then you are a fool.
ad+1jy55h2b1 so chevron management can be completely self centred and selfish but not the great unwashed? Perhaps you should consider a management position?
I think 2027 as well.
I’ve worked for organizations in the past that are in a similar position to Chevron is today — significantly reducing headcount/outsourcing/offshoring, combined with a lack of strong strategic direction. Those companies both entered into a perpetual cycle of biannual layoffs.
Both companies are now shells of their former selves, and both have experience stock price stagnation (but continue to pay reliable salaries from their steady base business).
Sound familiar?
If you’re already discussing the next round of layoffs, it might be time to start making a move
Right now there’s a layoff trigger whenever the price of Mike’s Botox increases by more than a 10% differential of the last WTI 30 day price average.
2026
I think the next reorganization / layoff will be in 2027.