I've looked around, pretty much every O&G company is currently having major layoffs. That is a lot of people now having to compete for the few available positions in a tight job market. Those hiring can literally choose the cream of the crop without even having to offer special incentives. Basically, we're screwed.
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Now retired, I can look back over my O&G career and be thankful that I was there, and left, at the right time. In case no one's told you,... the Good Ol' Days are goneI. It has become, truly, a fool's paradise in which logic and reasoning no longer prevail. Currents of change are now driven by sub-par intellects and outsized egos,... being "woke" is one's most valueable currency and it resonates with a vast multitude of other fools and inflated egos. How one "feels" trumps all. Welcome to The New World, CHUMPS!
There are tons of remote IT job. Get certified on a couple of Microsoft products and you can land a remote gig like snapping your fingers.
What helps is having more experience than just oil and gas. Use this time to “diversify” your resume. Transportation. Energy. A REAL renewables company. So when the ups and downs happen within any industry (and it always does) you can still work anywhere. Don’t put all your eggs in one basket.
Yeah. That’s why you take the package and use the time you have to get the f&&k out of O&G.
To say the oil price is low because Russia and Saudi opened their valves is only half the story and basically an uneducated response. More likely the problem is industry greed and ill-discipline. The oil industry shot itself in the foot and would like to blame someone for the mess it created.
Um...duh...? We’ve been saying that since the beginning of COVID. Chevron increased severance benefits BECAUSE of the employment climate. Didja miss that? Not saying it solves it but the job market being c-ap is well known.
There is nothing new under the sun.... and those who don't learn history are doomed to repeat it. You CHOSE a cyclical commodity-driven industry (because starting salaries were attractive?) Check out this link.... inflation adjusted. https://www.macrotrends.net/1369/crude-oil-price-history-chart
I retired 10 years ago after 40 years on the roller-coaster. Didn't have another bust in me.
Well, if oil and gas is shut in over political government changes, I think the terminate employees ( like me) have our feet into new opportunities over the ones that think they are employed long term. If Uncle Joe is elected and makes drastic changes to o&g, the constant laying off of workers and mergers will continue. Who wants to work where everyone is back stabbing each other to be able to keep their jobs ever 18 to 24 months? I had enough of that b.s. Renewables, medical or even Starbucks sounds better. I don't enjoy the rats eating rats environment and wish the employee s the best. I hope that environment goes away but not looking good for those full time employees.
The reality is right on the wall, O&G industry is at verge of its collapses and the sooner you equipped yourself with new skills the better you be off. Electric cars are coming with such a speed like we have never seen before as 60% of the O&G industry's product is MOGAS!!! Cutting cost is not the sustainable remedy, as it was done 2-3 years ago !!!!!!!!!!
It's never a good time to be cut because we have such high healthcare cost. Even if you sell your house and move to a county where you dont pay high RE taxes, healthcare cost will bankrupt you.
Better learn to live on Amazon fulfillment wages (19 bux hour) cuz that's the bottom we raced to.
One guy on here claimed he got a better job right away and wished he had been fired sooner.
You must be the smartest inyour dept if you worked that out for yourself.
Exactly the way the economy should run. Companies have the right to choose the best candidate from the available slate of potential employees. If you think you are particularly disadvantaged by being in a lower category of skill or not being desirable, that isn't anybody else's "fault" except your own.
If you ha e more than 10 year and have been technical, what else can you do for the similar pay?