Thread regarding ExxonMobil Corp. layoffs

Labor Hoarding

Interesting topic that I recently became aware of. This certainly makes sense with all the recruiting that is taking place. Realization is that it costs a lot of money developing people and when the good ones leave, it takes a lot of training. I can predict that XOM will probably be spending a lot of money training new employees but not allowing experienced employees the same due to "budget constraints and need based training".

https://www.talentmgt.com/articles/2022/12/13/labor-hoarding-does-not-mean-job-security/

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| 1471 views | | 1 reply (January 2, 2023) | Reply
Post ID: @OP+1kuf5cN2

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Nah Exxon considered this.

One will be contracting. Why have employees (benefits, pension, etc) when they can pay money to a contracting company that supplies them workers

Second. They can always fall back to the annuitants who will bail them out

They are looking for short time workers. Not long term

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