Thread regarding Phillips 66 layoffs

Not just layoffs, but salary cuts

HR is also reducing grade levels. This means lower bonuses and you'll be over midpoint. If you don't like it, you can take a severance package.

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| 1671 views | | 5 replies (last August 27, 2024) | Reply
Post ID: @OP+1tV8rtXP

5 replies (most recent on top)

18’s get stock each year, 17’s and below only get stock if they have a 1 or 2. That’s a big deal.

I would hope that anyone being downgraded would have the option for severance. I am happy to be a good soldier, but if they took my level down, I’d rather be laid off and go to greener pastures

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Post ID: @iptk+1tV8rtXP

What is the pay downgrade from a 18 and a 17?

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Post ID: @5qkp+1tV8rtXP

Need to cut the entire HR department, bunch of incompetent a--holes

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Post ID: @2vsj+1tV8rtXP

Funny how everyone else is taking the hits but none of the ELT and Leaders groups have taken any sort of pay cuts first before dipping into those actually doing the work. So glad I left recently.

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Post ID: @iwv+1tV8rtXP

This su-ks loosing my 18 for a 17. Wtf

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Post ID: @qpy+1tV8rtXP

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