If there’s no real strategy or bigger plan and, more importantly, if leadership can’t adapt effectively to fast-changing circumstances, none of these layoffs or reorganizations will mean anything. My confidence in their ability to steer through the turbulence is very low.
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The CEO is looking for a golden exit…he, along with HR hate office and field personnel…
The reorganization is an effort to simplify a complex organization that is not delivering results and more importantly not tooled for the future…
If deep cuts and significant divestments are not made…Companies like COP and OXY will be viewed as acquisition targets
steer through the turbulence?
Produce more, spend less.
Fire all the people who worry about turbulence.
You have listened to too many BCG podcasts.
Everything you are talking about is consultant speak.
This is simple. Prices are lower, and we are cutting costs. Employees included.
This is the same game plan oil & gas has had for 100 years. It is never pleasant, but it works.
https://hbr.org/2024/10/research-the-long-term-costs-of-layoffs
“High employee engagement prior to layoffs won’t protect you from the negative impact of doing layoffs.
In fact, the higher your employee engagement is to start, the more likely it is to plummet after layoffs, and the less committed your employees will be to staying with the business.”