My team has been decimated by layoffs and resignations. I know what is coming. We will be forced back in the distribution and people who were formerly in the middle will find themselves at the bottom. It will be a tough pill for many to swallow. When will it end? If the company keeps shrinking and doesn’t start growing again this is a one way trip to the bottom for most of us.
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What’s goin on in Delaware? Do we have anything there?
I understand this would be a USA-centric board, but reduction in workforce is less than you think.
The force is being offshored and outsourced - to where things are cheaper and easier to manipulate.
That's simply business.
Don’t say I didn’t tell you so when you get your feedback and ranking.
I havent seen a place where morale is so low and where management still does not care and still thinks they can continue to win.
Must work in the Delaware....
Just heard on TV - 15 minutes can save you 15% or more
They are going to keep terminating and keep allowing attrition until only sunflowers, Kool aid drinkers, bu-t kisses, yes men/women, upward managing and brown nosers are left. We are ExxonMobil and We are Winning.
You also don't pay pensions by removing the benefit. Keep up now.
Haha some people think we are going to find the min size of the workforce and then stop firing. You haven’t been listening. They want turnover and headcount reduction. Don’t have to pay pensions if you keep cycling people through and moving jobs to the BTC.
Most of these posts look like trolls.
I would definitely be worried if I was in your shoes but then again it all depends. EM is rebuilding (just like a sports team) so the targets of the layoffs are going to be the expensive old people who dont contribute any fresh ideas.
The company can no longer offer anything that remotely resembles upward career mobility as a shrinking organization does not provide opportunities for promotions.
I would guess cutting 10,000 employees would easily get the company to $3G. 14,000 gets it for sure. Must be a fairly high percentage of lower cost contractors in the mix to push count up to 14,000.
$3B in structural efficiencies have to be found. The company is using an under-handed cheap way to get rid of people.
EM didn’t layoff the bottom of the rank list for years, so don’t assume they will do so annually going forward.
Target is 15% people. Probably over halfway there now, so maybe another 6-8%, maybe less. Once right sized for fewer, larger projects, staffing may remain fairly constant like it was for years.
Not 30%. Not 50%. Not even 20%. Another cut in the single digits. 6-8% likely. That’s hardly a one way trip downward for most of us. If anything, survive this next round and your job is probably safer going forward than it has ever been. Perspective people. Perspective.