I've heard that changes won't come till late this year or early next year, tied to the new offshore offices in India being stood up for all the engineering roles that will be offshored.
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I think CBU will lean out even further early in Q4 with a round of layoffs and/or expression of interests while the sale process continues.
Gotta love a good house cleaning! Slackers beware
All the signals were there for structural layoffs this year, but that was contingent on using the Hess deal as a smokescreen for the layoffs. @1hgi is right, nothing will happen until we know how Hess is going to work out.
Wait until the service center is set up in India. Then jobs will gradually offshore. Engineering will be done by pajeets.
Is the hess deal going to go through?
The new office setup is expected to boost attrition without severance costs. MW likes it.
No layoffs until the Hess deal closes about a year from now.
Expect to hear “right sizing the organization and BUs” they’ll keep it small to stay under the Warn Act. I wouldn’t expect anything until late 25/26 when the PDCE employees will be eligible.
Axe man getting warmed up. Swing it BIG Axe man, swing it BIG!
Downstream seems to be heading toward layoffs again. Every time these consultants come onsite we lose people. 2003. 2010, 2020. However we typically only layoff salaried folks above 50 yrs old. In a refinery, those layoffs only save less than 1% of the overall opex budget. People are burned out. Save costs on crude contracts and other feed stocks instead since those are huge costs. Upgrade aging facilities so they can be more reliable. Don't let good people go. And stop targeting middle aged white men. In 2020 we displaced white men while hiring minorities….. some of those did not work out and they are gone.
The axeman is sharpening up to clean house of the layoff .com WFH losers who are on this site all day and do no work
There will not be any.