Oh what a Thursday it will be, what group will be hit next. It looks like they took out some big names today.
If you haven’t heard layoffs have started.
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If our managers could think beyond the next quarter we wouldn’t have this every year.
PSX is just doing what we did post split. They are moving to where we already are on cloud technology. And their layoffs are supposed to be even bigger than ours next week.
Bartlesville IT has been protected through all of the downturn. They continue to hire 50 to 100 new college hires every year.
The company has sold Canada and San Juan assets that were big customers of Bartlesville IT and yet they continue to hire.
Houston and the rest of the company have taken big hits but IT continues to be a sacred cow.
Phillips 66 CEO announced that they are moving to the cloud technology to be a more efficient company.
Our CIO seems to more concerned with saving his empire. ( Scooter Store Syndrome )
Thinks that make you go hhhmmmmm…
Shut down Bartlesville and post the jobs in Houston. If you think morale is bad in Houston you need to go to Bartlesville and experience the morale. Anyone that still owns a house in Bville has made a mistake. This has been coming for a long time.
Another Friday going home, wondering who will have a job Monday, and who won’t. The need for consolidation and cuts was obvious 3, yes, even 5 years ago, this yearly cutting is a horrific lack of leadership.
Has anything being said about Bartlesville? Good luck !
And yet, as always, we step over a dollar to pick up a penny. Cutting experience, people who can keep the newb’s from spending capex on the wrong thing, doesn’t help at all.
Yes but everyone acknowledges that COP is top heavy with too many managers/supervisors and layers for our smaller size. Pruning at the top and restructuring is desperately needed or else all of the branches (empires) will just continue to grow out of control like they always do.
@xwf - you are 100% correct... payroll cost is insignificant compared to capital or Opex. Especially true when comparing to the capital requirement needed to fund the multiple unconventional drilling programs in the US.
@npp you don’t understand that reduces costs significantly. But wait the payroll cost is insignificant compared to capital or Opex.
Here we go again. Push out experience above 40 and replace with college grads. What could go wrong?
Definitively one less loser left employed at this company!
Don’t worry, Lower 48 is next on the chopping block.
Tub. B.B. new. Ja. Gonzo. Technology
What are you talking about ? How many ? Where ?
Has it only been in technology so far?
ECO is go
Subsurface RIP