Missed targets, outperformed by competitors according to CIOs and now the Enterprise Leading Performance is launching a survey sent from McKinsey. What does this indicate?
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Wake me up whenever they release the one pager that contains whatever bull$hít new terms I need to start mindlessly regurgitäting.
@6mvy+1tsxdR7q. Boy are you going to be in for a surprise when it hits the fan. You won't be anywhere near 52 weeks. They make all the rules and can change them when they want.
@4vdv+1tsxdR7q There is no plan in Chevron that's only two weeks severance. The minimum severance pay benefit is 8 weeks and the maximum 52 weeks for U.S. payroll employees at least. Agree they may not sweeten the package like they did in 2020 but at least know what you're talking about.
Last time it was transforming to win. Seems like we’re due for a, “Transitioning xe/xem to embiggenment” event.
Am I the only person who thinks those syrveys are totally useless???
Survey out.
Mostly multiple choice - strategy, engagement, compensation/recognition, capital stewardship etc
2 free form text boxes at the end ( strengths, weaknesses)
3 multiple choice questions about the hybrid policy - current schedule, preferred schedule, and common way of interacting (eg in person, virtual, asynchronous).
Layoffs always coming every some years. But IT said not enough human power? Is that McKinley trying to making efficient?
Layoffs not coming until end of year, next year anyway
Layoffs are coming. This time there won't be any package like 2020. The cuts will be made by reorganizing individual BUs. Before the 2020 debacle, one of the HiPots got their job opportunity and the boss asked me to do his job as well as my regular duties. I proved that you could easily eliminate a person. They know this now. RTO is the perfect opportunity for them to make more cuts only this time it will be small and without the nice package. You'll get two weeks and six months on Cobra. The minimum.
Not just IT, SCM is receiving the McKinsey survey too. Doesn’t even seem like they are cherry picking people to participate, the whole function received a heads up email.
Usually these "surveys" are only sent to low-level managers and high-pots. They will explain that all is well. McKinsey will then pull out whatever is the trendy management style du jour and recommend it to SR. If this sounds corny, this is exactly how the last three McKinsey interventions happened. I was in one of the 'random groups' surveyed in 2014, and we wondered why only 'certain' people (taupe nosers and high-pots) were surveyed at the time. Of course, this was followed by the requisite layoffs in 2015/16.
Only IT received email, but it says IT and 5 other BUs have been selected by the Enterprise Leading Performance team to provide a representative sampling of the organization. Not sure exactly what that means or what other BUs
This must not have to all BUs. We did t see it on my side…
Read the email if you are an employee... it said next week you will receive the survey. Next week. So the people saying this is not real or is a troll post are ignorant - either willfully or by accident
When did this survey go out? Who got it? I haven’t seen it either…
I ain't filling out sh..
"The is no survey. Troll post."
Not a smart one or you don't work for chevron. This isn't speculation. It came from leadership directly
The is no survey. Troll post.
Only way to show your disagreement - do not COMPLETE the survey.
We are already extremely lean in many areas. MW needs to go to layoff rehab to get over his addiction.
So not really a thing…
These consulting groups are brought in to shelter management from any wrongful termination / gender / age discrimination lawsuits following a layoff round. Management can say, 'we had no bad intent, we were just following the recommendations of these esteemed business consultants!'
Ask your senior co-workers (if you can find any) what were the circumstances every time McKinsey or BCG were brought in to "consult" or "hold interviews". They were always, always followed by layoffs and another "transformation". Storm clouds on the horizon...
McKinsey got $1.6 mil to tell NYC to use wheelie bins instead of garbage bags. They should be able to squeeze at least $10 big ones to tell us to trash hybrid.
So is this actually real…
It's one thing to spend millions on McKinsey to do what our leadership can't but is mckinsey even good? Can they even come up with a plan that will improve chevron? Or will layoffs and reorg come without any benefit except loss of workforce
You don’t bring in an outside CEO and McKinsey unless you are doing massive layoffs. That in addition to an “updated” hybrid policy asked elsewhere on this forum tells you all you need to know.
Pretty embarrassing that we need a third party thats not even in the energy industry to tell us how to manage our business. Just more confirmation that our leadership is useless.
Esso is blocking appointment of the third arbitrator, so they can keep their foot on the brake indefinitely. They are famous for this and love being in a position to stymie a competitor until they decide the time is right to lift their boot of the neck. They are saying it will not be until 2025.
Hopefully a layoff
@gaj, because you may want a job before all the good positions elsewhere are filled and there is no guarantee that any package will be offered or a decent one. Plenty more reasons depending on the individual.
Has this survey been sent? Haven’t seen anything…
Why is Sr. Management getting multi-million-dollar salaries if they are incapable to defining a long-term strategic direction for the corporation. If we are going to outsource basic strategic decisions, lets start the cost cutting by clearing our useless top deck.
When you’re too impotent to make meaningful strategic decisions, you bring in McKinsey.
Does no one realize we’re so paralyzed by institutional rot that literally nothing can get done unless we outsource it?
meanwhile .....
today: 'FTC DELAYS Chevron-Hess Decision to After Exxon Arbitration'
hey MW, where's that FTC decision "in the coming weeks" you mentioned in 1Q update?
btw - YTD Return (per Market Watch 11:25AM 7/11):
Chevron 4.44 %
Exxon 12.92 %
hey mckinsey -- google this statement: a fish rots from thew head down
The statement “a fish rots from the head down” means that, in addition to being a major contributing factor in an organization's success, leadership is also the root cause of an organization's failure and demise. This is true whether that organization is a country, a company, or a sales force. Feb 2, 2022
what a mess
have a nice day
It all depends on Hess integration, that plan was for end of this year, but with all legal issues on the table it may not happen until end of next year at earliest.
I laughed with John Oliver's take on these type's of management orgs.. wow, in all seriouseness, the guy is on the right track..
It means. You Fire McFly!!!
Bad financials + notorious downsizing consultant = layoffs for sure. Timetable = about a year from now, it takes time to put together the execution list and the legal stuff.
Do we think this means layoff coming this year?
It tells people at Oxy what everyone else already knows, Mensa.