There is going to be far far more than 1500 employees getting axed, unless a major changes in management. We all need to protest this poor performance is 85% on management poor performance and 15% on oil price. Actually a good a solid company invest wisely during downturns. We can't even finish the projects that we started 10 years ago let alone thinking about investment in downturn.
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agree with that but the price of oil is the big factor. CVX needs to get there stuff together on execution of these projects but in defense, gorgon has union problems which may be the unknown. Big foot is just an operational f up. They should have took the time and money to send an ROV down to purge water out if any.
I am just wondering if the oil price being low has had only effect on CVX cash flow... even bp's stock after its earning went up by 2%. enough of management ass kissing. a good manager would build a high performance team to deliver the projects on time and on budget. open your eyes..
Every think that the poor execution of projects is because of poor performance of it's employees.
You just don't get it. Oil is 47/ bbl. Do you get that management has nothing to do with that? You work for the share holders You are just a number and can be easily replaced. Instead of bitching about management which is a reflection of your performance, buy some CVX stock. It'll be the best thing you every did. Hopefully, they will cut more than 1500. It'll take a lot more than that to adjust for the price of oil. Eventually, CVX will be profitable after they unload the dead weight and they have plenty of it.
And safely, dont forget safely 'absolutely disgusted'.
Each one of you are correct. But here is how it works, one behavior is the result of the one before it: upper management is so disconnected from reality and what is going on outside of their fortress that when middle management does give them information from their direct reports, upper management doesn't have the sense, care, or desire to look closer at it to see if anything might be out of place, incorrect, or down right stupid and simply rubber stamps an "okay". Middle management then pushes that down through the ranks based upon their best interpretation of how and what should be done to meet the object all the while trying to interpret upper managment's response and messages, with no real guidance. Everyone else down below does what they can in a similar fashion and the cycle continues. and when our profit margin is in its current deplurable state the worker bees are indiscriminately let go so upper management can keep on sucking the company dry. This is madness. But at least it's done according to the tenants of operations.
Both of these posts are correct. Upper and middle management are just as bad. This did not happen overnight but over a decade. Chevron has to understand that you can't have a degree in business and be a SC grunt and the next week manage the installation of a CPU. Add zero leadership behaviors and you are toast
Management can't make good decisions if given poor information provided by the grunts who are taking 2 hour lunch breaks everyday. Just saying...