Pros
Aera was bought by a private equity firm earlier this year and the company has begun to transform into a lean and aggressive player in the California energy and carbon markets. I find this a dynamic work environment where teams are overcoming regulatory and technical challenges.
Cons
Aera was created by and spent 25+ years as a joint venture of two giant oil companies. Processes were cumbersome and decision making slow. The new owners are pushing for commercial agility and financial performance. Changing base corporate values is slow but with the changes Aera can prosper. Recent org changes resulted in the reduction of some roles. Voluntary early-retirement packages were provided to those interested and a few persons were let go when roles were no longer available.