Why all of a sudden the layoffs and reorgs. Is it possible that VH was not taking care of business because she was such a nice person. Or was she an ineffective leader who couldn’t make tough choices. You cannot be friends with the workforce.
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@wk+1kthhkepc - Yes, and you should be able to find the document on the internal Oxy Web Site, and other docs by searching the site. In the past how much you pay is based on age and time of service to equal points (age+service). Check the Oxylink site.
Another VSP for 55 or possibly even 50 and over would do the trick hopefully, even getting rid of many of the layers at OXY as it is extremely top heavy and these folks are paid extremely well for limited skill set/contribution. Compared to all peers - the SGA is the highest of any E&P. Get rid of too many worker bees, and they will have a serious issue.
@vr Please explain. Are you saying that at age 55 with at least 10 years service you qualify for retiree insurance? Was this the qualifications in the previous VSP? I don’t recall it being so low in 2019.
@vb+1kthhkepc - Maybe 55 and over since with 10 years service you qualify for insurance. 55 is still pretty young these days, so I doubt the mass 55+ would take it.
I work GOA. For now at least they seem to be reducing head count by attrition. People leave, no one is hired to replace. I expect they will try and entice a few more early retirements but there are so few gray hairs left I am not sure how successful they will be.
The graduates with useless degrees will always have problems finding employment. These are the political science and sociology majors. People who study useful things like science and engineering, and graduate level physics and math are still in high demand because they actually know something and have real skills. People skills are great but won’t land you an entry level job.
@pp I think you need to go back and reread the post that you were responding to. Nowhere does the poster say that the job market is not tough right now. He/she just points out that the “human side” or your personal experience is not a good way to measure the US job market. It’s like determining whether this summer is hotter than last summer by how much water your neighbor’s dog drinks. Yes it’s interesting, and no one likes to hear about a thirsty dog, but it doesn’t provide you with any information that you can apply to the entire job market.
https://www.bing.com/videos/riverview/relatedvideo?q=why+is+the+2026+us+job+market+so+bad&mid=A746D9C6486678047889A746D9C6486678047889&churl=&FORM=VIRE
@kx+1kthhkepc - Do a little research on the human side of those looking for jobs and the hard time they are up against in the market. Many companies are showing jobs available, but ghosting applicants. It is not what is was just a short-time ago while searching for work. There are many sites like the one below that talk about the slow job market.
https://www.investopedia.com/why-the-year-2026-may-present-tough-times-for-both-job-hunters-and-employers-11895417
@je I don’t know anyone who believes the stock market should be used to measure the job market, but job reports and unemployment reports do. So with all due respect, what metrics do reflect what is really going on in the job market? Should we just go with our friends and neighbors personal experiences? What do you base your job market opinions on other than your own observations?
I will take Mickey D's if it means keeping a job. If laid off any severance will be gone by the time you find a job in many cases. The salary plus benefits are worth a lot more in these times unless you are going to retire. There are very few jobs out there, and all you have to do is start applying to see how many call backs you get. Don't be fooled by the stock market (DOW) soaring, recent job reports up, etc. It is all smoke and mirrors and does not reflect what is really going on in the job market. I for one hope there are no layoffs at all.
I think we are the Micky Ds of the industry not the prime cuts. Even have one of those Ronald McOxy playhouses at the office.
Fillet mignon
HR. Not as many necessary now with AI.
Could be.
Sirloin or Ribeye?