Phase 2 of layoffs in the next few weeks. Shift to the U.S BU. Sr leadership to realign the portfolios July through September is the window. Rumor is 25% cuts however I’m thinking highly unlikely. Good luck U.S BUs.
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Last week the safety department met in Houston to plan the upcoming changes. A Sr. Manager from another location is in the Houston office the last week of June to plan upcoming changes. HR leadership is on Houston to plan upcoming changes. Here it comes, right on schedule with the July-September phase 2.
A number of the responsible management are hiding in plain sight, continuing to stick their head in the dirt.
“Every single leader that supported the acquisition of Columbia”
Those are still around? I think Chapman is the only exec that’s still around from the time Columbia was bought.
100% agree that all non-US personnel seconded to US must come back. I know few of them from HR and got promoted. You don’t need HR person to be in US. It’s not a profession that is of critical need there
Disciplined Capital Allocation
CGL
Napanee
Saddle West
Executive leadership level is a dumpster fire.
If they had the knowledge to understand what's not working and the courage to act, the simple layoff plan would be:
- All non-US personnel that are either seconded or transfered to the US
- Chapman and his ENTIRE network of cronies
- All contract staff
- Every single leader that supported the acquisition of Columbia
- Expand it to include Liquids and every single leader that ever had anything to do with the design, construction, and integrity management of Keystone
The 2022 CEO total direct compensation was $9,552,000, which was 18% higher than 2021.
The 2022 CFO total direct compensation was $2,815,200, which was 51% higher than 2021.
These're just two examples. There're other fat to trim.
How do I submit this cost saving idea? I can help the company save millions in exchange for a 3 percent raise.
More fake news.. I think this is all to scare the quiet quitters they are so afraid of.
"so you rinse and repeat every couple of years with a “new guy”. More like every 6 months.
After the layoffs, the senior "leaders" are taking credit (i.e. getting bonuses, raises and promotions) for cost savings!
Ha value contributors are defined by the respective leaders. So you better have a good relationship with your “current” manager. But most of them are trying to climb the leadership ladder so you rinse and repeat every couple of years with a “new guy”. And that starts to become very tiresome.
Payoff for constant mistakes by senior management. I just hope value contributors will stay .
Well, they just realigned the safety department just not made public yet. Other programs and departments have a staffing plan already just can’t release it yet. I know some managers in a BU who had been told to remove certain names from the list…
I can't see 25%, there is nobody left to cut! Sr. Leadership to realign portfolios....what does this mean?