Where do you see the main impact, how about morale and productivity
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Post from TheLayoff.com
The old fuddy duddy's built this f'n company. They carried this company when it was an O&G company, long before it became IT/Corporate company. Back when Operations, drilling and exploration were the main drivers of this company, and HR/IT were "Operations" support.
Before FE infiltrated the operations rank and made the non-degreed talent, the ones who knew how to get sht done, obsolete. Long before HES (operations dropouts) dictated operations plans...thos fuddy duddy's were getting sht and production done.
In the past, staffing levels were cyclic, closely tied to the price of oil at any given time. Now we're seeing the ominous sign (besides ENGINE) that rises in oil prices are not resulting in any hiring binges. This is the beginning of the end, guys.
When the contractors are lined up in front of the firing scuad, it is the warm-up for the employee layhoff. It is never good form to be paying contractors genrous daily rates while sacking long time employees.
Of the contractors already notified…in which BU are you?
i see the upcoming layoffs as a form of euthanasia—a merciful end to a situation that has no real chance of recovery
I am also a contractor and have been notified but fortunately have something else lined up. Good luck to all of you guys. I think this is a great group and would be happy to do more work with yall some day.
I’m a contractor and have already been notified
I guess basic communication and spelling will NOT be a prerequisite for those who "think" they will be sticking around...
I would say layoffs are good for moral for several reason. First, you get rid of the old fuddy-duds who take the EOI and shuffle off into the sunset and stop complaining about changes at the company. Second, you get rid of the loudmouths, layabouts and idjiots who make life at work misrable - they get fired. Third, with fewer people the oporrtunities for those of us who stick around (I will be one!) will be much greater so advancement will accelerate. Fourth, layoffs improve our OC and finantial strength so the company does better. All in all, a great list of pluses I would say.
My prediction is a 30%-40% head count reduction for the U.S. workforce. It's going to be devastating for so many I fear.
Morale is already not great and will get worse. We barely dipped our toes into the process.
Yes, productivity could go down indeed. People's attention will be divided between work and worry.
Do we have to worry about layoffs even more now that the Orange Cheetoh is commander in chief?
I’m frightened, Jeffrey.
Hold me.
It already has impacted the morale. 2024 has been a very strategic year. Selling Chevron Park and moving the remaining employees to new location in a leased building they spent $20M on for a 5 year lease. Two months into new location MW announced HQ move to Houston 5 months later. Knowing you got lied to doesn’t do much for morality. Since severance is not on the table for many the productivity is not expected to be very high. Not giving severance is not the way to go. They would get more out of the workers letting them go with severance. We deserve that. Most impacted are working on resumes and trying to enjoy the rest of the year. I don’t think management expects much and hopes people will leave on their own. Attendance seems to be the most important metric these days. I expect it to get worse starting in 2025.