When Dwight Schrute fired Jim and Pam (as a curtesy in the final episode) he offered them a month for every year of service. Even Dunder Mifflin, a company with limitless paper in a paperless world, offers a better severance package. What a joke…
Well, No Work Got Done Today
More people in my group showed up for work today than I have seen in a long time. It was just to catch up on the gossip and try to figure out what the he-l was going on. Talk about confusion. I don't think much work will be going on for the next... — read more
Young Engineers Do Not Come to Chevron
I am old and close to retirement. We have gone through layoffs every 2 years since 2018. As a young talented person, you would be better served at ExxonMobil or BP. They will tell you it's the industry, but our management cannot get it right... — read more
RTO
rumor has it that we will go to 4 days in office starting in June. Can anyone confirm this ? Sounds like there are groups that already switched to 4 days in office.
No mention of health benefits (COBRA) in the new HR site
I'm glad we are getting severance pay. But there is no mention of health insurance benefits. Do you think CVX will pay for this or will this be employee expense? During the last ROM, I heard CVX paid for it. Any feedback is appreciated. Thanks
AEOI No takers
Can't see the point in anyone going for AEOI unless they have another job to jump to sooner. Note to HR: Sweeten the deal with 2.5 weeks per year or guarantee to stay on payroll through June. I think many more would take it if they weren't getting... — read more
The severance pay compensation on Workday has been removed
The Dynamic Calculated severance pay in Workday is no longer available for me to see. Wonder why they removed it.
Fire Americans and hire India s
Considering the hiring going on in India the number of Americans who will be fired starting now is going to be a big number. Also once you train your replacements in India the firing will continue. This isn’t survive one cut. Get ready for annual... — read more
Chances of Chevron IT Horizons employees having EOI approved?
As the title says, I am wondering if anyone has any insight on whether horizon's members are just as likely to be approved for EOI. Generally, horizons employees are thought to be trainable minds that will help shape the company's future. That... — read more
Thank you Chevron
For a couple decades of good pay and benefits, a fat pension, work travel for me and my family, and then cap it all off with a very nice severance package. I was lucky to go to work for this Company, very lucky. Thank you Chevron!
Shale and tight in round 1 selections
Source: supervisor transcribing leadership meeting notes.
If you know where to look MOST of the AEOI info is out.
I'm guessing there will be an email sent to US payroll employees by EOD today. Key points: US Payroll only 2 weeks/yr 52 weeks max AEOI window starts Feb. 28 Last day on payroll as early as 4/21 if approved Time for you kids to go hunting.
Tax withholding strategy for taking EOI
Any tax strategy so that I won’t be withholding too much tax if I take EOI?
Good news…only 6 more months of this
Taking the better part of a year for a reorg, in the name of efficiency, is the most chevron thing I can imagine. Wanna know how I know this is going to fail? This is what leadership thinks efficiency looks like. Meanwhile, morale tanks. Incidents... — read more
EOI for non-US Payroll
Will the accelerated EOI be made available for non-US payroll employees?
Any ideas what happens to LTIP if you eoi
If vesting is still year away
Workday Compensation
Check out compensation under workday. I think everyone should see an estimated severance package.
Severance is out in workday
View profile, compensation tax, severance lump sum Looks like it’s 2 weeks or so per year of service, 1 year cap That is what everyone is saying… mines look inbetween 2-3 weeks per year
Cost savings
Can we fire the CEO and hire an Indian replacement working remotely?
Everyone in CTC is preparing their resume
and share tips with each other on how to up the resume. WOW
Jim Cramer: “Chevron’s (CVX) Dividend Is Rock Solid – I Bless This Investment!”
“Well, boy, that’s a great one. I’ll tell you why. Mike Wirth is just, the CEO, he’s committed to that dividend like no other. They’ve got giant cash flow. It is not a problem. It’s one of the safest dividends I know. I bless that investment.” We... — read more
Complete Chaos at Chevron Today
I woke up this morning to over 500 emails from employees desperately seeking answers about what’s happening and how it will impact them. Many missed our morning briefing, citing stress levels that are off the charts. It feels like the company has... — read more
Culture Club
Who thinks this new reorg will actually change the culture as spruiked at SETH? Or will it be just another PowerPoint fever dream with the same BS issues persisting?
Tips as we prepare to EOI?
Besides the obvious to save money and look for another job, what are you doing to prepare for your exit? I saw a thread discussing 401k. what else? bank vacation or spend it all? benefits? let’s help each other through the inevitable.
I don't want to stay here anymore
I started out dreading these layoffs, but now I’m hoping I’m affected. What happened to the Chevron I joined over a decade ago? The company used to treat its employees with respect, not like we don’t matter at all. Sure, it was never perfect, but it... — read more
What's next. Do we all need to Apply for jobs like 2020 ?
EOI round 1 Selection process Lay off all couldn't find a place EOI round 2 Continuous layoffs through 2026.. this would mainly be wiping off entire team as work moves to Engine
Offshoring jobs to India
Lost in all the articles and discussion on LinkedIn is the fact that Chevron is opening their new India office. Clearly the layoffs are offshoring. Those jobs are moving to India. Just like ExxonMobil has already done and continues to do. Look on... — read more
Accelerated Expression of Interest Window
The S.E.T.H. slide on the coordinated selections stated in February there would be an "accelerated expression of interest window". If I'm taking that phrase at face value it sounds like if you express interested in leaving they'll have an accelerated... — read more
Responsible Leadership
MN is saying to the media that they are being responsible leaders with what they are doing. Responsible leadership would be taking accountability and take pay cuts to save jobs or stepping down completely since the problems are mainly at the top. MW... — read more
For the Shareholders
They called me in, a somber tone, "The numbers dipped, the board has shown That trimming costs will pave the way— Your job, my friend, must go today." I smiled and nodded, shook his hand, "Of course, I truly understand. Could I have worked a little... — read more
Market reaction
Why did stock market not react favorably to the news ?
CVX layoffs, market yawns
Stock market took CVX layoff news as a whimper. So much for ability to move stock price. What are you going to do now MW? Maybe if you and board are taken over by activist investors, the stock might move. Can’t believe we pay you $30M per year to... — read more
Didn’t Chevron move from California to Texas to prevent this?
Supposedly because it’s more “business friendly”.
Asset sales
Where will the asset sales come from
Red light!……green light!….
Let the games begin!
The call to go from good to great is the new SETH 2025 mantra
I read this book… the book also states the company leadership make the company great, starts from the top… I wonder if we people agree that they are great
Is 15% - 20% the largest ever layoff?
In Chevron's history? Long timers, any insights?
15 to 20%?
Does that mean that it's 30-40% in US and Australia? We are growing in India and the Philippines (low cost locations).
CVX
Fu-k Chevron. Greedy ba----ds. Great Job! BTW. You’re fired/laid off…here’s a cowboy hat 🤠 on your way out.