I've made it through a half dozen or so layoffs in my career. Never have I been more concerned that I won't make it over to Chevron. Do I actively look for a position now and take it before more oil & gas layoffs happen? (SLB just laid off 21k+) or do I wait for a package and then look after I'm out?
Worried just like everyone else with mortgage and family to feed.
Curious to the OP where did you land?
CVX is good company and would be an upgrade. Gotta be present to have a chance of onboarding so would keep focus in that direction.
Personally I only see downside to leaving now, unless you have a gig lined up. Most companies on the planet currently have a hiring freeze. And until our virus friend retreats, shale is in the sh–ter. US oil is going to struggle for 1-2 years.
The longer you can hold out, the better off you’re gonna be if you get laid off. Cash checks, start planning for leaner times, collect a nice severance, then move on.
I reached out to an HR friend for advice. She told me to start early, and network as much as possible. You wanna be at the top of any lists you can be when people move to hire. But in most industries that’s 6-12 months.
You will probably make the cut and go on to enjoy a great career at Chevron! Welcome...
Start looking, perfect your resume, build your network, take all your c-ap from the Noble office home and hold out for that severance if you can. It’s going to be a long stressful three months.
Wait for a package AND look for a new position. Even in the best of times it takes months to land a new job, and now it’s even harder. You will collect pay while looking, and the package will include lump sum payment, prorated bonus, remaining vacation pay, and COBRA options. Plus, being laid off means you can apply for unemployment. If you leave, you cannot. Also, those that are laid off also get assistance from a career group which can help with your resume, LinkedIn profile, interviews, etc. Don’t leave your position until you either have another (all paperwork completed and a start date identified) or they lay you off. If you manage to find a new job before the final merger then go if you want to and like it.
Yeah I’d wait for a package. Job stability at a new place is statistically unlikely
Wait for a package. There are NO jobs.
You should be concerned. It is not like working hard and doing a good job will land you a spot in the next organization. In the past, during normal times, if you were a good performer with a good company you would probably land on your feet if you left the company. These times are not normal, so there is a lot of competition for fewer good jobs. It is going to be tough in the oilfield until the price rebounds above $50.
Keep your position and look for a job concurrently. I don't know what your discipline is, but jobs are scarce and you are better off getting some more paychecks and insurance while you can. Good luck.