It's all cost driven, and it's a pretty bad way to do it, especially for IT.
These are the categories, note that the people that we probably want to keep are most likely to leave.
-
Top Performers with High Demand Skills
Profile: Highly skilled employees who have consistently delivered exceptional results and have skills in high demand outside Chevron.
Response:
Start discreetly exploring external opportunities while maintaining performance.
Build and leverage their professional networks to prepare for a smooth transition if needed.
May also consider negotiating retention benefits if their role is critical.
-
Seasoned Employees with Long Tenure
Profile: Employees who have been with Chevron for many years, often in specialized or company-specific roles.
Response:
Rely on their established reputation and internal connections to weather the transition.
May struggle with transitioning to a different industry or company if skills are Chevron-specific.
Some may opt for early retirement or severance packages, depending on their financial situation.
-
Mid-Career Employees with Transferable Skills
Profile: Employees with moderate tenure who possess skills transferable to other industries or companies.
Response:
Actively assess job market opportunities and update resumes and LinkedIn profiles.
Seek professional development to enhance employability.
Likely to be cautious but open to exploring external roles.
-
Early-Career Employees
Profile: Relatively new to Chevron with fewer years of experience but often adaptable and mobile.
Response:
Treat this as an opportunity for growth and potentially a stepping stone to other opportunities.
Likely to be proactive in job searching due to less reliance on Chevron-specific benefits.
-
Underperformers or Those in Non-Critical Roles
Profile: Employees with below-average performance or those whose roles are not critical to the company's core operations.
Response:
Feel the most vulnerable and anxious about the reduction.
May delay action, hoping for an internal transfer or reassignment.
Likely to have a harder time finding external opportunities.
-
Critical Role Holders or Niche Specialists
Profile: Employees in roles deemed critical for Chevron's strategic initiatives or possessing niche expertise.
Response:
Feel relatively secure but might also consider external offers to hedge against future uncertainty.
May leverage their position to negotiate better terms if retained.
-
Employees Near Retirement
Profile: Employees close to retirement age with financial plans already in motion.
Response:
Consider taking severance or early retirement packages.
May view the situation as a natural exit point rather than a threat.
-
Employees with Limited Job Market Options
Profile: Employees in highly specialized roles with limited demand outside Chevron or in locations with fewer job opportunities.
Response:
Likely to experience significant stress and may take proactive steps to upskill or relocate.
May rely heavily on internal redeployment options.
-
Contract or Temporary Workers
Profile: Non-permanent staff who typically have less job security.
Response:
Start looking for new contracts or roles immediately.
Have a higher chance of leaving early as part of natural attrition.