Thread regarding Phillips 66 layoffs

I want to understand how we can justify laying off?

I want to understand how we can justify laying off? What exactly are we trimming for? We just received 2.7 BILLION back in taxes from the Trump plan. We had adjusted earnings of 1.3 BILLION or $2.90 per share. We've put all this money into stock buybacks... Our stock is over $120 per share now. What is the justification? What's the purpose?

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| 3151 views | | 9 replies (last August 15, 2018) | Reply
Post ID: @OP+Uu7nZ3t

9 replies (most recent on top)

One word: Tesla.

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Post ID: @bejz+Uu7nZ3t

Anyone paying attention knows it will be staggered over a few years depending on how much is covered by natural attrition and not backfilling positions. Too much work to do for it to happen all at once.

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Post ID: @7pfy+Uu7nZ3t

b---s--- on the 200-300. It’s been announced that 100 or so was it for this year

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Post ID: @6ygq+Uu7nZ3t

How can people still wear capris and flip flops when it’s against dress code

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Post ID: @6dph+Uu7nZ3t

Which groups will the 200-300 come from?

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Post ID: @6nal+Uu7nZ3t

100 layoffs yesterday between Bartlesville and Houston. 200-300 to come within the next 2-3 weeks.

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Post ID: @6mes+Uu7nZ3t

Where are you hearing layoff talks???

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Post ID: @3yuu+Uu7nZ3t

Excellent question being asked by many of us!

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Post ID: @2etx+Uu7nZ3t

To pay the lady who implemented advantedge and also to get rid of people over 50 and make room for all the recent college grad they hired. Easy to figure this one out.

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Post ID: @2whb+Uu7nZ3t

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