Thread regarding Chevron Corp. layoffs

Op, apparently you have little experience with how corporations function and the role of senior management, their only task is to come up with new initiatives every 3 to 5 years to increase productivity, reduce cost and enhance profit margins, they then move to other roles, so success or failure is not based on initiative outcome, that could be their legacy, their success is to have an initiative and execute it and the Wallstreet views it as a cost cutting or profit increase initiative.

One is not related to another. The past reductions focused on reducing overall employee costs as the idea was to move toward a "factory model" (less thinking and more doing, and doing faster with fewer people). It made some sense as we focused on continuing to develop mature well-known asset areas and unconventionals and away from high-priced offshore wells and frontier exploration. It was short-sighted in that the cost reduction focus accelerated the "great crew change", with many very experienced folks taking packages without any acceleration of the training of the younger folks that would remain. The new focus on Engine reflects Sr. management's idea that AI could revolutionize our industry (shared by top management in many industries), but that folks with the correct skills to make this happen were not willing to work in the oil industry (having many other opportunities elsewhere). The current proposed layoff simply reflects we have fewer new projects in the pipeline and future growth is now looking toward acquisitions rather than discoveries (and acquired companies come with their own employees). If we are not growing, perceived short-term increases in shareholder value are assumed to only come from doing more with less (lower costs), even if that results in us losing the ability to steer the boat back on course long term.

I’d like to see DP back and JG. strong leaders.

2020 reorg failure is why BB isn’t CIO anymore. Now LC can have a crack at it but if he listens to the same ITLT BB did it’ll be a spectacular failure again.

OP. So you were let go I guess in transformation.
Let’s have a poll. Whom of the deadwood cut in that ROM should be taken back?

Managers giving themselves and their acolytes more years at the trough is not what they would consider a waste. Their wallets are all that matters. Snort snort.

It was no failure. It worked as planned. It got rid of a lot of the deadwood laying around doing nothing. Much of it was disguised as voluntary "EOIs". Those people were going to be cut either way, the cost was the same either way, but no lawsuits, no issues, less animosity if we let them "EOI" and pretend that it was THEIR decision. We cut a tremendous amount of useless material by strategically doing that.

The 2020 reorg effort resulted in lots of experienced talent expressing their EOI. Happily retired now with no regrets.

Transform was just JG reducing center size to match 30% reduction in BUs. It was quite logical really. Engine is the natural next step.

This. The (alleged) need for ENGINE says either the previous reorg was a total failure addressing issues, OR it actually made things worse. Perhaps both.

Haha! No stopping India now! I wonder what happened to all those high flying women who were designing and implementing the re-org.

Exactly right. And no accountability to senior leaders when they sc--w these things up.