Headcount reduction of 15% through asset sales and layoffs. Stock buybacks through this year as the stock price drops below $109/share to keep the price above $110 and reduce dividend expense. Dividends per share will increase $0.01 to retain dividend aristocrat status and support stock price. Oil demand slowdown in fourth quarter will lead to decrease in stock price, layoff and asset sales announcements will boost stock price to offset drop in demand. Watch stock price jump as other companies announce layoffs. 2023 will be a game of musical chairs where there are 20 people any only 17 chairs resulting in 3 being kicked off the island. Those who “worked from home” will be the first to go since they proved they were not needed and would not be willing to take on additional work as is the case after a layoff. For stockholders, 2023 will be another good year, for employees, not so good.
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This year will be product solutions implemented. That means the chemical and refining business combined with 1/2 the managers.
@2bwg+1kQKsfiP If you’ve been with the company for decades are still in the same rank group as a new hire there is a problem and you probably should be PIPd
Stop packing our headcount with new hires.
New hires driving PIP numbers high each year.
Hire a completely ignorant kid then PIP the 25 year employee, save money but all those little million dollar mistake/learning experiences by new hires add up and HR never considers that.
Are they PIPing 15% this year?? F----me some more!!!
OP, please stop drinking tequila on an empty stomach. It makes you write stoopid things.
Their goal is to make money no matter the cost...probably even if it was human life. They don't care...$$$$$
I've been working from home pretty much every day since Jun 2020.
I was ranked outstanding two years in a row.
The thing is, it is not how much or where you work, but how Smart you work.
You obviously believe that commuting every day and showing you face to your supervisor is correlated with good performance. Evidently you are not doing it Smart.
I would say that you deserve to be piped, EM need smarts, not zombies.
“Those who “worked from home” will be the first to go since they proved they were not needed and would not be willing to take on additional work as is the case after a layoff.”
Oh bring it on. I’m ready!
What consulting company do you work for? BCG? McKinsey?