Thread regarding Chevron Corp. layoffs

The workforce tension and the desperation of management is palpable, and the first cracks are starting to appear.

Lifted this from another comment on this site. It gets to the heart of the matter bigly. Sad but true that this is happening to this once great company before our eyes.

It's the only AI software that Chevron has. I am guessing that the LT is planning on celebrating this tool as a means of leveraging AI to cut operational costs. The entirety of AI within CVX has been oversold to the board and the executive team. They have been pumping money into the "dream" software for years and the BoD wants to see results. The money saved over cutting headcount from eavesdropping on emails and text messages will never match the promised returns of AI sold to the board. There is a critical OC gap with regards to AI and the datasets are a mess. It will take years to harvest energy production related returns from AI within Chevron. MW is on the $32M hook to show costs cuts has cut critical headcounts and is now recreating a low cost workforce in India and eliminating the costly US workforce in an attempt to realize the savings that AI might have provided. This is a one-to-two-year trick pony because it's not a sustainable YoY strategy. Once the sham starts falls apart in a year or two, MW (who is already cashing out) will depart. In the meantime, Chevron will lose more talented people since it is fairly evident there is no long-term career to be had here. This is a prime example of how short-sighted corporate leadership with a shallow technological understanding can destroy a once great company. The workforce tension and the desperation of management is palpable, and the first cracks are starting to appear.


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| 1751 views | | 6 replies (last February 24) | Reply
Post ID: @OP+1kj25m4gy

6 replies (most recent on top)

@b8 This is exactly what Chevron does, look at the other oil majors and copy what they do. No reasoning behind why required. Just copy-paste.

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Post ID: @na+1kj25m4gy

@b8 sounds like you’re shilling for the bigwigs and ignoring the truthfulness of the statement from OP, twice removed which who the he-l cares who originally said it.

People, ignore these HR plants that are trying to brainwash you into believing that water is not wet. The reality of our situation is a blind man is behind the wheel and our company is in a slow death spiral. Enjoy the ride, but don’t delude yourselves.

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Post ID: @k1+1kj25m4gy

At the bottom of the good chain, employees can see many cracks in the foundation. However, decisions are only made on measurable financial objective measurements. The subjective view of decreases in “customer service” are not objectively measured so cost is the main driver. Low cost staff in foreign countries are cheaper and the ELT will lower costs and get big bonuses.

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Post ID: @j7+1kj25m4gy

When does Chevron pivot away from Permian? And Eagleford shale?

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Post ID: @bm+1kj25m4gy

You lifted this from another comment which was also likely lifted because that's all the current field of Chevron employees are capable of, yet you constantly complain and point fingers for all of the company's problems. Priceless.

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Post ID: @b8+1kj25m4gy

Got a timeline? Some of us are just waiting for a payout.

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Post ID: @ah+1kj25m4gy

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