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32 replies (most recent on top)
@1f7 very much so - and it will happen, and I am from a high cost country
if you agree that work should only be done in country if it truly needs to, then you will have no problem when your IT support and paperwork jobs become AI agents, right?
after all, it is what’s right. i don’t want to a hear a peep from india about it.
I'm a bit salty that there are JG2's and JG1's and even LC who are given in-between temporary roles for more than a year waiting for them to find permanent roles. Those temporary roles serve no purpose and most often in their attempts to be relevant they drag other workers down. I'm not saying that they couldn't do a good job in a real role, just that they get put into placeholders, whereas others would have been terminated with a severance package long ago.
@1dc the point one could make is with global disciplines and ability to work remotely for a lot of the work, what truly needs to be done in country (US, NL, UK included) vs could be done anywhere, and if its anywhere then where is the best ratio of cost vs work quality. Just because you make many and serve customer in a country doesn't equate to needing to have the whole value chain staffed there. For the countries with the most expensive cost of employment its an unsurprising business decision to want to look at the most competitive way to do that work.
@1bs would you elaborate on the comparison to the Dutch? Not trying to be glib I’m being genuine. The GoA is served by the US, it’s here, makes money here, and serves customers here. What does the Netherlands have to do with pulling hydrocarbons out of our territorial waters and feeding our US downstream customers? Why do you think Dutch people are more entitled to serve this economic chain. You aren’t naturally a part of it nor entitled in that regard. You don’t have a superior technical claim because the only reason you’re here is because of the 1985 lawsuit (okay now I’m being cheeky) that gave the Dutch control over Shell oil. With this, I’m asking your point and reasoning please? Now I’m glib and petty…why do Dutch and Brits want a free ride still? Your time is up and you squandered the opportunity you had left. Accept you need to switch industries away from hydrocarbons. You can’t have your cake and eat it too anymore and that’s why you’re really annoyed.
i agree. as an american, they should hurry up and fire me and replace me with an indian so i can move on with my life
i’m going to do that anyway, but it sure would be nice to get paid on my way out
I’ve no idea how goa still has so many people, especially discipline coordination waste of space positions when the costs are so much higher than the Dutch. 😉. McKinsey will sort it out
@11r Norco.
@z6 we also heard that McKinsey is coming at a gulf coast manufacturing site last week
@11r Have you heard what the scope will be? Will McKenzie be focusing on each of businesses specifically that are left there? Or will the scope be focused on the asset itself after the demo project was canceled like what buildings to demo and what to move to WCK?
@hb Shell has always promoted people seen as “jack of all trades” because they wrongly think that’s what makes for good leaders. HR runs the system that requires only management roles can be higher job grades. It only looks at how many people report to you. There may be a few exceptions where someone’s expertise is seen as so important that they need to be LC, but that’s the exception. Essentially, those who cannot do, lead, here. Hence, the horrible leadership.
@z6 Westhollow
which site?
Yes, we just got told last week that McKinsey is coming to our site soon. More fat trimming.
@gr this is g9 again. The issue Shell has is that they do not promote in role, so like you said you lose technical expertise since it is not really rewarded within Shell. I’ve always said that Shell now would want a a jack of trades with a little knowledge of everything vs deep technical expertise.
the idea of moving into harder jobs in areas that interest you in order to get promoted isn’t bad in its own right
it’s bad because that’s not how technical expertise works, and so you’ve got all your technical people stuck. that means that whenever you make life harder then it already is for your technical talent, they will immediately leave if they’re any good and aware of the situation
@g3 yep I recently left as a technical expert as another oil company was willing to pay me for my expertise whereas shell just expects you to stay in the same job grade or change roles if wanting to be promoted. It is amazing to see how another company values technical expertise.
OP- yes, it’s the sword of Damocles syndrome. Who’s string is next to cut is the question.
same for me, I am the OP again.
full bonus award grant - Feb 1st
stock vesting date - March 1st
The job hunt begins second half of January assuming I can start in March or April at whatever is next after a nice refreshing vacation break
there is no reason to be an american technical here other than to hope for a cash out in some way as we are slowly pushed out of the company
Yes OP. And the only reason I am staying is because I am almost vested.
Global salaries are subsidized by North American based revenue. Stop the unjustified targeting of high overheads in North America. It’s a broad economy issue - not a Shell issue.
consider the fact that the upstream director zoe recently and suddenly left for another job
the C suite consists of a bunch of vampires who will feast on the long term life force of the company in order to pump the stock long enough to make their bonus targets before they move on and fail upward
I believe that’s the plan. It’s been 3 years of the same strategy. Cut and buy back stock. He can only do that for so long before he runs out of things to cut and has no more money left to invest in anything.
I’m not sure why the board has still allowed this to continue but he’s going into year 4 as a CEO and the company hasn’t moved in any direction since he came on.
yep. at some point he needs to quit spending every single dollar buying back stock and invest in a new asset or we just literally won’t a company anymore
Does anyone know when they are going to sell the catalyst business? It’s been money losing.
@cn good post.
The renewable businesses weren’t making money and prospects were poor. I’m glad they’re gone.
Manufacturing (R&M, chemicals) are very tough businesses - you can make a bit of money but it requires an Exxon-like Borg approach to the business and operation, probably not too many fans of that amongst those growing up in the Shell country club.
WL has done nothing I can observe with the organic growth problem in upstream. If he doesn’t his tenure will be at best mediocre.
waels cuts
people
stock bonus to JG 4 and JG 5
mandatory 5% lower ratings
20% less staff, zero contractors
hiring freeze
digital innovation all gone
graduate program shrunk
businesses
offshore wind
biofuels
nigeria
chemicals (likely soon)
europe solar
europe chemicals
hydrogen
all of singapore (bukom, trading)
some US gas stations
idk. i feel these cuts are all great for shareholders and only su-k if you’re an employee not in india.
i think the pennies on the dollar sales are all actually under ben van bearden. stuff like the permian and convent and refineries. canadian oil sands, appalachia, north sea
there is a decent chance that chemicals will be sold for cheap under wael i suppose
i’d say wael is very bad for employees and very bad if you care about company growth after his tenure. he has put zero new assets online and only buys into proven areas to maintain liquids and slightly increase gas.
@b3 what parts of the company did WL sell for cents on the dollar?
The bigger mistake than his actions is the Board allowing them to keep happening and keeping him around.
These people are supposed to provide sheparding guidance and oversight. So, when Mr. W stays on doing his thing they’re either asleep at the wheel or don’t give a sh**.
Wael came in and destroyed a 100 year old company in 3 years by acting like Private Equity, selling the company for parts for pennies on the dollar and slowly chipping away at every benefit the company has. All while pocketing the money at the end of the year for his 10M bonus. But you don’t need to look far to see private equity is in the red for all the bad moves and bad investments they’ve done. Looks on track what Wael is doing and where Shell is going
Wow what a brilliant idea cut cut cut and pocket the money through your bonus. Anybody could have done his job for a much cheaper rate.
Wael has no vision, his only plan is to cut people and buy back shares. Why he gets paid millions is a mystery. He needs to go.