Topics regarding layoffs at Saudi Aramco

Topics regarding layoffs at Saudi Aramco

Huge salary or monthly compensation payment?

Huge salary? Hardly! It’s more like a mediocre salary with extras to compensate for the mental trauma and psychological damages done by working here. Do you think the monthly pay statement is known amongst expats as “the monthly apology” for a... — read more 

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| 11000 views | | 9 replies (last July 12, 2020)
Post ID: @OP+15zQpm4A

Practical advice for American Aramcons being laid off

I'm a former Aramcon. Left under my own decision a few years ago, so my situation not the same as those who are being laid off now. Here's my thoughts about how to get through this transition. Print out your job service letter. Go to JAHA... — read more 

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| 10070 views | | 5 replies (last July 11, 2020)
Post ID: @OP+15yJFXuO

vixioua

Being laid off is never fun or an easy pill to swallow. It’s especially difficult considering the current employment conditions most people will be returning to in their home countries. Not counting the additional stress of uprooting the entire... — read more 

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| 7100 views | | 4 replies (last July 5, 2020)
Post ID: @OP+15xzWumo

It's pretty clear what happened here

Expats who have been with the company the longest have the highest pay. If the company needs to save money, it will ALWAYS first cut those who cost the most. It's the logical move to make. There is no conspiracy theory or anything like that, it's... — read more 

Well said!

Layoffs sometimes are a necessity and Saudi Aramco has been a great employer that sometimes we forget that it might go through rough times and downsizing becomes inevitable. The portion of the layoffs is much less than the majority of the companies... — read more 

Harsh Layoffs

There are many reasons for the lay off going around... I think the way it is being done, during the pandemic is very harsh..people are stuck here, have not seen their families for months, and have been loyal to the company for many years. To... — read more 

600 Cut - IPD, COD, fpD, audit

The number is around 600 between now and end of month. Today they hit IPD, COD, fpD, audit... This was the first batch. If you are working from home and receive a meeting request in the office then that’s probably it.

2020 blood bath

And so it begins. 20 odd expats today. Slow drip till the end of the year.

Stay vigilant folks.

The bun fight has started! The USA pulling two Patriot Missile Batteries from KSA.

How bad will this get for us?

https://www.npr.org/2020/03/08/813439501/saudi-arabia-stuns-world-with-massive-discount-in-oil-sold-to-asia-europe-and-u-

Pre IPO House Cleaning

What do you think about this idea? Cutting a bit here, a bit there. Focus on contractors. It'd improve the overall cost profile and help with the IPO

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| 4490 views | | 2 replies (last December 21, 2019)
Post ID: @OP+122o8QoI

Aviation

Anybody know if anything new is happening with aviation? Privatization? I heard their manager resigned.

New round of layoffs

Rumors of new round of layoffs coming between now and July. Any idea which departments?

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| 7900 views | | 9 replies (last August 16, 2019)
Post ID: @OP+Zvl8uwM

Looking for work before or after aramco

Hello looking to find out if when you found out that you were not going to be extended. Did you send out resumes while working at Aramco or just wait until returning to the states and after a month or two look for another job?

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| 4510 views | | 1 reply (June 7, 2019)
Post ID: @OP+Zn0YCkl

Global Payroll Severance Buyout?

I heard a rumor that Aramco will be terminating the severance pay that we are supposed to get. Everybody would get paid out for existing service, but nothing would be offered from that time forward. Any truth?

IT

Does anyone have any idea what will happen to expats IT in the next few months/years? Lots of rumors about complete saudization.

Slump in Aramco bonds

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-04-18/hype-meets-reality-as-aramco-bonds-drop-after-unprecedented-sale Investors are already dumping Aramco’s bonds If only we had gotten the opportunity to short that IPO....

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| 2960 views | | 5 replies (last December 26, 2019)
Post ID: @OP+YEr4whB

My area is really going to $h^t

Hi Everyone, I figure that if I can't transfer, its time to go. However, there is another area under a completely different Senior VP who wants me. Conditions there seem more sane. Other people from my department have had their transfers blocked. HR... — read more 

Lay offs in lieu of IPO?

A lot of rumors going around again in light of the Sabic deal recently. I work in Aviation and have been dealing with privatization rumors for two years now. The impact it's had on me and my family has been quite stressful to say the least. Unlike... — read more 

What happens to Chemicals now that we own SABIC?

Aramco has long struggled with downstream, period. Chemicals in particular. Just look at SADARA. SABIC might not be all that, but its pretty safe to say that they have done better than Aramco. It would make sense to let the SABIC folks run the whole... — read more 

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| 3280 views | | 2 replies (last April 4, 2019)
Post ID: @OP+YjSfs0o

Aramco Services Company is being run into the ground...

No capital funding for any projects that are required. Layoffs happening, many staff are over worked and management doesn't seem to care. Long term employees are quitting. Worst management this place has ever seen.

Aramco US saving plan 50% savings

just looking to find out if others have made the mistake of having too much being taken out of their paycheck for the US 401K plan only to learn the sup. saving plan is taxed at 38%. A fellow co. worker did this and after 23 years of saving found out... — read more 

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| 2740 views | | 2 replies (last March 17, 2019)
Post ID: @OP+XUv0REA

10 years with aramco and pop is always m

Hello been with aramco for ten years and have a pe And a master degree. Every year my pump has always been “m” but, the can’t tell me why. Has this happen to others? I am an expat

Any layoffs expected?

What's the situation on layoffs currently? Are we looking at more before next year?

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| 2610 views | | 3 replies (last February 23, 2019)
Post ID: @OP+VUt2pVu

CEO Nasser doesn't know when Saudi Aramco will go public

I’m starting to think the company will never go public, and that all of the announcements were just stunts. Every year they say next year and now even Nasser has no idea of when and if it will happen. Does anyone else think we are not going to see... — read more 

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| 2940 views | | 11 replies (last February 16, 2019)
Post ID: @OP+VjtpBqk

If you got laid off and found a new Job

How does the overall package at your new employment compare to Saudi Aramco? Benefits? 401K? Medical? Pension? Housing? How do the working conditions compare? Working Hours? Commute? workplace communication? performance reviews? co-workers? career... — read more 

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| 2840 views | | 3 replies (last August 24, 2018)
Post ID: @OP+UzRKBwl

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