"Exxon had around 72,000 regular employees as of end-2020. It last year disclosed plans to reduce its global workforce by 14,000 by the end of 2021. " Question is: did we meet the number yet? (58,000 employees)
Why PIP 8% of us every year with record quarterly financial performance?
According to Neil C., we're so much better than our competitors. The company is reorganizing to enable better leveraging our our internal capabilities. So why is it that we continue to mismanage the PDS process? Another 8% lost in 2022? Or even more... — read more
Delivery of W-2 form after leaving
I left for a new job in early January and am wondering if anyone knows how my XOM W-2 form will be delivered. The reason I ask is because at some point I switched from physical delivery to electronic delivery in EDA, and I think the email being used... — read more
What is the current global Headcount?
I was waiting for the earnings call, but it seems like the official data is only going to be shared in the 10k. Did they end up cutting 14000 positions? 2020 YE data was 72 k now if you count ppl below presidents we should be around 62 k. 4000 more... — read more
How many will quit?
I know some will be willing to move, but not everybody. I wonder how many will quit rather than relocate their families from Irving to Houston. Especially if there is a possibility of being laid off or PIPed once you relocate - which has happened to... — read more
Money for stock buybacks, but not your 401k
How much did they save with the 401k cut? A few hundred million? Now they have $10 billion they don’t know how to spend so it’s going to retiring common stock rather than the long term “commitment” to their employees. Exxodus should accelerate for... — read more
How Do You Pronounce EMTE
The R (Research) is silent. Goodbye New Jersey.
01/31/22 CNBC - Exxon announces cost-cutting restructure, plans to move headquarters
https://www.cnbc.com/2022/01/31/exxon-cost-cutting-restructure-moves-headquarters.html ... "The restructuring will not impact fourth quarter financial results, which the top U.S. producer reports on Tuesday"
Love the forum
I don’t know about you, but I liked the Forum. Too often we fought amongst ourselves around who is better - Upstream, Downstream, Chemicals or Researchers. Answer is all of us are better - better than our competition. We are going to kick CVX, RDS... — read more
Further headcount reductions
I am listening to the global employee forum now…. I heard an audience member’s question which roughly asked if there would be a staffing/headcount reduction associated with the reorganization, but I did not hear a response to that part of the... — read more
Automate what Manager do
I can easily automate what manager do all day. It will save great deal of money for company.
No more Irving/Las Colinas
Effective July 1, 2023 the Irving office will relocate to the Houston Campus. About time!
Global employee forum
Slido is blank again and not anonymous. No interest in reality. Wonder what these leaders will talk about ?
How was attrition in January?
It seems to have slowed down once again.
The management has declared war on the regular employees
Exxon management has never been a place for independent thinkers, for non-conformists or for anybody who would put the interests of the company above their career. Managers also had to be ruthless in downturns, but at least it was clearly... — read more
Looks like EM is willing to hire anyone at this point, even incompetent ones
Looks like attrition is not going to slow down anytime soon. My friend who is still with EM told me they are willing to hire anyone at this point to backfill the leavers and knows some EMIT contractors that just joined/will be joining, most of them... — read more
Where are these colleagues that LI Cube Posts talk about?
When people post LinkedIn cube pictures, they talk about inspiring, friendly, and talented colleagues, and also talk about colleagues who they will miss? I wonder if there is another ExxonMobil in a parallel universe where such colleagues exist?
Technical MPT Options
Given that the Corp claims to have a glut of degree-educated MPTs, average Joe’s career is likely to look very lacklustre moving forward. To those in that bucket who have moved on from EM, where are you now and do you have any words of wisdom for... — read more
Outside Hire for Investor Relations
https://www.yahoo.com/now/exxonmobil-appoints-jennifer-driscoll-vice-200000678.html Another outside hire for Dallas, replacing a retiring IR leader.
Infineum announces changes to Executive Committee - Will Infineum Take A More Active Role As EMRE R&D Shrinks?
January 28, 2022 Fuels & Lubes Magazine The global additive manufacturer Infineum, a jo--t venture between ExxonMobil and Shell, announced that three new positions have been added to the Infineum Executive Committee, in a restructuring that will... — read more
Dirt starts at the Supervisor level
Supervisors at all parts of the organization are corrupt and $tupid individuals without a single exception. You may find a rational guy here and there but the greed for their next assignment and appealing their superior is so high that they act like... — read more
IEEFA: ExxonMobil management fails to manage environment, climate issues in Guyana
By Tom Sanzillo Institute for Energy Economics and Financial Analysis www.IEFFA.org 28 January 2022 Guyana lawsuit marks latest demonstration of ExxonMobil management failures When ExxonMobil (XOM) came to Guyana to drill oil, it brought with it a... — read more
Even if employees work one day a week in different states, you could be liable to pay taxes in those states.
Source: Business Management Daily Trudging to the office is so … 2019. But for payroll professionals, the remote work trend has created a host of new complexities and compliance risks. Warning: During the peak of the pandemic, many states... — read more
It Is Getting Tougher For Us To Grow Our Business In Growth Regions Such As India Without Being "Green"
Green hydrogen policy to be unveiled in next 10 days: R K Singh, India's Power and New & Renewable Energy Minister The green hydrogen policy will be unveiled in the next 10 days featuring incentives like free transmission for 25 years to boost... — read more
GM hiring 8,000 technical positions in 2022 - Opportunities for XOM Employees to Transition To A Growth Industry
BY LEXI LONAS - 01/26/22 06:26 PM EST Source: The Hill General Motors is hiring 8,000 new technical positions in 2022, as it ramps up its development and production of electric vehicles, the company announced on Wednesday. In a LinkedIn post, the... — read more
Dividend at $0.88 - not too shabby
Exxon Mobil declares $0.88 dividend Forward yield 4.75% Payable March 10 2022 for shareholders of record on February 10 2022
UK WFH
Back to the office permanently from 31st, wonder what will happen to the attrition rate 🤔
Management resignations
Good article. Most supervisors and managers I talk to are tired of being scapegoats for the inevitable consequences of decisions made by executives. https://finance.yahoo.com/news/great-resignation-coming-decimate-ranks-154241688.html
Re LinkedIn posts
Seeing a lot of LinkedIn posts from managers and employees. Are these people getting legal approval prior to posting this content on social media? Typically it's a huge effort to release any company information publicly as it needs to be approved by... — read more
More attrition
Nothing to see here or is there? Seems to me more people are quitting
ExxonMobil Pipeline to spin-off as its own LLC?
We have only have heard speculations and rumors but wondering if anyone else had heard the same about the Pipeline Company and what the end game is?
Guyana
The revolving door of EMHC based employees and management continues. Why????
ExxonMobil PIN?
Does anyone know what the Exxonmobil PIN is? I am no longer working there and my mortgage lender is requesting it. Would it happen to be the control number found on the W2s?
To the management community...
... including supervisors, managers, executives: The main cause of attrition is YOU.
Is Clinton Soon To Be History?
Have Clinton and Paulsboro been downsized and line up for closure? It seems that is the plan and move all remaining assets of value to Houston, Baytown, or similar. And outsource testing and transportable items to low cost regions and contractors... — read more
Misery-Go-Round
Notice how EM is poaching from other Big Oil, and them from us, in a circle of vacancies and placements?
Closing parts of Houston Campus?
Heard a rumor last week that Houston campus may be closing a building down or even as much as a quadrant to save on costs? Anyone hear of this? I partially believe is since Hughes Landing is closing
RSU Bonus Increase
How long has the RSU scheme been 160 / 200 shares? Considering inflation and our poor stock performance do they ever bump up the number of shares awarded? How many years has it remained at 160 / 200 shares?
Sound familiar?
Reasons people leave an employee https://grow.acorns.com/amp/great-resignation-mit-findings-why-workers-quit/
KLTC attrition
Wave of attrition happening right now. Mostly 2-3 years of experience, with exceptional track record. I wonder how they’re going to sustain the TMTS role out with declining of experienced engineer from attrition and oversea assignment.