Corporate Affairs and HR layoffs started yesterday.
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
https://www.bloomberg.com/news/articles/2020-06-18/saudi-aramco-slashes-hundreds-of-jobs-after-slump-in-oil-prices
https://www.bloomberg.com/news/articles/2020-06-18/saudi-aramco-slashes-hundreds-of-jobs-after-slump-in-oil-prices Saudi Aramco Slashes Hundreds of Jobs After Slump in Oil Prices JAVIER BLAS JUNE 18, 2020 Saudi Aramco, the world’s... — read more
Why are posts being deleted?
What happened with 'freedom of speech'?
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
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
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.
Facing more hostility than usual. Sign of things to come
You are not stuck here with me....I am stuck here with you.
Hiring freeze
Is there a hiring freeze right now?
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
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?
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?
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....
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
#1 profitable company in the world / new york times coverage
https://www.nytimes.com/2019/04/01/business/saudi-aramco-profit.html
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
How long before Aramco's Tax Treaty with the USA finally breaks?
For the Americans that remain ... fewer all the time ... this a relevant question. The company has already gutted the US Payroll Post Retiree Health Care. The vast majority of new hires now coming from outside the USA. While the Aramco school still... — read more
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
ES expat layoffs
Happening again....
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
Anyone heard about no expat extensions for 2019?
Hello looking to find out if any one heard that for 2019 no extensions will be given to any expats even if E+. heard from a few in DHA
Saudi Aramco buying Sabic- one more reason to believe we will never see the IPO
Just came across this article and I have to say that I agree with the author. The Sabic acquisition was the main point of the plan to go public and the fact that Saudi Aramco is considering alternative sources of financing this deal gives us proof... — read more
Any layoffs expected?
What's the situation on layoffs currently? Are we looking at more before next year?
Saudi Aramco officials claim that the company is ready to go public
We all know that this has been going on for too long and that the company’s IPO has been prolonged several times, so I take the statements of the company officials with a great deal of caution, but this is the first time that the company gave a... — read more
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
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
If you got Laid Off at Saudi Aramco
How did the exit interview go?
Expat Employment Extensions past 60
Quite a few expats still seem to be getting employment extensions past the age of 60. Whats the criteria?