Thread regarding Chevron Corp. layoffs

Fake news.

San Ramon Chevron Layoff Meeting today - Heads up! San Ramon Execs had a meeting today in regards to layoffs in the San Ramon office. Has to do with recent oil prices plunging to $20 soon as stated by Goldman Sachs warning to all investors. Looks like head count reduction is on the way in Chevron San Ramon. Also the Coronavirus is hurting the oil industry...

Yea, I was thinking the same thing. I don't wish that on anyone but I think it's pretty obvious when people start random false rumors. Does anyone actually believe these random, non-specific vague posts? I've been hearing stuff like this for years, every year. I think these scandal and tragedy junkies need to get a life.

What ever happened to all of the layoffs that were supposed to happen last year? Did I miss them? Any more predictions? How about this year? I can't wait. chop chop!

What does December 2020 have to do with the OP's topic, "Layoffs before the end of 2019"?

To all the down voters, come back in December 2020 and share your wisdom on how things turned out. The year ahead will test many.

Watch the latest video, conversations with Joe Geagea. The result of the overall Upstream Evolution will include reductions in headcount. Executives are very practiced with saying hard to hear things using subtle terms not to scare the masses. However in this recent video he clearly states: you've been warned. My guess is that Joe will likely retire shortly after this reorganization event with a nice bonus for his leadership of the reorg effort and being the face who communicates the hard truth.

Change is coming, don’t kid yourself. By 2nd quarter of 2020, the first wave of layoffs will begin. It will slowly continue the remainder of 2020 and maybe into 2021. Save your money and pay down debts. Live within your means is my best advice. Don’t spend the bonus money you will get in February.

Sounds like your neighbor doesn’t know much, nor do you, nor Goldman Sachs.

Emergency CNAEP townhall on Dec 4 after several "transformation" announcements from various leaders.

Don’t be ridiculous, @qjdn.

You could lay off everyone in San Ramon tomorrow and I doubt it would have any effect on the housing market. The area is booming.

Yeah, I would start stocking up on all those Psychiatric Medications before you get laid off. All the Psychiatrist said that their largest clientele in this county is actually from Chevron. Sounds like a pressure cooker in there.

My spouse is a Real Estate Broker in San Ramon / Danville area, she said there has been an uptick in homes listing for sale from executives in San Ramon and Danville area. Some are requesting to "Not" have a For Sale sign in front of their homes, but list it quietly in the MLS listing. Sounds like the Ship Officers are starting to abandon ship.

“will the cutbacks be company-wide?”... yes, but not corporate wide

If layoffs become a reality for the company, will the cutbacks be company-wide?

The company is queuing up the songs list to play during their end of year musical chairs game once again. Get ready.

This is when I usually turn my year round brown nosing campaign into a full blown round the clock butt kissing and car washing PMP stretch goals into reality. Never fails.

Yeah we heard that it was confirmed today by the CEO and it's now authorized. Good luck everybody :(

Take your own advise, flvj.

At some point you need to move on from the pain of being laid off. Stop reading sites like this!

I’m so glad I retired from Chevron. I was prepared financially for retirement as far back as 2012, but it took getting laid off in 2016 to finally get out. Thanks, Chevron for the 1 year severance check on exit and 6 months of unemployment benefits too. Since I left the company, my friends and colleagues who remained behind keeping telling me of the constant hell the company is causing them. Most everything is going downhill. Management won’t lead and the Executives are destroying moral throughout the company.

Well let's make sure that Tesla is closed to being paid off, or sell it quick. And hopefully you have enough money to cover that mortgage payment. If you are going on any major Vacations for Thanksgiving or Christmas. I would cancel those trips, save the money in the bank and just hang out at McDonalds Playland or Chuckee Cheese for this Q4.

Well I certainly hope that they offer me a package. I am in one of those departments that you mentioned. A package will be a Godsend for me at this point. good luck to all!

From what we are hearing, it's actually more of an efficiency forced attrition consolidation for Chevron San Ramon, and a handful of positions will be eliminated (few hundred 300-400) probably not even a mass layoff at those numbers. Some of the departments are being merged and consolidated with other facilities and made redundant. There are just too many High Level to Mid Level managers at this time. There are instances of some divisions where an individual is reporting directly to 2 different managers. I believe the CEO want's to see that inefficiency eliminated as well, and certain business units are overlapping in their functionality with other cheaper areas in the country. San Ramon in general is getting to expensive pay the workers, that's why the CEO wants the executives to formulate a plan to increase business efficiency and reduce operation / human costs to maximize profit for the company (it's his job) and he is getting pressure from the board. In my opinion, the first folks on the chopping block will always be the "none income" generating divisions. HR and IT probably... but first of course be the Middle Management teams, then Upper Management, followed by IT Division and HR Division / Finance / Accounting. Yes business is fine, but hard to teach old dogs new tricks (they get expensive when they get older). And there is always room for improvement to squeeze out more record earning profits. And as usual, cheaper to higher younger age workers. Easy to manage, less complaining, eager to please, excited about their new career, and cheaper salary. Now that the company has trained them well now , it's time to let the trainers go as the old saying goes.

It's actually more of an efficiency forced attrition consolidation is what I am hearing for Chevron San Ramon, and a handful of positions will be eliminated (few hundred 300-400) probably not even a mass layoff at those numbers. Some of the departments are being merged and consolidated with other facilities and made redundant. There are just too many High Level to Mid Level managers at this time. There are instances of some divisions where an individual is reporting directly to 2 different managers. I believe the CEO want's to see that inefficiency eliminated as well, and certain business units are overlapping in their functionality with other cheaper areas in the country. San Ramon in general is getting to expensive pay the workers, that's why the CEO wants the executives to formulate a plan to increase business efficiency and reduce operation / human costs to maximize profit for the company (it's his job) and he is getting pressure from the board. In my opinion, the first folks on the chopping block will always be the "none income" generating divisions. HR and IT probably... but first of course be the Middle Management teams, then Upper Management, followed by IT Division and HR Division / Finance / Accounting. Yes business is fine, but hard to teach old dogs new tricks (they get expensive when they get older). And there is always room for improvement to squeeze out more record earning profits. And as usual, cheaper to higher younger age workers. Easy to manage, less complaining, eager to please, excited about their new career, and cheaper salary. Now that the company has trained them well now , it's time to let the trainers go as the old saying goes.

Not too long a wait, @4van. Profits were up 30% in the 2nd quarter, year over year 2018. Don’t expect to repeat another 30% jump in the next quarter. When the dominos begin to fall.......

Chevron 2Q19 earnings were up about 30% on 2Q2018 and higher than Exxon's. Those of you laid off and hoping the axe swings for others will have a long wait!

Everyone should always have a Plan B in case of job loss or company collapse. You can speculate all you want about layoffs if it makes you feel better about saving for the worst case scenario. Focus on getting higher ratings at work and you can avoid a lay-off altogether.

That talk you hear rumored around the office are only contingency plans for 2020. If oil does not recover minimally, or the likelihood of a recession is beginning to materialize, or if a Democrat is likely to win the White House, that’s what’s being considered at the high levels in Chevron. Of course, if any of these 3 scenarios come true, there will be a light to heavy wave of layoffs. Save your money, pay down your debts and refinance your mortgage now.

what’s good for the goose