#reorg

Everything with WI is re-orging. I heard first week in May it’s announcing and paired with a RIF. Mostly affecting squad and chapter leaders.
OP: @b3+1kpv2g06d

what’s maryann talkin bout?? we’re making massive profits off of the war, i’d assume the company would be flush with cash. any layoffs or reorgs coming?

I've only seen the Q numbers. Was there any mention of cuts or reorg?

I’m excited to provide my kids visibility to the wonderful life of being a Vteamer today! They are also honored and humbled to attend. We have been going through post it notes as a family to train them for today with key critical learnings. These include inquiring about the power of convergence, setting the foundation, playing to win, JOMO, and of course harnessing AI. They also know not to ask about building closures, layoffs, offshoring American jobs, reorgs, aol, yahoo, blue jeans, Verizon global services, plus play and more. I can’t wait to follow up, circle back and close the loop to hear about their day. Proud to be vz. Let’s go team!!!!

How is this BU?

I'm in brokerage, and received offer to move asset management.

Does it also have constant reorg?

According to multiple sources here in NC, there could be a major reorganization involving GCL, SL, and Architect roles across all the BUs (Starting with wealth and brokerage) . GCLs are largely viewed as paper pushers with no real value, and many G-8 SLs could be pushed down to G7. Architects are seen as another set of dinosaurs from a bygone era , they may soon become extinct as well.SLs in the platfrom squads will be axed or pushed to G7-6 individual contributors

For everyone stressing about losing your job, stop worrying and start planning.

When the Marcus massacre hit in August of 2022, I knew we were entering a new era. Right then I made peace with the fact that none of us were safe. I went into uber saving mode, paid off as much debt as possible, didn’t make any large purchases like cars or houses. I just saved!

Fast forward almost 4 years, I survived countless “reorgs” , staff reductions, etc. watched lots of friends and coworkers leave for no good reason. My luck ran out and I was RIFd a couple months ago. I’ve taken the time off and relaxed, it took a couple weeks for it to really sink in. But once I had purged the toxicity of that place and could see it for what it really was, I was happy.

I drive my kids to school every morning, work out every morning, drink coffee and read or listen to music. I spend an hour or so looking at job opportunities. And also thinking about going back to school because why not.

Don’t stress, just make peace that you’re going to get hit eventually. Save, Save, & save and be prepared.

Any idea how many and which teams are impacted? They reorgd our entire engineering teams and i heard massive layoffs are coming on 30th and again next month, with 4 rounds planned as contact center is generating dozens of millions of overhead losses each year and on top of the list for 2026 cost reduction. Our VP jumped ships leaving us in a deep mess, TBH he was an a--hole and a nasty red neck type snake with a foul mouth. All Sr directors and above have been asked to provide a list and their bonus will be determined by the cost savings and offshore ratio they can show. My wife is close to a Sr director even he doesn't know how many but provided a vague explanation while asking her to compile a list

Not that I have faith we’ll see the results, but if we did, I wonder what the majority of responses would show. Are most people unhappy? Is it just certain functions? I don’t feel like anyone I talk to is satisfied with where this reorg has taken us but that’s such a small sample of the larger CVX population.

If so, when? Confused after some recent announcements. Specifically upstream.

rumblings that major organization activity will commmence this week

A few weeks ago someone posted a rumor about an upcoming reorg in New England and OPW. Can we get an update?

So many positions are getting filled - a bunch of people will not be in their current jobs (backfill already announced) …where are they going. Part of the new org ?

You are so easy to spot... 20+ years in. Has seen every reorg... Uses "back in the day" all the time.. Defend pensions. And institutional memory. Oh, yeah, let's attack consultants and outsiders... And... Always disgusted but not never ever surprised at all.

Any news on the gigantic CCB reorganization? When is it going to be over? What are the goals?

Hearing credible rumors from multiple sources this week that YL has set a target for functional cost to be cut 50% by 2030 from 2026 levels. Meaning all current reorgs are only a stepping stone cost cutting measure to be followed up in 2028/2029 with another round equally as deep. Please share what you know. promoted this year, feeling a bit vulnerable now.

Affecting ATS, Business, Ops

New Center of Excellence being created under Sabrina Sanders’ Org to standardize data collection

What are your thoughts on this ?
Odd? Very fitting given the rising impact of AI on employee productivity? Other ?

In my region Sr. Leaders have started to move some favored Midline Managers into new “special” roles. This always happens at BP right before a big reorg, so Sr. Leaders can save their favorites from being let go. Any one else see this occur in there region? It seems like Meg has some people SHOOK.

Been hearing rumors of a reorg that might affect infosec. Any merit to this rumor?

There are rumors that there will be major reorg announcements tomorrow (Wednesday) and Thursday for the businesses and some back office positions. Not sure if any layoffs are included in these announcements but stay tuned.

There is a significant concern across the teams regarding the lack of bottom-up input in this new structure. From the conversations I’m having, there is near-zero buy-in because the workload and structure don't seem to reflect our operational reality. How does leadership plan to address the fact that the people expected to execute this plan believe it is fundamentally set up for failure?

Assuming a big piece of reduction in numbers will be associated with Anadarko sale, where else will get hit? What’s the final number?
What’s OVV going to look like

2nd quarter
Finalized in April, announced in May?

What are you hearing?

One week away from reorg. Attitudes and employee effectiveness are in the dirt in Permian OPs. How’s everyone else functioning?

Ready or not, it's that's time again.

Heard Privacy moving to Compliance. Anyone else hear anything?

So why is store for the ones who stay after Early Retirement fold leave. The big reorganization for the ONE HP. Anyone hearing how the new reorg is structured and is it successful in Canada?

Lots of rumors swirling about this, anyone have details?

Based in Europe in the Product org. We were told this week that by July 1st they will have the reorg pretty much done and seems like layoffs are coming due to the TAM.
What's other orgs hearing and what region are you in?

Audacy has begun a new round of layoffs across its radio operations. The company is also implementing a new regional leadership structure. This new structure replaces traditional Market Managers with Regional Presidents and Vice Presidents. CEO Kelli Turner stated the changes aim to scale opportunities and drive revenue growth. Several employees across multiple cities have been affected by these organizational shifts.

https://barrettmedia.com/2026/04/01/audacy-begins-round-of-layoffs/

Expect onshore, both FTE and Consultant, reductions now through June. Many TCS resources will be exchanged for MGCC employees. FTEs will be reduced through team consolidations. You will start to see movement soon.

Sounds like years in the making.

What does this mean in terms of greater company structure? Spinoff? Reorg? More jobs offshored?

More to come, anyone heard anything? We need more politicians to help us all.

What areas? Who is gone? I'm hearing it is huge.

Since three reorgs ago. Oh well, not that I care if any work is being done.

Anyone remember this!
Looks like they were pretty spot on, just delayed due to COVID.

Giving you a heads up
Sept 1-most Prof/Tech and Para's will start re-entering the building. Leadership will have been transitioning into the buildings starting July 12. Now leaders can meet in person to discuss the following!

November - TMs will start meeting with employees to discuss the new Future State Operating models- Fire re-org, HRU, Stewardship, Prox....Team Lead structure U/W, Auto/FIre, a lot less TM's-only in the specialized areas, no ratings for employees, like TMs are today, with just a percentage/EIP. Levels of leadership will start getting cut and there will be more targeted transitions for tenured TMs, SMs, and CMs. Most CMs and SMs jobs are gone. AFS and Sales Leaders jobs are basically going away too. Korn Ferry will be utilized to determine who stays and go! Estimatics is done and so are most of Prox-outsourced to third party vendors-transition plans will be offered or more reassignments.
January 1, 2022- Pension buy-out offers are coming and employees will get heads up. Take it, trust me! There will be some decent incentives, bridging, time service etc...will be your last chance. Will be tied to staying around a certain period of time depending on local/Hub/LOC/job function/level. Agents will start all selling Gainsco ins too!

What's left-over-2nd Quarter 2022 LOC will find out their final faiths-depend on how quickly they can be replaced in hub cities/need. Also job class changes coming for U/W and Claims across all levels. No more $90K Auto/Fire Underwriters or Claim Reps in Prop-Complex and/or TM's for $130K a year to clear task, review a letter or review a file! TL will handle for $50-$60! CCC consolidation etc....

3rd Quarter 2022- 100 years now and changes to agency contract. More bots to automate away a lot of easy claims functions and U/W is going to start getting a lot more automation-ST to ST transfers, all added cars, all new business, automation of RAS/non-renewals and sunsetting the error based processing system. Target number of 40,000 employees by end of 2022, down from our current 57,500 approx. today! 25% reduction overall, target has been around 10% a year give or take a few percentages/turnover.

Pucker up ladies, gents, transitioning....!!!! It's amazing what things are left unprotected on SharePoints sites if you know where to look! You haven't seen sh-t yet!

I can't keep track of who I report to anymore or what I'm supposed to be working on. Projects constantly get started and then abandoned mid stream. Can somebody explain to me how this complete chaos benefits anybody, including Nike?

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