I believe there’s a lesson here for the Board of Directors. It has to do with leadership accountability, starting with the ELT and cascading all the way down to front line management…. If nothing else, the BOD should have some questions about why this huge layoff was necessary. And I don’t think it’s all Ryan’s fault. This could have been avoided.
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The BOD follows Ryan… this is 100% Ryan’s fault, which he even admitted.
We have had basic tools for measuring success now for 40 years… metrics, benchmarking, measures of economic merit… but the fools in the ELT continue to be fools.
Most of you dont get it.
The BOD will congratulate the ELT for adjusting to the new market conditions.
Some of you say this is a result of a failure but it is actually a success. When the outlook goes from over $100bbl to $50bbl you need to make changes.
If our ELT was responsible for making the bbl price drop then they have a lot more super powers than I thought.
Every new hire was supposed to be approved at an ELT level and very few were ever denied. This is not market driven. This is all extremely poor leadership, not to worry though folks, those that’s caused this will suffer zero consequences.
I take it all the downvotes are from “leaders”, not Real Workers.