Topics regarding layoffs at Chevron Corp.

Topics regarding layoffs at Chevron Corp.

Never thought I'd live to witness this mess!

With the negative oil prices, I fear that one day soon, payday will become payment(due)day, the paycheck will become a bill, and direct deposit will become auto-payment/debit. Between COVID, the oil prices crashing to below zero, food shortage... — read more 

WTI for June

WTI June delivery is $22.62/barrel. Contract technicalities are causing this unusual price collapse to minus $36/barrel. We will all see how the price settles out later this week. The summer driving season is shot and storage capacity will soon be... — read more 

by
| 1160 views | | 1 reply (April 20, 2020)
Post ID: @OP+14z4BWnc

The Unthinkable Has Happened

WTI is now well below $2.00/barrel, at $1.28. This is beyond comprehension how it could go down over 90% in one day. Those layoff numbers might just get revised upwards. More borrowing to pay the ever increasing dividend on ever shrinking profits.

WTI Under $10

WTI is now at $8.03/barrel, down 56%. Well at least you will have 80 cents/gallon gas after you get laid off.

by
| 460 views | | 1 reply (April 20, 2020)
Post ID: @OP+14zHhtxt

WTI Price

Down to $14.09/barrel as I write this.

How long to get my money?

So let’s say I get kicked off the island this fall (which is quite possible), how long should I expect it to take for me to get my severance and lump sum pension in hand. Can anyone from previous layoffs comment on the termination process and timing? — read more 

Accelerated EOI timeline

April 21announcement Apr 21-May 8 EOI submittal period May 11-22 EOI reviewed May 26-28 notification of decision May 29-Jul 10 redeployment Jul 10 Last day on payroll If you don't choose to participate you will have another opportunity during... — read more 

technical workers always getting left behind

i've been at cvx for over ten years through three business units and it's all the same. cvx is a company of managers managing managers. promotions are handed out to those who talk the talk, make fancy presentations, and are motivated only with... — read more 

EOIs next week

Accelerated EOIs coming next week. You can either take it now or wait on the original schedule.

Back Door Bailout?

Heard on the radio this afternoon that the Trump administration is considering paying oil companies to not pump oil. There are many poor/incompetent managed weak companies that need to be culled from the industry herd. The oil biz has always been... — read more 

Here We Go Again

WTI futures back below $20 at $19.52/barrel. Get ready for $16 or lower. Face it, this coronavirus sheet will be with us for a while. Maybe a solid vaccine next year. The whole situation stinks.

2020 Performance Management

Is anyone else having a problem with many vague directions for goals in 2020? Have they changed numerous times already this year? It seems like supervisors, at least in my chain, are scrambling to look like they are doing something in this... — read more 

CVX stock price

Wild ride! Given the 'bench strength' on this site, I imagine some of you made out like bandits. I mean who didn't pick up some stock in the mid 50's?! I sure did......

Transformation (????) Announcements this week

It was interesting to see that of the new 13 direct reports to Joe Geagea- 12 where incumbents??? And many got big promotions to PSG 41- with minor job scopes. How is this transformational? Is this what we need to win in any environment? Any... — read more 

Org split

I heard from folks in MCBU that they split up the org within factory recently, and doubled the supervisor positions while keep individual contributors flat. They are in trouble now with the low activities.

April used to be important date

In order to qualify for 25% CIP, a large number of employees would retire in early April each year. Has that NOT happened in 2020 because folks are awaiting a severance bonus? stay safe & healthy out there CVX

EOI

Has anyone actually seen or received an expression of interest email? If so, details please.

Anyone Seen The Pioneer Boxes?

The dreaded white boxes with red lettering could show up at anytime on any floor in any building. Where will they be seen first?

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| 2490 views | | 6 replies (last April 8, 2020)
Post ID: @OP+14lmUqyl

Reality and path forward

10 million is the current unemployment number only after 2 weeks Oil is and will be under $30 for good 3 months time at least The economy is clearly in trouble, many can not.pay rent/mortgage that will spill into banks and financial market in the... — read more 

Guesses on layoffs?

I am curious what people's though are on the number of layoffs that will occur and the date corporate will be back from working from home after the COVID-19 crisis. Example: 3000 June 1

GOMBU Donezo

I've said it before, and I'll say it again: GOMBU is donezo. To the remaining few that survived the ROM with their heads high and holier than thou attitude, good luck to you. Let the Hunger Games begin. But, look on the bright side; the toxic work... — read more 

Who else is in the same boat?

I've always had a backup plan in an unlikely (at least until now unlikely) case I get laid off. But with the situation the way it is right now, my entire backup plan was shot to hell. And now there is a real chance I might not have a job sometime... — read more 

Commodity Futures for Monday

I checked Bloomberg futures and as I write this, WTI is down $1.12 (5.21%) to $20.29/barrel. The part I do not understand is RBOB (gasoline) is down $3.15 (5.49%) to $54.22 USd/gallon. What does that mean? Does not make sense to me. Anyway, natural... — read more 

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| 1490 views | | 7 replies (last April 8, 2020)
Post ID: @OP+14d4UJ0w

I got caught

with a boat load of CVX stock. What should I do?

Supply Chain and Procurement

SCM/P organization is extremely fat. All levels of SCM/P leadership have increased headcount with hefty pay grades. Very few positions provide value to the bottom line. The lack of engagement and understanding at the leadership levels have allowed... — read more 

ABU Redundancies

I heard a rumour that redundancies/ severances for the ABU are being brought forward from October to July 2020. Can anybody confirm?

Lack of Transparancy on Lay-off - This is not Chevron Way

All employees are in complete suspense except for those who know that they are favorites and are safe in any scenario. The Chevron LT needs to provide details so that the impacted employees can begin planning "life after Chevron".

Chevron - relocation then laid off

I was awarded a position in the off cycle jobs but would hate to move my family and get laid off in 3 months at a new location when the cuts come through. Does Chevron provide a relocation package back to where you moved from if you are laid off... — read more 

TCO Status

Has FGP been shuttered due to Pandemic and Russia/SA glutting the world market? Run by National Stafff? Expat staff repatriated? How about Base Business and expat staffing?

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