Thread regarding Chevron Corp. layoffs

Yes Indeed. Agree with 5bsy. We're past due for some in depth cutting of the "deadwood" building up around here.

Seems to be a lot of name-calling on here which suggests low maturity levels and poor education.

Actually, “cost cutting” as you so derisively refer to it, is one of the most effective strategies in all of business. Done effectively it can boost profits and focus the staff on value. If you don’t know how you are adding value to the bottom line every day, well, you probably are not!

What we did to the poor nations? No other nation comes close to the us in monetary donations to poorer countries in the world.

The "usa" is disappearing. you need to pay for everything you did to the poor nations. THE END of the so-called "usa". CIVIL WAR.

@4nkm, keep turning down all those job offers. Go ahead and show Wendy’s, Burger King, McDonalds and Whataburger you are are too for them. But be advised you are burning your bridges and running out of opportunities. When Popeyes or Chick-fil-A comes a knocking, don’t be so quick to turn them down so quickly. Listen to what they have to offer first. Shmuck!

This was extracted from another thread where younger employees are recommending anyone over 40 be laid off to make way for younger employees.

Who only has a 15 year career?

Mr. or Ms. Hiring Manager, are you actually a real oil exploration manager, or just another HR admin person who knows nothing about geology, geophysics, petro-physics, drilling exploration/development and all of the rest. Also, how many older (55+) highly knowledgeable and experienced people have you hired this year out of all of the hiring for this year?

Forgot to mention that the banking system that barely survived 2008 didn’t this next time. The massive home loan defaults will make banks the largest owner of real estate that nobody wants or cannot afford.

Let’s extrapolate a bit further. New hires know they have a 15 year career. Most want to own a home but most don’t have a down payment right out of school. But let’s say they are frugal and can in a year or two. A 15 year mortgage is the ideal choice. But these are low paid new hires. What kind of house is really practical knowing that it needs to be paid off by age 40? Nobody will want a half million or million dollar home because a) they can’t afford it and b) they will have no income later to pay the property taxes. There will be a boom in low cost housing while the expensive homes will sit empty. Another housing crisis. Entire middle class neighborhoods will progressively sit empty. Maybe there is some money in the 401K but they can’t touch it for 20 years. With only a 15 year career, the pension won’t be that much even if they are lucky enough to have a pension. Let’s assume they had kids early on. That would make them about ready to graduate high school. Kids are expensive at that age. But whatever money was saved has to last 20 years until the 401K can be touched and social security can be tapped. Really the smart solution is to not have kids. People will drive their cars until they fall apart. New car sales will plummet. Car makers and all their supporting infrastructure will go out of business. That just gave me an idea. I think we can agree that the US infrastructure is in disrepair with no money to fix it. Well do the same thing as Roosevelt did with the New Deal. Put all those laid off people to work to repair that infrastructure that the New Deal built. It is a win-win. Infrastructure is repaired and us old people can at least eat.

I'm a hiring manager, and I quite assure you, I have very much been down that road.

AZC, you have not been down that road. For every one job opening that would hire a highly qualified person over 55-60, there are dozens, if not more, highly qualified applicants. So the basic problem remains the same.

The best part about this is the years Chevron spent whining about not being able to find experience, skills or people when the market was high and demand was there.

Then they do this the first chance they get without any thought at all.

If you can't sell employ your skills in a trade, by definition, it is not marketable. You are ironically one of the people confusing credentials with marketable skills @ott

@ott is spot on. Succinct and accurate.

Marketable skills mean very little beyond a certain age and salary. It is all a cost/benefit analysis. Many, but not all, of the younger employees will learn this harsh reality the hard way.

This is what happens when people confuse credentials with marketable skills.