Thread regarding Phillips 66 layoffs

Gogo will never adopt Ai. First response from Grok - ‘layoff your c suite’

@179 p66 already did… this will keep happening with more Ai and outsourcing to india

I saw COP laying off 20 to 25%
Think P66 will do the same

Just too many new hires. They haven’t found this site yet.

This place is a directionless wasteland. “Leaders” seem to be in hiding.

Could be turnarounds started

@11, its called quiet quitting. If you know, you know. :)

I am guessing that anyone that had the time to complain online has been let go or given additional responsibility ?

@kz Oh that sh-t show of Job Architecture will just be a preview of new Performance Management. Remember, no more 1-2-3-4-5 ranking, people. Only 20% at "exemplary" (bye bye: 1-2). The real joke is that 75% of everyone will be "high performing." The same mo--n who is close the bottom ranking will receive same VCIP as the hard working schmuck who just missed out on top 20%. It's laughable. Do the bare minimum not to get fired and reap your VCIP. Save your pennies, Charlie Brown. Layoffs are a-coming for us all. Bartlesville gets whacked harder but Houston will get skinnier than our coworkers on Ozempic.

@kz, more outsourcing I bet!

Going to drop like that morning p o o that Gogo makes after the craccker barrel bowl of oatmeal.

Just wait til job architecture drops

@f5 heck, given how much Cr--ker Barrel’s market cap / EV has gotten crushed-maybe that’s the next acquisition by that crack PSX Strategy / Business Development team.

Probably some pre-acquisition ELT due diligence-he-l, investment there can’t be any worse than the last couple of CP Chem FID decisions!!!!

@g0 Amen. Your post says it all. There is no real sustainable plan to grow top-line net margins; it’s all about buying time for refining and chems conversion to recover……… as they do / will for everyone else in the sector when they recover for PSX. There is no substantive top line innovation, other than buying the odd midstream company, integrating it and creating more market concentration there. But you can’t do that forever; sooner or later the regulators ain’t going to allow that. And it can’t be the only strategy. And god help any of us still invested if PSX keeps doubling the he-l down on chems conversion.

Until the cycle reverses- it’s ruthless cost - cutting per Bain/McKinsey/Alvarez & Marsal. Nothing new, same old consulting cost cutting ideas and .ppt decks (just now done by AI, just for the same outrageous hourly rate).

Oh - and the morally and ethically bereft Leader of Finance I'm sure will continue to issue debt like a drunken sailor when ML desires (especially when borrowing to fund midstream and chems acquisitions) while looking for his next nubile female conquest internally and signing off on more consultants.
For a guy who claims to hate “consultant jargon” in his own words…….he sure seems to love paying them. Maybe someone involved in corporate governance (ie the Board) needs to finally take a look at that 😳🙈😉.

Quiet lately? They've been laying people off continually for over 3 years now with no end in sight. It's been loud for a long time. Employees have lost trust and know leadership is all lip service. Especially the main finance guy on their core values. Please.

I saw Gogo at the Cr--ker Barrel with the ELT on westheimer.

Phishing for insider information Mr. reporter?

agreed who has scoop?