Given some of the info that’s trickling out about 2025 layoffs, like the Finance update, did they just straight up lie and set false expectations when they communicated the HQ move timeline? This is wrong on so many levels.
Finance Dept to lay off 60%
Heard from a Houston colleague that 2025 reorg for the finance dept will result in a 60 pct reduction on workforce. Seems crazy high...
Year End Performance Review
First time going through the year end performance review process. How are the different buckets (A&I, GC, BR and DR) defined / ranked? Are the different buckets weighted? If so, how are they weighted? Trying to understand if two exceeds expectations... — read more
Keep spending
So there’s gonna be layoffs, but we’re gonna keep spending money to do our names and give gift cards out for Christmas and people will be out of jobs
Hybrid email?
A few posts here are referencing a hybrid email that was sent but I didn’t receive anything. Care to share who the audience is for the email and who sent it? Thanks!
The way hybrid will be rolled out will not be fair
The program itself is fair, the way that Chevron management will communicate it / roll it out / justify it will not be. They will gaslight everyone into thinking this is a data driven approach when they clearly have seen employee morale is in the... — read more
What happens to EMC?
I can’t imagine a bigger bonfire of money than EMC. Nothing like marking up consulting costs 15% for no value. I hope they’re cut first.
Honestly the new hybrid program is fair
If you are psg 26+ you should be doing the type of collaborative work where M-TH is required. Let the rest of the folks come in three days a week. I say this as a PSG 26 who would prefer wfh personally.
Countdown to End of Hybrid
How much longer do us non LTIP peons have to enjoy hybrid? Or does this mean they’re laying off everyone below 26?
If you thought the terrible news was done for 2024, you’re wrong
More announcements coming
Apply for other jobs
Anyone applying jobs during work hours? Asking for a friend…
Enterprise Wide Reorg
All indicators based on what Mike is saying there will be more layoffs enterprise wide. Didn't he say they weren't going to do that anymore after the layoff to end all layoffs in 2020? Can we trust anyone above our direct supervisor, if that?
Don’t go to the parties..
Skip the holiday parties. Don’t socialize with leaders that don’t care about you and will fire you tomorrow. Don’t feed their egos. It won’t help you in the layoffs.
iT Layoffs
There's a lot of IT comments trickled through each post. Let's keep it in the family. I'll start by saying IT has been a sh1t show since ImagineIT. Our great leaders took everything bad about the old ITC model and created something even worse. Here... — read more
Always be on the lookout for other opportunities
Use the time here to skill up and fatten up your resume. Be always aware of the conditions in the job market. Just be prepared. When layoffs come, you will not be blindsided. If some great or comparable opportunity presents itself along the way, even... — read more
Play by Chevron’s rules
If you're just starting out at Chevron, you need to learn right away that office politics run the show. Forget meritocracy - it’s been out the window for ages. If you want your career to take off, you have to learn the art of playing the game. That’s... — read more
Fix the Real Problem
CVX is a multi-billion dollar company that is run off of siloed excel spreadsheets. These sheets are reinvented every 2 or 3 years as managers and staff are rotated from positions they have just barely started to learn, to positions they don’t know... — read more
That is why RM was fired .... Culture
I really believe MW words about the need to change in culture and I think they are serious about it. Unfortunately, it took too many losses and even fatalities to come to this conclusion. The DEI only helped three categories, white women, black women... — read more
Let's hope the layoffs are smart about reducing senior advisors/directors/talking heads
Everyone can agree we have WAYYY to many PSG 26-27 directors and advisors with no direct reports and extremely fuzzy matrix-style duties. Most can not show they added any business value in any given year but that they gave their two cents on some... — read more
Selection process - Popularity contest?
Man, I’m really wondering if this time they’ll actually factor in education and experience during the selection process. Feels like there are so many so-called 'leaders' out there with zero legit education or real experience, just making mess after... — read more
PMP Questions
I'm newer to Chevron and still learning the ropes. I assume valuable contribution is basically average or meets expectations and, thus, gets people a 3% raise. But how does exceeds expectations affect your raise? Does anyone ever get exceeds in all... — read more
Advice for new applicant
Does the yearly bonus have a merit based component to it? Also, what would be a fair starting salary to ask for an independent contributor engineering role for someone with 9 years experience? Any info would be helpful. My current employer got rid of... — read more
How is the job market
Has anyone seriously started to explore the job market? Appreciate sharing your experiences, type of role you applying/ industry and locations. Also mention current PsG and the type of $$ they are seeing external. How many interviews vs # of... — read more
Please help me understand “The Chevron Paradox”.
I have joined Chevron as mid career almost 2 years ago, and since the very beginning I have been taking mental note of all those (MANY) people that keep emphasizing how hard they work, how understaffed their team is, how the 2020 layoffs decimated... — read more
Why would someone take a pay cut to leave?
A coworker did this and I'm having trouble wrapping my head around it. I enjoy working here. It's decent pay, interesting tasks, and a team that's easy to get along with. Sure, layoffs are often hanging over us, but is that really enough to make... — read more
MIKE SOLD OUT...THEN ANNOUNCE BAD news
In other news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00
New job or wait for EOI?
Expecting a new job offer on the table soon. Pay slightly higher than CVX. Similar benefits, etc. Should I turn it down and wait to cash in that EOI and then look again? Hate leaving the cash on the table…feels like giving them what they... — read more
What's a typical EOI?
if you accept EOI, what is the typical package been historically? And what is you're laid off even if you don't accept EOI?
Ditch DEI
Through out the entire DEI program, save $$$ there and the rest will fix itself!
Impact of MW message
What impact will the upcoming layoff announced have on the CIP? Does anyone think differently about their CIP guesses?
Capital budget cut for 2025
Chevron’s 2025 capital budget is about $2 billion less than its 2024 budget. https://stocks.apple.com/AyY6Kk64bTruuYn8rY1gqew
Why the write down in Q4 if actual layoffs won’t be until sometime in 2025?
There’s no way they actually execute on $700-900 million in layoffs this quarter, so why put it on the books already?
Where are the EOI?
I know it's early but does anyone know where the EOI will be? Mikey said something like "some locations" - I'm guessing US only?
Reset the clock
If you have been in charge for years at any level and now the mantra is a cultural reset surely it is you, dear leader, who is the problem? The bloated org structures, poor processes and lack of direction are not revelations to anyone nor the lack of... — read more
2025 is the year of the Coffee Badge
Can’t wait to what new heights of apathy and complacency we hit in 2025. My boss is already so deeply checked out. And I’m doing only the bare minimum until I found out if I have a gig. Just coasting until k smash that EOI button
ELT needs to be fired now!
Before any layoffs occur the BOD needs to fire MW and all around him. They led us to this place with the constant cost cutting and no vision. The company is finished if the BOD doesn't see that MW and his rotating consultants all saying to layoff... — read more
Strategy is not working
No matter what we do, the street doesn’t care. If cost-cutting and org restructuring is the only tool in the toolbox, the company is heading toward a dead end. Chevron (NYSE:CVX) shares are little changed post-market Thursday after the company said... — read more
Why is it so difficult for leadership to lay out what’s coming?
We actually have lives, we need money to pay the bills, we all have families and other obligations to take care of. Is there a reason why everything is being dragged out like a bad soap opera? We get it, there will be layoffs, so how about they spell... — read more
reflecting on 2024 video from MW on Dec 5
There you have it Layoffs, EOI Merry Christmas!
Big announc mentioned today???
Well today is the day for some kind of big announcement….. I wonder what it will be….?