After reading the news about Shell today, AND knowing we are going through a similar process, AND knowing layoffs happen every three years now … AND we constantly wonder why our industry can’t attract top talent. I can just imagine the board room: “cut raises and bonuses!”
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I'm hearing from multiple people how much better it is working elsewhere.
I've started looking and its pretty clear I stayed too long at BPX.
No opportunity to progress in my career here.
This is nothing new. O&G has gone through downsizing exercises every 1-2 years for many decades. If anything, the frequency has slowed up some over the past decade. We have said the same thing over and over…when will they learn, how can we recruit/keep talent with such instability, etc.
The answer is that the industry does not learn and keeps repeating the same mistakes over and over. People join the industry because it still pays very well.
I told you.
We are bringing Bpx back to Houston. Lot's of talent in Houston and India. We'll be just fine.
is bp going through re org?
Get out of bp and bpx. Is not good for anyone except the cliques.
the risk to reward is just simply not there in the industry anymore.. not a good outlook for the future
you would think will have to give good bonuses to the people who remain so they don’t leave. There’s already a pretty big chance people will cash out after their reinvent shares vest.
This is the problem of having a poor strategy and inefficient execution.