Thread regarding ExxonMobil Corp. layoffs

I'm surprised talk of layoffs has died down

Do people feel safe all of a sudden?

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| 3651 views | | 26 replies (last August 1, 2022) | Reply
Post ID: @OP+1hWFoFz1

26 replies (most recent on top)

We were told to do our skills ASSessment by mid August this year.

Might it be used to determine if we still fit in.

Not that anyone understands the skills assessment.

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Post ID: @4aqu+1hWFoFz1

Ranked NI this year, yearly contract renewed. Not safe here.

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Post ID: @3nsr+1hWFoFz1

I left a while back. I don't understand why people who don't feel safe continue to stay. I just don't get it.

One life to live - and you're choosing an unsafe environment. Ridiculous

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Post ID: @3loi+1hWFoFz1

How do we get to $35 break even - simple. Sell Kearl

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Post ID: @2awb+1hWFoFz1

There will be no layoffs today. But tomorrow is another day.

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Post ID: @1zjo+1hWFoFz1

Performance Improvement Plan (PIP), Pay-In-Lieu of PIP (PIL), Needs Significant Improvement (NSI), Needs Improvement (NI), and Retirement Eligible-55 years old with 15 years of service (RE) strategy started in July and will end in November.

2022 strategy is identical to 2020/2021 strategy.

Dallas said it best at 2Q2022 earnings call. Breakeven crude price for XOM was $45 per barrel in 2019. Current breakeven is $41 per barrel. Target breakeven crude price is $35 per barrel.

Question: What additional asset divestments and OPEX efficiency is required to reach our breakeven target of $35 per barrel?

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Post ID: @1sgc+1hWFoFz1

DWW is do-g a fantastic job in the short term: significantly reduced workforce, harmonizing salaries to align with lower Products salary curves, salaries lagging inflation/competitiors, eliminating innovation and creativity, hiring outsiders to show us what we've been doing wrong....The list is endless, but there's a stinger. Dan and Kathie won't be here for long - our culture will suffocate them - our future leaders will have left, our SMEs will leave because frankly others pay better and it's more fun elsewhere.

So, a great set of results for the short term - driven by war and the impact to energy supplies - but beyond that there's not a lot of upside and even if we did some good business our workforce has been so decimated that we couldn't operate it.

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Post ID: @1sqm+1hWFoFz1

Who needs layoffs when low morale is equally as effective and costs nothing :)

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Post ID: @1qyr+1hWFoFz1

DW is such a cutting edge thinker, he would announce a layoff soon after an $18 Billion quarterly profit.

Based on past. DW would first announce that there would be no layoff, then he would announce the layoff.

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Post ID: @1xgs+1hWFoFz1

No. I don’t think people are feeling safe. They are just aware that more than likely, the “layoffs” are going to be delivered in the form of a PIP. EM knows that layoffs are a bad look for the company. It’s better to use a PIP and make the employee look bad.

I’m just waiting for my PDS discussion after I’ve been ranked. Where I fall has always been a cr-p shoot, but the last few years it has truly been a farce. I got ranked well one year that I knew was not my best and another year ranked lower when I had really cleaned up some messes and been told I did some great work.

With all the changes and people leaving, I have absolutely no clue where I’ll fall this year. I’m not worried about being laid off, I’m worried about being pushed out.

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Post ID: @1kbv+1hWFoFz1

What’s the point? Rather focus on ECA like ONES

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Post ID: @1awj+1hWFoFz1

@fwv+1hWFoFz1

You don't work for the company, troll.

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Post ID: @dey+1hWFoFz1

For fun I came back to this site. You dweebs are precious. We are making billions of dollars and I am swimming in a bed of money.

Bye, bye.

See you later.

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Post ID: @jzn+1hWFoFz1

I know I use triple-level VPN when I visit here.
You don't see many folks on the Tesla board, with all their layoffs.
Some of their new Austin folks haven't even got an AR yet.
Over and out.

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Post ID: @xdl+1hWFoFz1

Wait for the M&As to start, then the show starts.

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Post ID: @ech+1hWFoFz1

I’m out. If you think layoffs are not a thing, you’re wrong.

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Post ID: @fwv+1hWFoFz1

Like said below, I don't care any more. Let me go if you want, I'll not be losing anything now with what this company now is.

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Post ID: @ohw+1hWFoFz1

You should never feel safe and secure at XOM. Someone is always trying to beat your performance, and the end results are always severe.

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Post ID: @woj+1hWFoFz1

I think that's true, it's less visible now and I'm sure a lot is going on with confidential studies and programmes for rationalisation. When there's any large event in the near future, we'll be back to a fa---s hurricane.

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Post ID: @jgx+1hWFoFz1

After last review, my 12 month contract was renewed, but still has a force majeure clause.

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Post ID: @mar+1hWFoFz1

Layoffs whether or not disguised as PIPs are still there, but at a lower scale than last year, affecting smaller groups of people. In Europe we still see admin jobs offshored to eastern Europe (Czech Republic, Hungary) and technical jobs moved to KL, Bangalore, you name it...
HO in western Europe (Brussels, London, Paris, Hamburg) have shrunk, are shrinking or about to shrink. We might even see building moves. All of that is essentially is going under the radar, so this is maybe why it doesn't show up on this board.

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Post ID: @ztu+1hWFoFz1

Let’s see what happens after a recession truly takes hold and a windfall tax is slapped on us after earnings are announced. Oh, plus the ramifications of new legislation just approved to “avoid” inflation. Fun times ahead for the US oil patch.

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Post ID: @piw+1hWFoFz1

Maybe we just don't care anymore?

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Post ID: @oyp+1hWFoFz1

Many people are getting bumped up in their ranking compared to last year. It appears the Company is selectively eliminating the layoff PIPs in some groups and disciplines for retention.

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Post ID: @jfi+1hWFoFz1

I feel safe for 12 more months after my ODS discussion.

Like a 1 year contract, but your statement just made me doubt the 12 months. Could let me go in December if there is a downturn.

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Post ID: @hkw+1hWFoFz1

I could personally never feel safe here, but that's just me.

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Post ID: @ero+1hWFoFz1

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