Oil price is high, we are making bucket loads of money. Attrition seems to be slowing down. Just wanted to check - is the way EM treated everyone over the last few years forgiven now or people just waiting to leave or just ready to stay for ever. Does anyone see the future getting any better?
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For Upstream folks, good jobs if you have real field/rig/frac experience, if you are a desk jockey or powerpoint engineer you are screwed, and consider Changing industries (lots of jobs for desk jockeys out there, but not in the real oil field). Great jobs in Midland. I loved working in small towns in the past (Kingsville, Tyler, Midland, Andrews and Lafayette, where you could be on the rig in a 30 min drive or 1 hour helicoptor flight offshore).
Yup, all forgiven now. The employees have forgiven supervisors, supervisors have forgive their managers, managers have forgiven VPs, VPs have forgiven MC, MC and board has forgiven id--t and underpaid CEO. So yeah all forgiven. Employees who showed concerns for those laid off and pipped never did anything for them, so those folks forgave employees as well for teaching them real and practical life lesson.
DW lead a layoff after promising no layoff.
DW sacrificed excellent EM employee’s livelihoods because he had previously lead a ramp up of 5000 new hires.
I recall that during the previous downturn, EM announced that ramping up would only be done with contractors and employees would be kept at base level. EM Executives went against that Lesson Learned and against that promise and started that hiring binge that caused the need for a layoff.
DW should fire every executive behind that broken promise/root cause of layoff.
Take away their RSUs too.
Not an inch! You wanted “war” , you will receive the same thing. When we were making tons of money for you we are EM, now We 55 you kicked our @sses, now We will give you hard time as much as we can. Remember you like to backstabbed people, now it is our turn.Let’s make the cube more famous that it was before.
Spot on, @4zvg+1fBgZW1W. The 2018-2019 hiring spree was really unbelievable. Many of these to “market” fuels - LOL. Hopefully Product Solutions right sizes that nonsense and starts running it like a commodity business because - news flash - it is.
I remember DW publicly stating early 2020 that there would be no layoff.
End of 2020 huge layoff.
DW neglected to layoff the executives behind the huge hiring wave of 2018-2019 which added 5000 employees. Oops, DW was one of those at fault for that.
Basically executives come up with bright idea to hire 5000 new employees and get bonuses then less than 2 years later come up with idea to break a promise and layoff 5000 employees and get a bonus. No accountability, just bonuses for mistakes then bonuses to fix your own mistakes.
I am just going to skip the forgiveness.
The market for upstream professionals is picking up. You can find a job and pay and benefits comparable especially if you want to go to Permian/Midland. Market is picking up in Houston but good market for operationally focussed professionals (wells/fracing). Still weak demand for exploration geologists, because deepwater is still slow. Not much of a market for powerpoint engineers
Shouldn't be forgiven. If a anything, it should be remembered that on face the executives continue to say people are the most important assets and behind the back and within their mgmt. circles they keep keep saying that it is a commodity business and treat people like a commodity. The difference between now and before? Previously the mgmt. would lie under the wraps and now they lie on face knowing that employees know that they are lieing. I applaud the mgmt. for showing such an audacity and bravery towards their people.
Price of oil over $120 per barrel and DW commits to $3 Billion cost cuts!
Layoffs in bad times plus layoffs in good times.
DW misses the mark again. F-/:ing genius.
His next big move will be stock buybacks to make all profits disappear and keep no money in savings for the next downturn.
DW NSI.
Spy Tales From the Crypt. The setup and blue dye ops - Conversation by a mountain waterfall began it all and then confused them all when I backed away from it all, but setup the Railroad Man (best agent of them all, really into it, he must have practiced his shtick day and night). Then came the two blue angels from HR, burning the Railroad Man in the process. Then Humpty Dumpty executed the "do not talk about HR stuff entrapment". Sent the Blue Indian (very nice person, awful spy, so may tells, not into it, but promotion promises, RSU'S, future favorable treatment will turn most folks) and furthered the entrapment by breaking the "do not talk about HR stuff" rule. The rules do not apply when it is the Company breaking them. The final act was when Treasury Dude (got visibly uncomfortable when spying) tried to out me by point blank asking about the HR entrapment, none to subtle he was. Humpty Dumpty, following a project review (project filled with spy joy, entrapments, fake funerals and falls, and so much more, but a Tale for another day) almost fell off the wall when he leaned in so far to over hear our conversation I thought he was going to tip over and I would be pancaked.
May God bless you all and The USA!
We have manipulated - Researched this crude molecule to the maximum efficiency. Not sure there are anymore catalyst breakthroughs in the pipeline. We are losing Technical and Technicians weekly here in Annandale 08801.Corporation- Dallas still has its foot on the gas pedal to reduce OPEX .. Starting to turn the lights out in the lab wings, only the lazy are left not feeling good about the future of “Research “ here, just wasting Hydrogen daily…moral worst I’ve ever seen. See you in Spring/Baytown……there is a plan, lots of KoolAid here…….k
Here comes O&G bo-m. I’ve been through several bo-m/busts cycles in the last +30 years. If you have anything REAL to offer this industry you are going to be able to pick your company and salary depending on your skill set (sorry IT/H, not you, you folks are non-core). Once you secure your new job and fine new salary then you should save like heck in preparation for the next bust. That is how it is done if you want to retire FI.
Never Stop Looking For The Next Job.
Would you forgive your wife for breaking her oath and cheating on you?
Would you forgive your parents for sending you to foster care while they are alive?
Maybe some of you would, but I wouldn’t forgive a company or rather greedy executives that only care about themselves and never cared about their people!!!!
I may consider forgiving TRUE LEADERS who obviously don’t currently exist at XOM if when they make a mistake, they admit and ask for forgiveness!!!!!
Here’s my answer, hope it helps and wakes you up from the brainwashing process you’re still living in.
@ywr+1fBgZW1W
In Europe the NSI "standards" are also applied, unfortunately, but with lay off packages, imposed by legislation. The voluntary redundancy packages were a one-time offer, for a company reorganisation for which by law compensations are due. Having unions representing workers is not a bad thing.
Have you ever set in the distance during an East Texas smoking of brisket? Oh, all of this depressing conversation just seems like a bunch of whining. Enjoying a cup and they’re passing out cigars. Gotta go. Have fun in Spring.
Future getting any better? As saying goes - 1st Time Shame on You, 2nd Time Shame on Me. 1st time E-M merger, 2nd time Covid downturn, with XTO and other minor events in between... Down vote if you are so determined to believe 3rd time is a charm.
Just waiting for the coming oil-bo-m to start. There will be a ton of new projects to meet the “hungry” oil demand from developing countries.
Will all the technical roles moving to the TC, who will want to risk their future here?
Yeah, it’s all good for me after raises again last year. So much sour grapes and complainers here. Get a life y’all.
Throw a bone and there will plenty of dogs. EM has nothing to worry about when it comes to employees as long as it has some bones to throw.
@awe+1fBgZW1W In Europe they get redundancy packages, for either voluntary or involuntary redundancy programme. I don't think in Europe the campany can fire them on the basis of performance not meeting company requirements.
I agree that oil and gas is risky business.
Because of the ups and downs, stop stock buybacks and save that cash for the bad times that we all know is coming.
The executives that can stop the buybacks are not worried about keeping an emergency fund for the next downturn because their jobs are never at risk during a downturn.
In the next downturn, they will announce another layoff and get a bonus for “saving” the company.
If EM saved half of that $200 billion thrown away on buybacks, we could have kept all drilling and projects steady during the last downturn and be producing more oil when it rebounded to $100 per barrel.
He-l no. There are more PiP firings coming soon.
The O&G industry is a very risky business and with the current crisis, despite the immediate spike in cash flow for the corporation, people will step back and ask the question "what is this commodity that I am so dependent on and are there alternatives." And there goes the writing on the wall.
Hard times=workers suffer no company match then weaponized PIP then the layoff that was promised not planned.
Hard times=Exective compensation unchanged and no executive punished for the bad decisions such as hiring binge that was a root cause
Good times=workers remain under constant threat of weaponized PIP
Good times=executives cut budgets further and threaten further worker reductions to torment all workers and ki-l morale while raking in even more stock options
Maybe there would be forgiveness if the executives gave bonuses to all, removed weaponized PIPs and shared in the pain by being subjected to layoffs and pay cuts just like the workers.
PS. Executives need to stop the stock buybacks and save those Billions in a fund such that the downturns not go so low
“we are making bucket loads of money”
When you say we who exactly do you mean? Definitely not us worker bees. I couldn’t give a damn if managements RSUs are doing well or executive bonuses are rising. It has no impact on me. I’m definitely not making buckets of money. My pay doesn’t rise with prices but it certainly did fall when they cut the Permian premium and 401k match. Fastest I’ve ever seen management make a decision.
Everyone is still upset. Like the company says, a reputation takes years to build but can be destroyed in an instant. The actions taken by management destroyed their credibility. We aren’t going to trust them until they show they have changed which they haven’t. It will take years and may never return to the same level of loyalty many of us once felt. Many won’t stick around to give the company the chance. With high prices come opportunities outside the company to make more. In the past people would stay at ExxonMobil during booms because the thinking was during a bust you would be better off at ExxonMobil. No one believes that now so there is no reason to stay at ExxonMobil during a bo-m now. Chase the bigger money during the bo-m at other companies. ExxonMobil wont raise pay quickly enough to compete. They are slow to raise pay but quick to cut benefits.
@thg what is this package you are referring to. How can I sign up???!!!
@uph is right. Only the Corporate needy will hang on to Mama EM teaty for dear life. The rest with marketable skill will move on no problem.
Just hanging around for a package...
US EMIT is still wayyyyyy underpaid and the company still doesn’t want them long term. So attrition will continue there.
A lot of people stay in the company because of the money as they have to provide for their family...so some may just "suck" the toxic culture and some probably has totally being "brainwashed" that they even dont notice the toxic work culture...and for some they are just unemployable outside EM and has to stay :p
No
You are obviously either a troll, manager or completely out of touch.