Topics regarding layoffs at ExxonMobil Corp.

Topics regarding layoffs at ExxonMobil Corp.

Lump sum option for Pension Plan

There are a number of comments throughout this site regarding potential loss of the lump sum option for the pension plan. Does anybody know if the company can take away the lump sum option any time they want? Do they have to provide legal notice... — read more 

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| 2330 views | | 9 replies (last September 17, 2020)
Post ID: @OP+16SiIs4P

Exxon in the rear view mirror

Just landed a position with a relatively small company and gave notice. The pay is not as comparable to Exxon, but I’m okay with that. I no longer have to deal with the toxic environment, its id–tic ranking system, rigid bureaucracy and the way... — read more 

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| 2390 views | | 14 replies (last September 11, 2020)
Post ID: @OP+16Shx13e

You know what amazes me?

How much Exxon is willing to pay some great employees to leave, instead of fighting to keep them here. Just boggles the mind...

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| 2110 views | | 9 replies (last September 11, 2020)
Post ID: @OP+16SOLvfZ

We are no better or worse than other O&G companies

The best way to see this is to visit several of our competitors on this forum (there are links near the top of the page for some of them.) It might surprise you how similar the topics are and if you actually read a few of them, you'll see that pretty... — read more 

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| 2540 views | | 18 replies (last September 11, 2020)
Post ID: @OP+16SWQVgX

Where’s the WSJ article?

Interested in learning about our HR policies and it seems we can only do that from the news.

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| 2690 views | | 12 replies (last September 15, 2020)
Post ID: @OP+16St2MkQ

More layoff planning in progress

CONFIRMED: More layoffs coming soon at Houston campus, Hughes Landing and USGC sites. Starting with the remaining leftover contractors from the first wave, followed by lower ranked people in the middle groups. Management will skate through this... — read more 

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| 8290 views | | 31 replies (last September 11, 2020)
Post ID: @OP+16Rdq7df

You are worth so much more than this

Considering how Exxon treats all of its employees, it's so easy to forget that this is not the norm and that majority of people working here are valuable assets that any company would be happy to have. The moment economy recovers, I guarantee you any... — read more 

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| 3000 views | | 10 replies (last September 11, 2020)
Post ID: @OP+16Rkg1hg

Has anybody survived their PIP?

We all know most of the people who were put on a PIP were not underperformers - the goal was to get rid of as many people as possible without having to pay them severance. Which makes me wonder, has anybody at Exxon ever managed to survive being put... — read more 

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| 3560 views | | 16 replies (last September 10, 2020)
Post ID: @OP+16RPYR05

Game Over

More reports to MOM Singapore! Kudos to all who defend your employee right!

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| 2960 views | | 12 replies (last September 19, 2020)
Post ID: @OP+16RjQwOf

Prepare for plan B

The world now knows our performance is based on who likes who or who makes the supervisors look good. Not based on actual performance. Been at EM in various roles and here is my spill. How do you go from a high performer to needs significant... — read more 

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| 2790 views | | 6 replies (last September 10, 2020)
Post ID: @OP+16ReUZGY

Online Meetings

My husband has been working from home since March. I've learned that he basically gets paid by Exxon to be in meetings. Speak in meetings, meet with other people about their last meeting, and have meetings to plan for the next meeting...

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| 3690 views | | 14 replies (last September 10, 2020)
Post ID: @OP+16RE4pT8

Leaving in the middle of PIP?

I decided to do the PIP hoping for the light at the end of tunnel. It’s clear the focus is on what’s going wrong or things the supervisor doesn’t like rather than the improvement that is happening. Not once have I seen comments about things that have... — read more 

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| 2420 views | | 11 replies (last September 10, 2020)
Post ID: @OP+16Rb3R0z

Sacrosanct Dividend No More

Source below. Exclusive: Exxon downsizes global empire as Wall Street worries about dividend *Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall... — read more 

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| 2110 views | | 9 replies (last September 13, 2020)
Post ID: @OP+16RaXyB2

High Level VPs fighting to keep their staff!

I am a long time admin staff for a VP and this is first time he is not having me edit his decks. They have been meeting a lot recently. Other admins confirming high level VPs are fighting each other to keep their staff but also throwing younger... — read more 

I am so happy I can't stop crying!

Got booted out under the guise of performance, found a nice new job, great friendly people, informal environment. My chest feels lighter, stomach feels better, I do not have to talk to managers, SLSs, brown-nosers and permanently brain damaged... — read more 

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| 2310 views | | 4 replies (last September 10, 2020)
Post ID: @OP+16Q4JYH6

Payed off geos getting jobs?

Let’s faace it, the PIP was a lay-off, hence the subject line. Has anyone heard of geoscientists getting jobs elsewhere? IT and engineering can bounce to different industries. Geos though, might be more difficult.

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| 2460 views | | 11 replies (last September 11, 2020)
Post ID: @OP+16QEjzqa

What is ExxonMobil's next move?

Any takers on what ExxonMobil's next business move will be? Will they attempt to diversify from O&G, wait for algae research to bear fruit, or will they simply use this price environment to double down? I hope whatever strategy we pursue allows DW... — read more 

Doomsday Singapore

https://www.thelayoff.com/post/@OP+16zEvLP3

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| 1522 views | | no replies yet
Post ID: @OP+16QKUXPa

US Voluntary Separation?

Anyone hear any rumors regarding US voluntary separation, possibly with incentives? It happened in the 80’s and late 90’s....maybe it will happen again?

Pension Annuity question

If XOM goes belly up, anyone know what happens for folks that chose the annuity for the pension when they retired? I know Northern Trust is involved with it and it has insurance, just not sure at what point it gets covered by the government with... — read more 

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| 1482 views | | 4 replies (last September 10, 2020)
Post ID: @OP+16Quf9Ak

US Voluntary Lay-off incentives?

Anyone think the US will offer incentives for volunteers to leave the company? It’s happened before in the 80’s and late 90’s. Might it happen again?

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| 236 views | | no replies yet
Post ID: @OP+16QvOB6P

Just a quick question

How many of you are hoping to see Exxon fail due to recent events and the way it's been treating its employees even if it means losing your job?

Advice

I chose the PIP option. I preferred it becasue it gave me options. If I am successful, I can stay. (That pension is pretty nice) I do not have to sign the "I will not sue you" document. And sure I do not get outplacement help, but I can still... — read more 

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| 2090 views | | 7 replies (last September 9, 2020)
Post ID: @OP+16QAM0C4

Who is doing the country-by-country headcount "study"?

Many times over the last few weeks, we have seen emails from management about the ongoing employee headcount study? This is being externally as well as noted by comment from the company, "Until other study work is complete, it would be premature to... — read more 

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| 2770 views | | 4 replies (last September 8, 2020)
Post ID: @OP+16QFxwhO

So Happy I got Booted Out of ExxonMobil

I worked in the Baytown Process Control group and used to always get excellent reviews from all my control room staff and engineers. All of a sudden during my annual review, my boss - who knows nothing about process control told me I was ranked low... — read more 

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| 6110 views | | 33 replies (last September 11, 2020)
Post ID: @OP+16PMybJh

How can people think they're safe?

A few of my coworkers are not worried AT ALL about the cuts because they think they are indispensable - mostly due to how long they've been at Exxon. It's like they are intentionally keeping their heads stuck in the sand. People who have been here... — read more 

Recovery?

https://www.google.com/amp/s/www.fool.com/amp/investing/2020/09/05/are-exxonmobils-best-days-in-the-rearview-mirror/

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| 707 views | | no replies yet
Post ID: @OP+16OeTzHb

Looking for jobs

Going forward, what are some of the best industries or sectors to look for jobs and career options?

Will they try to keep High Performers?

For employees that can get another good offer and leave voluntarily, will they just cheer the lower headcount? It seems that the way morale / trust in the company is headed we are going to lose both ends of the work force (top and bottom). Is this... — read more 

PIP and terminated?

It’s been over a month since the “PIP” exercise started. Has anyone on PIP been terminated? Trying to understand how it plays out. During the bi-weekly meetings, does supervisor give you hints that it is not headed in the right direction? Or do they... — read more 

Winning

Among all that’s lost — billions in eroded value, plummeted stock price, projects canceled, jobs lost— I don’t think there is anything more pernicious than lost of TRUST. The management committee has lost the confidence of employees and it’s hard... — read more 

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| 4510 views | | 23 replies (last September 9, 2020)
Post ID: @OP+16NdmOIc

F&L employee forum - no anonymous slido

Have you noticed that the upcoming F&L Global Employee forum (Sept 15-21) has no anonymous option for submitting slido questions? The “leaders” are scared of what they will hear if it’s anonymous. Instead they would prefer to intimidate people. If... — read more 

Exxon Stocks

Despite Dynamite Dividend, Don’t Buy Into Exxon Mobile Just Yet 9/3/2020 10:29am EDT By Tyler Craig, Tales of a Technician The gap between energy stocks and the rest of the market continues to widen. And nowhere is that more apparent than on the... — read more 

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| 2200 views | | 8 replies (last September 6, 2020)
Post ID: @OP+16N4hdnv

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