In general, I have not seen any performance driven lay-offs. Good, loyal employees of 30-40 years are being laid off in lieu of young, non-proven employees. It is great to build a young workforce, but in my opinion, it would have "helped" the young staff to have the benefit of additional mentoring and training.
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Realist, or excuse me, COP Monitor, the regions ROI's were fine as far as I was told. This wasn't about 'streamlining' to stay alive - this was about Mr. Lance saving face with Wall St.
Scanning this site, given the number of posts you've written, I seriously doubt the company is earning back your salary. Take a long walk off a short plank.
At least in Texas, you don't need a reason to fire someone.
There is going to be trouble when the final age and performance metrics are released and analyzed. The hold-harmless contracts that former-employees will sign will not protect ConocoPhillips from paying millions to settle valid wrongful termination cases and defend the managers who allowed this biased and baseless layoff. I cannot wait to hear how they will spin this one!?!
What did you do in the last few years after you "staffed up"? Were your ROIs proportional to the increased staffing levels?
Should have come to Canada. Layoffs were not based on skill/contribution, rather what 'clique' you belonged to. Funny, the heritage Gulf/Burlington people - all ok, the 500 or so people'staffed up' in the last 2-3 yrs (employees + contract staff) - discarded like trash…..
This layoff SHOULD be driven by the almighty dollar. Oil prices are low. We are overstaffed and bloated with more red tape and corporate process BS than we were pre-spin. I hope we use this as an opportunity to fix some things we've been doing wrong. Not a lot of hope for that, but there's some.
The young employees earn a lot less pay, so laying off older employees close to retirement saves LOTS of money. And after all, isn't this layoff driven by the almighty dollar???
The CIO has said several times the age distribution is like a bar bell, everyone is either young or old. He wants more in the middle and fewer at the (old) end. The young side will move to the middle but I do not think those on the old side are getting any younger. The only old ones that are safe are the managers.
I was laid off yesterday, and I was very early in my career. I think they just didn't want to pay the severance packages for those that have been with the company for longer than 10 years. I can't imagine what the second round of layoffs is going to bring, maybe even offering no severance package.
In our group, of the people we lost 75% were early- to mid- career, and 25% were at retirement.