IT, Finance and Commercial are expected to layoff ~300 people in 2 waves starting with IT in early Q3 2025. A majority of operational support for IT will be moved to outsourced providers. Major IT restructuring will be done using the “spans and layers” concept suggested by BCG to reduce management layers.
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@8ag What will be different about the next round?
@837 clearly you have never been through a layoff. Yes, there are two more rounds. This next one will not be pleasent. Those who are left will feel these mistakes for a very long time. Good luck.
@891 Why even have a cleaning crew? Make each department clean their own sections then choose a group to clean the restrooms each week.
@86k Now you buy your own trash can and empty it yourself. But there's still a cleaning crew.
@863 Our genius LT decided to take everyone’s personal trash cans away at HQ last year to save money and make it more “efficient” for cleaning staff. Now you’re responsible for taking all your trash to a communal trash can. Writing should have been on the wall then!
@85y What?? Trash cans?? What’s the reasoning?
Should have known this was coming. They took our trash cans away for god sake! Next we’re going to counting paper clips and post it notes. Can’t wait until Friday!
@831 did it ever occur to you that the people posting these “more layoffs this week” or “this Friday” or “3 more rounds” snippets have no idea what they are talking about?!! They may not even work for the company, and that more than likely THEY are actually the sadists and get pleasure from creating chaos, furthering people’s anxiety and fueling more negativity. I seriously doubt that the company would slowly tear the bandaid back an inch at a time. Will there be more? Probably. Will it be every week, or even once a month- seriously doubtful. Am I concerned? I was concerned before Aug 1 just due to the market. Is losing my job still on my mind? Yes. All I can do is show up, do my best, keep my options open, and hope for the better times. We are not alone in losing our jobs, we just thought it happened to other people. Stop spreading rumors. You just end up looking like an id--t on Friday when nothing has happened.
@817 Great analogy. I can't take much more of this. This whole layoff "design" institutionalizes sadism. New spin on "Happy Friday."
@81e Me. You. Most of export PE. Couple of dudes in logistics.
@815 who is next?
@815 Like a terrible game of Russian roulette.
@80y layoffs on fridays.
So what’s the latest scoop? What happens this Friday?
https://youtube.com/@chevronphillips?si=DscZGk_qyAZ9H11J
If you have not moved your pension out of CPChem’s control, you might want to consider it. I don’t know if the plan is covered by PBGC insurance, but if the plan becomes insolvent or terminated in the face of financial hardship, your benefits will be greatly reduced, particularly if you are a long-term employee. PBGC insurance has limits as to what they cover. You have a lot to lose, don’t let them take anything else from you! Most companies don’t have pension plans anymore, it wouldn’t surprise me if CPChem does away with theirs next.
@7kf payroll deduct.
Anyone know what our EIP will be?
@7hw post it up.
@78c yes, if you’re in a support role or in a cost center, they will be dramatically reduced. It will happen in September and October.
@7j0 I'll take mine to Goodwill, too. I was thinking like I still worked there trying to protect them from misuse of their brand. Hahaha.
@7hh I have not received a box either or my personal items from my desk. It’s the CPChem way though. They have a great idea but execute it very poorly. How hard is to send out 130 boxes? How hard is to pack up personal belongings for 130 people. You knew this was happening and the people affected.
@7hs I donated all CPChem items to goodwill or threw them away.
We had previously warned HR and some Executive Vice Presidents (EVPs) about recklessness within the IT department and other departments, but no action was taken.
They have hired underqualified individuals for years who have made poor decisions, and now everyone is suffering the consequences.
We have proof that HR and the EVPs were aware of the problem.
Specifically, we have emails from July 19th of last year that shows an IT position with a pay grade of 87 did not even require a high school diploma!
We believe that everyone who is not being laid off should have to reapply for their job with proper qualifications!
This would also eliminate nepotism and the "buddy system".
We would like a link to upload the emails or a picture of them as proof.
To A m er, B et h, Ma rc, and others, please check your emails from last year.
@7hh Me neither on the laptop boxes. What do we do with our branded FREs? We shouldn't give them to Goodwill, but I don't want anything that says CPChem on it in my house.
Has any of the laid off people received a box to mail back their laptop and phone yet? It's been a week and still nothing.
@7f9…exactly, because as long as we’re fighting each other, then we can’t fight them and that’s what they want!
@7f9 correct. The blame is poor management and overspending. They knew last year they were in trouble and who they were going to cut. 2 more rounds.
@7f8 That’s cute but ROCE isn’t even the longest pole in the tent
@7b7 I think everyone here is forgetting who the actual problem is. It doesn’t surprise me to see everyone blame each other. That’s what upper management would’ve wanted. It’s the culture they created.
@7ej Spec Chem always has a better ROCE than PE
@7e2 Spare me the “high margin” bs. A $4/lb margin on 10,000 lbs per year is within the margin of error for PE. Go drop some pennies on the front step of the new HQ and tell me how you saved the company.
Any of the laid off people want to meet up this weekend to network and talk strategy? We’re in this together!
@7e7 high level feedback is you are sc--wed. We are protecting ourselves and our chronies.
@7e3 Correct me if I’m wrong, but isn’t Spec Chem on target to make more money than PE this year?
@7e3 Isn’t kind of freeing to have these discussions without fear of reprimand or limiting your career progression? Take note Pru Sak
@7e1 Here's what AI says about why you should have a lawyer review your severance paperwork and this is true:
Avoid signing away rights: Especially if you’re giving up the ability to sue or compete.
Negotiate better terms: Lawyers often uncover leverage points you didn’t know you had.
Protect future opportunities: Restrictive clauses can quietly sabotage your next chapter.
Don't be too trusting about what CPC will do if they think they can get away with it. It's insidious, all the time we spend celebrating our warm and fuzzy culture. I get su-ked into that sh*t because I'm naively sincere and a huge people person -- I love that sense of community, being true friends with my team, and everyone from the CEO on down pulling on the same side of the rope. "We're all in this together" has taken on a new meaning for me. CPC is just ugly base metal. They painted on the silver and gold -- remember the HQ ribbon cutting, the lofty speechifying, and the extravagant food? -- and we oooh and ahhh all the way out the door. It's all just manipulation. Maybe I'll learn.
@7dc any high level feedback?
@7e0 I’m triggered? I’m not the one ranting and cursing on an anonymous forum. You, like all the other self important people in Borger, are too d-mb to realize that CPChem only kept you because no one else wanted you and it wasn’t really hurting anyone while the company was doing well. The game has changed, the cards are stacked differently. The company is not doing well. They are canceling small dollar projects to expand capacity in profitable business lines … because they are broke. They’re getting rid of the Borger trucking fleet which negates any “competitive advantage” you had to justify the higher prices you charge for your one profitable product. They will chip away at you piece by piece just like they’ve been doing for years. Dwindling your special portfolio down to commodities that, with your cost structure, cannot be competitive. Instead of arguing with me, you should probably look for a job.