She confirmed layoffs are coming, and the details will be released in the next few months.
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What do people think the impact to MCBU might be?
i find it so wild how this announcement was hidden in some random half-baked video. Not even the ba--s to put it in writing
This reminds me of the announcement to move the headquarters to Houston, it was buried at the bottom of a personnel change announcement email...so those that actually were up reading emails this earlier and bothered to scroll down toward the bottom of the email got the news before the headline email that was sent out after. Talk about burying the real story.
It's so bizarre how they dropped that nugget into a video that otherwise has nothing to do with it, unless you want to link future layoffs to present financial performance. Then again why should it make sense, nothing else does in these parts anymore.
Sir this is a Wendy’s. Would you like some fries with that accoucment?
How can she get away with an accoucment like that???
Who are all these people not doing work for the next 2-3 months?
Expect no real work to be done for the next 3-6 months again. Nobody is putting any effort until they know whether they have a job or not.
DO MORE WITH LESS....the unofficial CVX motto.
They continue to cut positions then wonder why the work isn't getting done to their satisfaction. People can only do so much, regardless of where they are located.
This sure isn't the CVX I started at 23 years ago.
Disingenuous.
Nothing like introducing morale su-king uncertainty of unknown duration into the 4Q - that’ll definitely drive good outcomes.
Anyone who has looked at MW’s career saw this coming. It’s been this way his whole career. He simply uses others to announce his dirty work.
If you watch the video carefully there are quite a few hidden messages and clues in there. I was shocked the second time I watched it!
I don’t think the XLT is desperate, we just knocked earnings out of the park and made billions. They’re rich making millions they’re definitely not desperate, corrupt maybe? Heartless? But definitely not desperate.
Why did we not do engine during the last transformation? Everybody else did it many years ago and were able to absorb the employee offsets gradually through natural attrition. Now chevron will run to catch up and the offsets will come through lay offs.
Because the elt is incompetent.
Why are our best assets not competitive? Tco (eb), abu, company operated permian? Because our elt is incompetent.
Why can't we execute projects on schedule and on budget? Because project management philosophy and accountability model are flawed. Why? Because our elt is incompetent.
Why is our central overhead so high? Because central groups can't effectively support bu's due to substandard ctc-bu support model (eb). Why is that? Because our elt is incompetent.
Why can't we grow the company organically? Because we cut exploration to the bones. Why is that? Because elt is incompetent.
Now the elt is in panic, they are trying to appear calm, but they will now resort to human primal instinct of beating up the weaker ones (employees) instead of being true leaders and leading us out of this mess they created. But they won't do it, will they? Mw and EB already said we need to work harder. MN is obsessed with office attendance. They tell us they are doing great, the strategy is sound... no it is not, MW, EB and MN need to go. We need real leaders from outside of cvx.
People need to pay attention to messages. When a C level person sends an email with a video link, you should listen. Nobody believed me until I told them to LISTEN! It's great that there is transparency and she said what we all were assuming.
I mean, it's not like this was hard to predict... we knew it was coming.
Thanks for posting this. I read the email which was sparse and skipped the video until I saw this. Can't believe they are burying the only thing people care about in a video, most won't watch...
EB is the CFO
I’m out of the loop… Who is EB.? Post first and last names on different post… But I’m curious.
Su-ks, but grateful she finally acknowledged it.
Wasn't somebody praising EB the other day and saying how amazing she is??? Lol
100% true