Well looks like they officially announced layoffs per EB’s sneaky verbiage in the video. And so it begins……

"In a significant gesture, CEO Makoto Uchida has agreed to cut his monthly pay in half." https://www.autoblog.com/news/nissan-cuts-9000-jobs-slashes-ceos-pay-amid-struggling-sales#comments How much would cvx save if executive pay was cut? I was... — read more 

Just imagine how much money that would save us.

A simpler idea we could copy from CEOs in the tech sector (simpler than Agile!): “Amazon CEO Andy Jassy hates bureaucracy so much he’s planning to increase the ratio of employees to manages”. Everyone off a direct line of sight from Sr. Management to... — read more 

Thoughts on LC?

Is there going to be any reorg or Chevron layoffs? Any chatter, news or rumors?

Pay is not bad. My team is actually very good with some exceptionally competent people, who are neither arrogant nor unwilling to assist and pass on skills and knowledge. But the culture has been increasingly toxic due to layoffs and offshoring... — read more 

Save the date

What documentation should we all be collecting to protect ourselves?

https://finance.yahoo.com/news/chevron-sent-record-7-7-094200506.html Chevron richly rewards its shareholders.

Are we in the calm before The Email hits? What’s in the rumor mill?

Where do you see the main impact, how about morale and productivity

I’m currently with another company, and I want to change jobs. Chevron is one the options on the table. Not much of an improvement compared to my current job in terms of pay, but I figured it’s time for change. What’s the culture? Work-life balance?... — read more 

Is chevron Going to close more biodiesel plants across the country?

We just finished a meeting about the ways that ENGINE and the Land department can collaborate. At least one land liaison to be placed in India with posting coming before year end. It’s starting…

cvx roughly made $14.43 billion net profit this year. Interest rate reductions are expected. Leadership still wants to perform massive layoffs. Mergers result in less jobs, less choices, and higher prices. Mergers need rejected. Can't compete... — read more 

Writing has been on the wall for quite a while. Engine, restructuring, more offshoring on the side. I expect a lot of layoffs to come our way, and I don’t want to be here when sh-t hits the fan. I think it will be worse than ever before, and it will... — read more 

She confirmed layoffs are coming, and the details will be released in the next few months.

If you’re still holding onto the idea that CVX leadership has your best interest at heart, it’s time to let that go. And it's not just here. No matter the company, it’s all the same. The harder you work, you keep making someone else richer. The truth... — read more 

Guys I do not want tk rant but I want to have this thread tk help each other on navigating the change. We all know our offers are confidential and this is the only place that we can seek advice from others nnoynmously. We know we can ask lawyer... — read more 

The PDC for FE and OPs is over. What a joke! People being put in the wrong job (being shortlisted for jobs they are not qualified for while not being shorlisted for jobs which they are). There are more must moves & priority moves than there are... — read more 

In theory any of our jobs can be offshored but some are less likely than others. What sorts of rolls should I be looking to move into to be safer? I'm guessing field operations, managemant support, and HR. Other thoughts?

Given that it takes 2ish years to judge the success of a reorg, and that it probably takes 18 months to plan something like Engine - the failure of the 2020 reorgs must’ve been immediately recognized at high levels. But what I find myself wondering... — read more 

Chevron Corp. indicated potential U.S. job cuts as part of a new cost-cutting plan. The $3 billion in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, Chief Executive Officer Mike Wirth... — read more 

How did she do? Anyone watched her?

Seen it in Exxon, when the CEO says structural, he means layoffs. That’s the code word in us analyst community. He needs to show reduction like Exxon did. Exxon went from 74000 employees to 62000, and also grew in cheap countries by 5000. That’s... — read more 

For all of you saying that there was goin to be an email today, there’s nothing to change status quo.

Earnings beat, return 7.7B to shareholders, 2-3B cost reduction target by 2026. https://www.cnbc.com/amp/2024/11/01/chevron-cvx-earnings-q3-2024.html

I read so much ranting here. I joined CBU 2 years ago and I an glad that I get an offer with CNRL. I work hard and I know they will keep me. I am relatively young and a career is much more beneficial than a package for me. I know many people wanted a... — read more 

So.. AI tools can now compare the commentary writing style with your writing style at work and give a fairly close idea who is spending way too much time on this site.. posts which are unrelated to layoffs but on layoff site here for... — read more 

XM will sell Vaca Muerta and dump Argentina. When will we wise up? We have less production there than Canada, which we just sold. Hello?

Shell is up first blowing estimates out of the water with $6 billion earnings, more buybacks, free cashflow of $31B, etc all on lower crude prices. Shares surged. Outstanding.

https://www.yahoo.com/finance/news/chevron-ceo-under-pressure-halt-100832897.html

I'm not sure if I did something wrong or if he knows something about the future (that I'm being laid off, for example) and can't face me. He's a good guy and we usually have a good working relationship, so this has me worried. I tried talking to him... — read more 

I left Bpx about 8 months ago to come here. Despite all of the inadequacies at Chevron the opportunity for career growth is way better and the assets are healthier. Bp has invested in pi-s poor returns and a small select few get opportunities at Bpx... — read more 

I’m shocked by how many unproductive people are in my small organization. Some lack the necessary skills but continue to collect a paycheck simply because the company is too lenient. I’m skeptical about layoffs and whether the system can... — read more 

From the point of view from average employee our ELT seem out of touch, callous towards the work force, clueless about their actions and how it's hurt the company and down right deceitful with lack of transparency. For those of you work with them... — read more 

https://www.southwestairlinesinvestorrelations.com/news-and-events/news-releases/2024/10-24-2024-120143652

I was just told by someone who would probably know that technical writers are going to be replaced with ENGINE employees. Imagine being stupid enough to think that could possibly work out well. Chevron leadership is full of id--ts. McKinsey or... — read more