Rumours say that PAC plant will shut down tomorrow. SCP is sold to Shell. Pioneer is taken over by Russia. SAR2 bought over me.
5506 replies (most recent on top)
Rumour is flying around that this and next year PIP % is likely to increase 2 digits figure. Double strikes and out you go, no question ask.
Pretty worth it. Salary up nearly 50% since leaving EM last year, though this is coming from a low base as I was quite junior when I left. TBH, I hold no ill feelings towards EM, because I think it has helped me get to new places. Much of my salary increase is just due to the job market heating up in the tech sector.
For those who choose to stay , enjoy the rocking chair leadership- A lot of “motion (like songs and dances” but not moving anywhere lol .
Well you have a few choices in front of you. Be part of the additional 3B when you get PIP, update your resumes and be ahead of the curve, or you can EMagine a better future by staying. All the best my friends and adios!
How many headcount is $9B?
TMTS is coming, check it out with your colleague at India.
Structural costs will decrease by $9 billion by the end of 2023… this is $9000M worth of head-counts and without a good foundation, it will definitely collapse like Nokia and Kodak!
There is not much career per se any more for engineers as well as for management.to cut more cost must cut layers too many managers so called leaders reliability leaders advisors enablers, does all these ppl come out great great ideas to improve bottom line or make plant more reliable and conducive to work ? downsize to flat organisation will reduce cost and minimise stewardship ideas, KPIs, and reduce work processes which many overlapping here and there because managers need to show their work too so by creating work process it create non core value added process. Does it change how to run crude to lubes or finish products chemicals… the sales volume.. but fact is that it cannot be done as it eat to rice bowl of managers as well sad but true organisation just too fat in management, working level is low in competency, hiring is difficult to attract top talent, attrition high. Many ppl in mid 40/50s start to count down retirement as long as don’t get pip and squeeze bottom layer as much as possible to get credit from them. Who cares you overloaded, no one all talkcok. Newbie get overloaded to get some MNC experience and jump boat in years to come and managers get busy as usual to hire ppl, managers are happy although they shake head because they are quite busy of all these cyclic problems. It nicely fill managers time.
https://news.yahoo.com/exxon-cutting-even-more-costs-144345618.html
Is this a surprise ? It’s obvious the DW has run out of tricks. If you go back to the all familiar analogy of a rubber band. It is obvious that going fwd he is well aware that oil price will slide ( what goes up parabolic will come down parabolic) . He has no clue to generate more revenue streams ( they are drying up due to renewables , brains drain etc) moving fwd, so in order to safe guard shareholders ( whom he and his cronies are the big elephants in this group) interest (of cos share price from tanking) , he will need to keep pushing down the lower end of the rubber band ( ie cost) . For a company that keeps focussing on cost cutting instead of growth , it’s a company suffering from the last stage of terminal “ cancer” . There are 3 groups of pple in the company now : 1) 先知先觉- those who are first to know . They will take action to move out and switch runway 2) 后知后觉-those who know later. This group is likely to suffer and struggle when they decided to move later . They are like frogs who are being half cooked in a slow steaming pot 3) 不知不觉-the self denial ones . These pple will be boiled and sink with the company… which category are u? May the force be with you… I just tendered . Take care remaining comrades .
Exxon Is Cutting Even More Costs -
https://news.yahoo.com/exxon-cutting-even-more-costs-144345618.html
"Structural costs will decrease by $9 billion by the end of 2023 compared with four years earlier, a 50% increase from the previous target, the company said in a statement Wednesday.
Song bo?
Always have résumé ready
Be financially independent (that is if you can in the first place) , then to he-l all the cr-p that people give. You are in charge.
Why worry so much about career in EM? If you are good, no amount of wind can bring you down. Be it in EM or outside. Focus on growth, development, enjoyment and money?
OR you can EMagine there’s skill development and money opportunities here in EM, while trying to survive a 8% PIP. Should be a lot of fun doing so, since you are surrounded by caring leaders and great supportive colleagues, who trying not to be PIPed themselves. :)
Go where there is skill development and money opportunity.
Shopee or tech companies , one thing for sure the skill set they learnt will definitely keep them afloat for many more years to come … staying in this half sinking titanic will definitely bring us to the bottom of the sea bed soon. Jump or not jump you decide . I am jumping for sure … Unless u are in your late 40s or 50s and have accumulated enough money to retire when the ship sinks .:.
How’re our good old friends in Shopee and other tech companies doing? Was it worth jumping?
Got EMoc also if you all still got interest lah
Cheers
Fret not guys! There’s EMagine. You can EMagine the good times you are not getting in reality.
I am unhappy but i am not stupid like U with blind and misplaced loyalty .
Why are you still working here? You are free to go if you are so unhappy about it. Do Not Leech on this company until you find another job.
Many are waiting desperately to contribute to this company.
russia invade ukraine, stock price up, shareholders, managers and executives are happy now. Can see the grin of their faces already while we are still struggling.
Worker bees , those who stay shd not call ourselves “ we are ExxonMobil” we shd change the tagline “ we are gladiators” the fittest survive ! We are fighting one another at the f$$king pit , while the rest of the mgmt sitting at comfortable seats of colosseum watching and entertaining themselves . Those given pip are at the mercy of Emperor Titus ( GC) thumb up or down … what a life ! Anyway , am throwing my letter end of the mth:) signing out and all the best to the remaining gladiators . I am waiting for the day to see the “emperor” being compelled to roll up the sleeves like emperor Marcus to fight like gladiator … then he or she will know what a life … AH
Thanks for confirming the salary of CL29 . For exec it is $500/yr not including stock option, so worker bees do your calculations . We just need to trim 5-10 pple from this level we can save how many worker bees and yet the organisation’s effectiveness will not be affected . The morale will instead go up. Pple at this level are not held accountable to their bad decisions and poor judgement . They are “bullet proof” , is this fair ? They crafted this pip scheme for worker bees letting them compete with one another, like the gladiators , for a comparatively meagre salary we are earning, don’t u feel sick? I am definitely not going to be a fool allowing myself to continue in this sick system . Exec like GC said we are over paid for our job , really ? What abt her and her comrades ? Have u wondered what her typical day looks like for a pay >$500k ? What has she done for Spore employees to deserve this pay ? Talk abt over pay ! Pot calling kettle black ! Shame
I can confirm that CL29 salary range is higher - at $350K to $400K pa.
In my opinion, we are just too heavy too light bottom. This resulted in high cost structure . The last retrenchment , instead of streamlining and getting ride of execs and 28/29 level we got ride of working level of 27 and below. On the surface , the layer of fats were gotten rid of but the effectiveness of the Organization gone down drastically… bec we got ride of the good fats , the bad fats are still around ( execs , >28 and above). We eliminated the ground troop that was engaging customers and we kept all the high cost pple (cl28 and above) who are not customers facing or operational. These CL 28 and above are good only at doing “ internal bz” , so the work churn continues by them which eventually cascading down to the already shrunk workforce ie CL 27 and below …… what do u think? Let me draw analogy : all the Cl28 and above are drummer of a dragon boat , those Cl 27 and below are the paddlers . After the major retrenchment , you know how EM ‘s dragon boat look like ? Instead of typical 22 paddlers , we have only 10 paddlers doing the job meant for 22 pax . Instead of one drummer , we have 2-3 drummers beating the drum , worst still all at different rhyme ! Where do u think the boat will head to?
Seriously, we don’t need so many execs and 28/29s to churn paperwork and play internal politics …..the failed retrenchment exercise that brought the permanent damage is the failing of all these pple trying to preserve themselves … that is why the boat will sink . So I don’t why have self denial pple in this forum still pinning hope on this company.
that is why the 24/25 need to quit to de-sandwich the 26/27 based on what you are saying. And that's via NSI PIP
The problem is bec we have the layer of 28/29 being paid super high salary of 300k/yr . Some are single contributors and some are Cluster mgrs who are there literally doing PowerPoints which the 26/27 can actually do the job ! These 28/29 are there to baby sit the execs play internal politics . 26/27 are the sandwich class . So get the facts and issue right otherwise wrong diagnosis and wrong action taken which is often what we are good at doing .
What level are most managers? CL 26? CL 27?
You’re right that many single contributors CL26 and some CL27 are slowing us down. EM knows about this, will give them with PIP/L and force them for early retirement at 55.
folks, there is no more career development here, just make use of the WFH opportunity to farm and build your own side hustle, stock portfolio, new house etc. Honestly, unless you are <5 years exp, if not the pay over here is still decent.
This is only for people who think that EM is done, but can't find a job or no plan B.
PIP is okay. Whether the system is fair is another thing. Good connection, but mediocre capability, you will still be in good hands.
@8Rmax+16zEvLP3
There are many mediocre, single-contributor CL26s earning up to $180K pa and even more CL27 professionals earning up to $210K pa, circulating in our system … all stagnating, with no upward mobility to designated positions in CL28/29, ever.
Now, how do we handle these types?
Unless you force-eject them with an 8% PIP each year, most will choose to stay … cos they can never get the salaries that they are earning now in EM, while doing the SAME job outside!
Many have realised, through various job interviews that to earn even near-parity salary, they’d need to hold higher / wider job responsibilities outside.
Otherwise, they’d have to accept a pay cut, to transition to similar levels of job scope that they currently do in EM.
That’s the sad and bitter truth!
If your pay is low, you would have gone out of the door right? Why is it that I’m still seeing people working so hard? Means well paid enough isn’t it? Increment is cr---y, I heard, yet no mass resignations. Just attrition here and there, which is normal.
Let’s not make a big deal out of a few people leaving the company for perceived greener pastures.
Was reminded by some senior managers there’s too many CL26+ around in the company and looks like they won’t leave on their own. They needed to be PIPed out.
8Pksw+16zEvLP3 : "Give you premium package, fair to expect premium service!" I felt that this statement is too general to apply to everyone here.
8Pksw+16zEvLP3. You asked pple not to feed the troll. Calling pple pathetic , so why are u in this site ? The reason why the company is in this pathetic stage is exactly we have trash and hypocrite like u hanging around . This place is for troll , not for trash , find your dust bin plse
more posts on EM Singapore board: https://www.thelayoff.com/exxonmobil-singapore
after 11 years, i still like it and very appreciate that i am here.
i do understand why some folks are frustrated, rightly so.
my team is good and my boss is awesome, a great mentor, so i stay. money is ok.
Another joker. Talk so loud but dare not go at all. Why? Because you cannot find anywhere else giving you similar remuneration package.
Give you premium package, fair to expect premium service!