Impacted due to Wael’s $3 billion cut re-org round. Any idea, how long it takes to land on a new opportunity in Houston these days? The local job market seems pretty weak!
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With the amount of Houston geologists and engineers hitting the market because of Shell and Chevron layoffs, combined with the already huge amount looking for a job, it’s going to take at least a year to land something. This is a good time to exit the oil industry if you can and never look back.
I got laid off during Avanti/Covid round. Took me ~5 months for a job I wanted, this time around I anticipate it will be hard b/c everyone is in cost cutting mode.
It’s going to be increasingly difficult, and the challenges will only grow. If you look at the bigger picture, the auto industry is shifting toward electric vehicles, domestic leasing is declining, and there’s likely a fracking ban coming next year. New O&G investments are being drained.
Always easier to find a new job when you still have one. If you haven’t been applying and your role has been cut, you need to get on the job market now. The best case is to time your new job after the severance package.
There really is no one-size-fits-all answer. It all depends on the particulars. I’d say the other poster’s 3-5 months guess is a good range
I got laid off in February and found a new gig in late May. The career coach they got for me was telling me 3-5 months easy. Also finding a job vs finding a good job is two different stories. I found a lot of garbage jobs that I punted on. It lays to have a rainy day fund so you don’t take the 1st thing you get offered.
I don’t know how Shell times these layoffs so well to f-over the people leaving. Last time they cut people into the pandemic in 2020. This time it is to a sub 600 rig count, sub 70 oil and possible recession.