For all of you saying that there was goin to be an email today, there’s nothing to change status quo.
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So the email is out by EB, no specifics other than it will happen in 2 to 3 months time, get ready for major lay off in 2025.
Email scrapped once board saw great earnings story.
Kind of a weird flex, isn’t it? ‘It’s 7:30 CST and there’s no email, you guys were wrong’.
Did you see the $2-3 billion cost reduction announcement? Do you realize how many US jobs need to be cut to reach that number?
Management at my BU received an email yesterday effectively delaying reorg announcements until end of this year or the beginning of next year.
Layoffs and no EOI packages offered... that's how they will do it. Our ELT operates on a level of PSG 22-24... that's the only way they can see how to do it
Set more unreasonable expectations... 3$b of cost savings? Freezing and reducing benefits, layoffs? How do you make up that much cost and why do you even have to promise this to the street?
They will say how great things are at cvx to the street. Then they will turn around to us and beat us on how bad we are doing and supposedly it's all our fault and employees have to pay for it through being laid off
Been waiting for that as well. Honestly if something were to come out, then I bet they would time it with the earnings call today. Announce something there, then send an email out afterwards.