Thread regarding ExxonMobil Corp. layoffs

Dumpster Fire

Clueless DH. People with little qualifications promoted/ installed into roles purely on basis of their ability to brown nose, power grab, endless reorganizations, backstabbing, taking credit for the work of others, ….

This place is a dumpster fire.

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| 2706 views | | 14 replies (last January 28, 2022) | Reply
Post ID: @OP+1eYSZjyY

14 replies (most recent on top)

Y'all are missing the point. The vast majority of the 150,000 Apple employees are not doing visionary things. Your average Apple engineer in Silicon Valley is making $300k doing things like designing the edges of a button in the App Store or making the home key slightly less round.

The reason their salaries are high is not because they're visionary or better than XOM employees. It's because Apple has huge profit margins. Last earnings release was something like 30% profit. Apple has huge margins because it has pricing power. It has pricing power because interest rates are so low and because they have built a near-monopoly on the US market by locking people into things like the blue iMessage. This can and will all change in the next few years. Interest rates are already rising, hence the markets are starting to reprice tech companies' DCF valuations. And the clampdown for tech companies is just around the corner.

We are in the early stages of a commodities bo-m like no other, and our India office is going to benefit enormously from it.

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Post ID: @3awk+1eYSZjyY

@2usn+1eYSZjyY
You seem unable to grasp the concept, but value comes from other things than “strategy”. It also comes from highly skilled technical work and new ideas. It’s good to have a Steve Jobs asking for a great new product, but you also need talented people to make those general concepts reality.
As for you, your main talent seems to be to assume things about others. $400 seems to be a bit to much for such skills.

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Post ID: @2yvu+1eYSZjyY

@2mts+1eYSZjyY i'll happily be a faceless engineer making 400k , and you are clearly a faceless person too (most everyone is tbh). Yeah the guys that set strategy for new products get paid many (many) millions, but a in my experience both at xom and here, a lot of people need a long look in the mirror at how they're perceived / what their contributions are / how "irreplaceable" they are.

Many people (looks like you included) have a much higher opinion of yourself than what the company does. This will probably be down voted, but a cold shower of reality could help a bunch of folks.

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Post ID: @2usn+1eYSZjyY

@1hmt+1eYSZjyY
This isn’t about some faceless engineer working anonymously towards a little bit of the next IPhone. I’m talking about those coming with ideas that would result in the NEW thing after the IPhone. Yes, those creative people ARE treated like gods - clearly not somebody like you.
In EM, the equivalent are people who would be able to find us “a new Guyana”, as our management keeps saying (we need a few of those, in fact). The people at EM who would be able to find something like that are treated like dirt and pushed out, to make more room for some highly sponsored PowerPoint jockeys - and that’s now official company policy, not just the effect of ordinary “politics”.

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Post ID: @2mts+1eYSZjyY

This is the way

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Post ID: @2xvy+1eYSZjyY

@1gzb+1eYSZjyY i moved from emit to faang a few years ago -- politics exist here. People get sidelined or "managed out" all the time. The dirty little secret re: imagine if apple treated its engineers bla bla, they [the companies] all know there are 1500 applicants on average for every position, in 2019 google hired 30,000 people with 3 million applicants, apple was close to the same - yes we're paid well but aren't treated like Gods.

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Post ID: @1hmt+1eYSZjyY

@aif+1eYSZjyY - you can still be difficult to work with, but if you have a powerful sponsors, you still get "different opportunities"....how do you think some managers get ahead ?

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Post ID: @1qxi+1eYSZjyY

@1gzb+1eYSZjyY Your ignorance of the inner workings of FAANG companies is showing.

Tight deadlines have nothing to do with overall company efficiency or prevalence of politics.

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Post ID: @1zbg+1eYSZjyY

@dmp+1eYSZjyY
Total BS.
Imagine that Apple would treat the engineers who have to deliver their new product the way EM treats is technical people. Apple would be out of the picture in just a few years.
Many other large corporations exist in a very competitive environment, where if you let the management believe they and only they matter, you’re going down in flames.
EM is coming from the Seven Sisters mentality, where you could be inefficient and wasteful and still survive. Those days are over and EM is sinking.
Cut the EM corporate propaganda, we know better. That goes for you as well, @aif+1eYSZjyY, if you’re not both one and the same.

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Post ID: @1gzb+1eYSZjyY

@dmp+1eYSZjyY please take your nuanced, well thought out, accurate takes somewhere else. This is a board for lamenting that "politics" only exists at exxonmobil, well news flash, politics is just how much someone likes you, and it is present in every company, at smaller companies the "beer test" , which is the hiring manager thinks "would I want to get a beer with this person after work" isn't unusual. If you're difficult to work with, you're not gonna get the same opportunities.

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Post ID: @aif+1eYSZjyY

Just described PPLE , NJRSC trash. There is a plan.

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Post ID: @gdv+1eYSZjyY

What you described is not unique to XOM. That is corporate America in a nutshell. The bigger the company, the less important the individual contributions are. The real struggle is to prove that a line of contributions should be prioritized of a million other competing contribution lines. And this needs politics.

If you wanna avoid this, join a startup. Due to lack of resources they are razor focused and there are almost no politics. The downside is that the expectation is that you give 150% of your abilities for a low/risky compensation package, without any freedom to explore your own ideas.

No free lunch.

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Post ID: @dmp+1eYSZjyY

Exactly, people stepping on one another or throw others under the bus just to make sure they get a few inches ahead....
Just wondering when will another round of layoff be coming.

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Post ID: @nic+1eYSZjyY

Yep!

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Post ID: @xoe+1eYSZjyY

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