Well today is the day for some kind of big announcement….. I wonder what it will be….?
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New culture = India
Last layoff cycle I had two supervisors illegally ask me why I didn't take the EOI. Just saying to have an answer ready but don't state that you are thinking about it because that will get you laid off whether you want it or not.
There will be web pages and calculators for the EOI when it is available. It will be a lump sum payment of a number like 1, 2 or 3 multiplied by your years of service and one week of your current base salary. There will be an upper limit like 52 weeks pay.
So, if you have 10.5 years as of your last month, a salary of $200,000 and the multiplier is 2. You will get 210.5200,000/52= $80,769.
In the good old days, it was not base pay but total remuneration so the severance could be huge, like 2.5 years base pay.
What an uninspiring leader MW is. Who would follow this joke into battle.
If you decide to EOI, do you find out what the severance will be ahead of it being finalized? What if you EOI, and then find out the severance is nothing special.
If you are opting for EIO, make sure you understand what/if there is a rescind period in case you get "buyer's remorse".
"how EOI works". You volunteer be laid off and recieve the severence. Then you hope that they accept your EOI becasue if they don't you continue on as dead meat walking. Most people get it when they ask.
I’m ready, tell me where to send my EOI to get off this sinking ship
New Culture=no more whining.
I’m a relative Newbie and wasn’t around for the last transformation.. Can someone explain how EOI works and who gets it? Thank you
I am flying high about an EOI!!!
from the Good to Great Book - When BoFA was getting crushed in the 80s, they fired most of their leaders and hired tons from Wells Fargo… during that period, they were called “Bank of the Wells”
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No company has ever successfully changed their culture. The only way is to replace all the staff and start over.
Change in culture = Be like Exxon
No company has ever successfully changed their culture. The only way is to replace all the staff and start over.
Change in culture = no more work from home.
If you wanted to make this all as demoralizing and demotivating as possible, I can’t imagine a better process than this. A year? Be prepared for all performance to plummet
“change of culture “ was mentioned by MW… expecting a big change then if he want a change of culture
Where is EOI mentioned specificially? This could very well make my year!
Gotta drag it out …. This probably take till what 3rd qtr next year?
MW video and pdf for year end message is now available… EOI is available for severance
Inside home -> news & media -> corporate -> reflecting on 2024 and looking ahead at 2025
It's on inside Chevron. Look for MKW end of year message. Read the transcript to save yourself having to watch the whole video, much faster.
Another nothing burger. Back to work…
Where is it posted?
JFC these clowns are making this as painful as possible. Sometime in the first quarter they’ll let us know of the concept of the plan, and then another year of nonsense. Do they have any idea what’s going to happen to productivity? Morale?
Well that was a whole lotta nothing. Everyone knew layoffs were coming…
MK video is out.
The suspense is ki-ling me! What could it possibly be?
Confirmed. My boss just informed me to attend a meeting shortly as an announcement is coming…
Check SEC insider filings for December 4…any clues there?
Can you imagine been laid to walk away from this sinking ship? I sure can…
Do tell…
Ouch…
Not to worry guys it’s happening today. Mark told the leakers/leaders to keep their mouth shut on the call so theyre being shy. Boomers will rejoice as you’re getting EOI.
The boy cried wolf again
Press release page on the public cvx website is “undergoing maintenance”
Don't turn up or log in to their townhalls. Don't go to Xmas parties. They hate being ignored!
@tdk…It’s almost like they want to pi-s people off!
Oh, wait, nevermind I was wrong about the announcement. They changed their mind. Maybe next year or the year after. Sorry!
and that too mid strength ABU XMAS Party ruined