Curious to hear - for those still at EM, at what point would you feel like you've saved up enough to just bail from EM and either retire or just go do something else? Obviously savings matter less if you're jumping to another job, but a decent nest... — read more
Relocate, resign or retire: Exxon Mobil HQ (i.e. Irving) staffers face tough decision by July 2023
Source: Dallas Morning News By Natalie Walters 1:20 PM on Feb 4, 2022 The company has been on a cost-cutting mission since reporting a historic loss in 2020. Many of Exxon Mobil Corp.’s corporate staff in Irving face a difficult decision — take a... — read more
It Takes Courage of Conviction to Live In The World of Truths
Source: The Eight Mile Consulting https://eighthmile.com.au/ Good friends tell you what you need to hear, not what you want to hear - for this reason they are hard to find. They do this because they respect your ability to deal with confronting... — read more
How underpaid am I?
EMIT Exp hire 10 years industry 1 year XOM ~130K CL24
How risk averse are you?
After joining the company, the employees are being brainwashed with "fear"... as a result, many of the colleagues "fear" about the unknown working somewhere else - hence they stay although they are not happy. Some also "fear" about the money as they... — read more
Rollover pension lump sum into savings plan?
I resigned last year and just got my pension benefits package. Is there any reason NOT to roll over the lump sum into my XOM savings plan rather than an outside IRA? I'd rather keep the balance out of an IRA for now so I can continue doing backdoor... — read more
Why not wait?
Lots of retirements March 1. Why not wait for PIP/PIL season? It’s only a few more months of misery. And you could be saving someone else’s job.
Paid Parental Time Off (PPTO) = Paid Family Leave ?
Anyone know if the 8 weeks of PPTO that ExxonMobil gives is considered Paid Family Leave when filing a U.S. tax return, and if one should expect a 1099-G form? I tried getting an answer from HR and payroll assistance, but they're worthless. Terrible... — read more
Winners and Losers
With the announcements that came - who won and who lost ?
Shell pays better than XOM?
Will the solid earnings translate to higher compensation?
They didn't manage to ki-l our spirit - yet
People might not be happy but they're not letting that affect their day-to-day life and that's a good thing. I've been a part of a team (this was before XOM) where the manager and the overall toxic culture completely destroyed morale to the point... — read more
Be brave
I resigned 5+ years ago and it was the best decision I ever made. Less stress, no more back stabbing, no arrogant leaders, and constantly treated with dignity and respect. Is it 100% perfect? Of course not! Is it way better? Absolutely. I wonder... — read more
Fixing the toxic work culture
I hate that I didn't leave earlier. Is it even possible to fix the toxic work culture here anymore or is that the last thing our leadership thinks about?
Climate Leadersh!t
Anyone who buys into the pipe dream that Exxon is somehow committed to invest in low-carbon “solutions”, isn’t looking at the numbers. The boost in cash flow will allow Exxon to increase the pace of a $10 billion share buyback previously announced... — read more
Neil and Jack Show
Just watch the employee forum. They never really answered the question about attrition and more importantly PIPing. They clearly want to pivot to the future and not discuss the present cluster f…. And the real joke is that they actually think they... — read more
(We Are ExxonMobil)*0.92
Post your suggestions for a new more appropriate EM motto below.
HQ move was the last step before the mega merger
Honestly I think the move from Dallas is to get our company ready for a merger with Chevron. They can close the Cali HQ and HEMC will be the Death Star !
The insider reason why Dallas is moving to Houston campus
The MCs need to take the matter into their own hands regarding massive attrition. All of them will sit in the cube and will be watching if people come to take their iconic meme photo before leaving. "Eye of Sauron" is the codename of this ambitious... — read more
Employee headcount reduction: Is this problem created by DW 5MBO growth strategy ?
Great we are back where we started in 2017. Only one person to blame.
Did we meet the number yet?
"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.