Thread regarding Phillips 66 layoffs

Former p66er here
Tell them your going to work with a competitor or something like that, they will likely send you home that day with pay plus your PTO balance. 2 weeks vacation plus "bonus".
Don't burn bridges though never know who they might know at your new gig or be your new boss somewhere else down the line...
Make sure to know IDs ,and password for 401k,Pension etc and change email on them to a personal email address and cell number.
Enjoy your new job:) I am.

Good luck! If you are like me, and so many others, Phillips left us not the other way around. I wanted it all to work out, help steer this proud company in a profitable, sustainable, and growing direction and spend my whole career here but it seems their destiny is to ride dividends, buybacks, wishful thinking, and "transformations" down as their core businesses decline. Maybe the ELT doesn't deserve all the blame as it seems this plan is what wall street wants, but would have been nice to see Mark and the ELT fight to forge their own path, seemed like Greg was able to. Not much opportunity for employees in the current environment.

The resignations we have seen the last few months seem to be by design to save severance money as far as I can tell. We will see how well the company can operate as the concentration of know-nothings and apathetic continues to grow and driven people, and those capable of independent thought continue to leave.

Submerging Energy signing off!
Catch you on the other side!

Thanks for the tips! Really nervous but hope it will be alright.

Oh sell all your vested RSUs now. All your non vested RSUs - kiss them goodbye.

Oh another tip - while you can use your year allotment of PTO anytime in the year you actually earn the PTO throughout the year. Not sure what happens if you have used PTO you haven't yet earned when you resign, but I'm about to find out haha.

I'm in the same boat. One tip I heard is to work at least one 1 day in the month at P66 and start your next job in that month so you will have the P66 health insurance for the entire month and no gap in coverage.

Don't count on HR helping out at all. Send yourself all the info you need on those accounts now. Screen shot your compensation and pay stubs to potentially use as leverage for negotiating at the new company if applicable.

Roll your pension into an IRA so you avoid tax issues. I hear P66 makes it hard to do but it is possible.

Will come back to report on any other tips I learn.

Everyone please feel free to share your tips!