@18vuk+16zEvLP3 I am also worried and guilty of some luxurious upgrading during last couple of years. Luckily my spouse is not in the same industry and we can still support the family. I hope you have sufficient savings to temporarily nail through if happens. Upcoming singapore layoff will be very sneaky, selective and likely come as a silent surprise. We just need to more careful and prepared.
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Don’t forget about the 1600 U.S. employees recently separated for “performance” reasons, which was really just a layoff in disguise. So, the U.S. employee cuts are actually 3500. That’s about 19% of U.S. above field employees (ie. excludes field Operations employees which are out of scope for cuts).
- We are EM together! Pay freeze and headcount cut together! Darren chooses us to take a perpetual rest from office...ermm...Together!?? Wait...almost fell into the comms trap, need to open my eyes bigger.
My spouse is a homemaker, so I really hope that I will not be retrenched.
Looking at the recent layoffs: Australia knocked off 20% of their overall headcount from voluntary retirements, then another 1600 will get booted from Europe and more recently, 1900 from the US.
That’s scary, isn’t it?
So who’s next? IOL (Canada), Singapore?
I will hazard a guess on Singapore’sh– rate: 1xxx, covering the 3 value chains and General Services.
Just the thought of it takes my mind away from work, every single day.
Be prepared, SG layoff announcement will be out in next few wks. Phase 1 , Est. 200-350 by end of this year and phase 2 in 2021. Good luck to all...
I agree with both. Nothing they can do now but HOPE for higher oil prices and Pray that they are not screwed further.. but Darren told us.. he needs to help Grandma.. living off our dividends.. lol.. he benefits from it too. He must be grandma! And he will bill soon leaving the next CEO to clean up this mess..
We are EM! Together!
@18tag+16zEvLP3
Yes. Do not over invest in where you work. For goodness sake both spouses must not be in same company (common sense)! I know of bosses and management so proud of owning plenty of XOM shares. Now looking at their faces in zoom and back at work (laughing underneath 50% poorer, need to hold perpetually calling it long term?)
@18ccp+16zEvLP3 You are either a troll or you are so screwed.. But I’m happy to buy some off you if the price is right. Ex-employee friendship discount, 50% off. Thankfully I have invested in tech and renewables, else I will be like those that are vested in this company.. screwed by management..
I am a mid-career EM local employee, looking for another job - as a preemptive measure, before the bigger layoff is announced (soon), or by next year’s PA, where more NSIs - dropped from this year’s Good & NIs, will be asked to go.
Currently drawing a salary of >$10K/mth - average for many mid-career folks, but the PMTE job offers available now in the SG market, go for $4-6K/mth only (with experience).
So how?
With 50% of my current salary, I can’t even support my mortgage and car loan payments, not to mention my family’s subsistence needs!
If I choose not to jump ship now, I am quite sure that I’d be asked to go before mid-2021.
Still pondering on my life’s (no longer long-term career) options. :(
I am at my wits end. HELP !!!
@17ges+16zEvLP3 should still be applicable. Maybe less.. those getting “very good” and below.. please use your WFH hours wisely.. do up your resume, get another job. Remember if you fail to plan.. you deserve it when Sh–s the fan.
probably not for us in Singapore.
Assessment standards for the boot according to our US peers.
40% - skills & critical thinking
30% - fit long-term vision
30% - current and prior performance
Girls and boys time to show off every secret weapons of yours and battle it out?! Please don't stop and focus in your battle. I need some space to secretly dig out an escape route unharmed for myself.
Assessment for next boot according to our US counterparts.
40% - skills & critical thinking
30% - fit long-term vision
30% - current and prior performance
Boys and girls time to unleash your swords and spears - Fight it out! Please don't stop so that I can secretly dig out an escape route unharmed.
ExxonMobil to slash 14,000 jobs as effects of pandemic hit oil demand
ExxonMobil to slash 14,000 jobs as effects of pandemic hit oil demand
BUSINESS & FINANCE
October 30, 2020, by Bojan Lepic
- S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices.
ExxonMobil said on Thursday that the company, as other oil producers, would be cutting costs due to a collapse in oil demand and badly timed new projects. The top U.S. oil company earlier outlined more than $10 billion in budget cuts this year.
“The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work,” the company told Reuters.
ExxonMobil spokesman Casey Norton said that an estimated 14,000 employees globally, or 15 per cent, could lose jobs – including contractors.
An estimated 14,000 employees globally, or 15 per cent, could lose jobs, including contractors, spokesman Casey Norton said. The cuts would include everything from layoffs to retirements or performance-based exits.
Exxon had about 88,300 workers last year, including 13,300 contractors. "We are not targeting a headcount reduction percentage," Norton said, adding that the "end result" of its country-by-country reviews "may be close to 15 per cent of our global workforce."
easy option is to wash hand and retire. I want my full bonus.
Singapore, mere unfortunate PIP/PIL batches took place ahead of the completion of “ resource study plan”. Management not emphatic to employee who have contributed regardless of their years of service and concealed the ultimate intentions. The choice is in our hands, we landed into a $cum lead company, keep our chins up, stay strong and move on, no point dwell in such toxic workplace, by the I was impacted within age 50-60s and have concluded life can still goes on without EM, no more migraine, Tummy cramp etc...
Stay strong !
@17tuj+16zEvLP3
Hope you are next on the list and make sure you leave quietly.
Hi there! First of all I would like to express my solidarity with you. It must have been difficult to experience this, especially during this time. I know quite a number of people willing to also give the laid-off workers support and solidarity, and we would like to understand a bit more about your situation, and what you and the workers intend to do in response to this. Please email me here smiley8digits@protonmail.com if you are keen to talk. Thank you so much!
Em has it coming. It has been paying those JLB for years.
A layoff is a layoff = job losses for many of us.
Whether the compensation is deemed adequate, or not, is a separate issue.
When told to go, just go. No amount of reactive energy will change the outcome. Neither will it up the quantum of compensation due to you.
You’re just not needed anymore. Plain & simple.
Thank you for your past contributions!
I don’t blame the SG management actually because there’s nothing much that they can do. The decisions are just made in Dallas / Houston. I don’t know what the folks in SG are expecting honestly.
However, I’d have expected an adherence to local laws and customs, such that if you are taking $$ from the government in the form of JSS, you don’t have a disguised layoff.
Now whatever calm words the sing management advice or say, it makes them look not credible. Probably prefer to hide behind the wfh on their expensive comfy chair, no face to meet any of us.
DW announced US and Canada would be next during the town hall. No betting required.
This article was first published on Rigzone here
ExxonMobil (NYSE: XOM) has outlined that it is undertaking “thorough and thoughtful” assessments as it seeks to make its organization more efficient and nimbler.
“We all recognize the consequences of these difficult decisions and the impacts they have, which is why we’re focused on getting it right by undertaking thorough and thoughtful assessments by business and by country,” Darren Woods, ExxonMobil’s chairman and chief executive officer, said in an email sent to employees recently, which confirmed that more staff cuts are coming.
“We believe a bottom-up assessment is the right approach for our business and employees. Unfortunately, these assessments take time, which can cause additional anxiety,” Woods added in the email.
Unfortunately, this time round, it will be a complete top-down reorg, not just a PIP exercise to target the “older folks”, and non-performers.
Redundant sections will be removed, whole departments can diminish or get truncated, or absorbed/merged into another.
If you read the latest, executives, MPTs and SAs will be targetted, but not the FLS and bargainables.
Sales and Retail headcount could be be downsized.
I guess those older folks will be chopped. These group are hand pick and targeted to achieve maximum cost cutting. PIL/PIP is a low cost tool to remove employee, it should be the best practice to be implemented in Singapore.
Any news about who took PIP, r they managed to get thru
Sg is asia hub, but we are a too expensive in this environment. Either cut like US or no increment a few years.
Australia, Europe, US have been announced. Bet next would be Canada, Singapore due to high amount of employees.
It’s cheaper to PiP in next cycle vs layoff based on departure timing and package. Hence lower than expected numbers
Expect the same in SG where PIP is an amazing lever to pull
Only additional 1900 from US
from bad to worst... look at our US folks.
About the results and impacts from the US study? I'll let you think about that for a second...
Any calls for Singaporean employees?
We used to execute projects well. We used to make smart decisions in the market place. We used to be ethical. #wewereexxonmobil
Now we are just another company who’s fighting for survival and doing all kinds of desperate acts to survive- like PIPing employees who shouldn’t be pip.
Run for exits... if you still can...
“The Exxon brand is so broken in the mind of the market,” says Mr Sankey. “The next generation don’t want to own environmental public enemy number one.”
Losing support everywhere from public, government, investors and employees. Ethics in question?
Don't worry. When mom comes out and says they aren't doing anything from the people let go by PIP. there will be more let go from the wave of layoffs.
@15awn+16zEvLP3 please do not underestimate the capabilities of our fellow people. No one is narrow minded, unless one is living beyond their means being tied down by banks .
This has got to be the most viewed thread in the entire layoff.com across all companies. Raise your chin high Singaporeans!