Am I wrong or was this the year with the fewest layoffs in a long while?
14 replies (most recent on top)
@4twk+1pVvD5S1
You are right. BTC would work only if EM would be willing to pay significantly above-average salaries in India to hire and retain top graduates (actually, real top graduates go study abroad, mainly in the US, and then work for western wages). After acquiring experience with stable hires, BTC would be functional in about 10-12 years, needed to build an experienced, functional organization.
So for BTC to work in any meaningful way, it would require sustained vision and long term commitment from EM top management. In reality, there’s absolutely no such thing. EM is out only to save money in the meanest, stupidest way. They want to be cheap in a low-cost country. All the real management is in the US, they very much want to stay there and they have no real interest in India and couldn’t care less about building a functional organization.
This is why BTC is and will always be a massively losing proposition. BTC employees feel this and vote with their feet. BTC fails not because of Indian employees (I’m not one, if you wonder), but because for EM it’s nothing more than a cheap savings gimmick, the kind of hare-brained scheme that ambitious top managers show to DW to get his favor.
“As an engineer from BTC…”
Another one of these “As an ___ “ posts that somehow always comes around to the POV of the average middle-aged white dude sitting at a desk in Spring.
Look guys, it’s not only boring, but it isn’t accomplishing anything. Anyone who is web literate sees what you’re trying to do and just shakes it off. If you think you’re going to wage some psyop that’ll change company policy by doing this I’ve got two bridges to sell you.
As an engineer from BTC, I don't think the company is prepared to handle the workforce that they are hiring left right and center. As such, the attrition rate in India has increased significantly. If they continue down this path, then soon enough it will become only a stepping stone for campus hires before they land a better offer. XOM is promising an entire career in India where their pay structure or career path are absolutely sh---y.
Yes, layoffs in the U.S. but more hiring in India. The few left in the U.S. will have to do the work of the ones who were laid off, I mean PIP’d and the work that was supposed to be done by India. Even worse, they’ll have to listen to the SLSs, DHs, and managers who keep stating that BTC is working out great. They’ll be working 80-90 hours a week for 1-2 years and then get PIP’d as well. Glad I’m turning in my two weeks notice in about a month.
Company would be better off laying off toxic individuals hiding in LCS and elsewhere.
You don’t need layoffs when we are meeting (or exceeding) planned attrition levels. As long as HC 10 employees reduces at the right rate, management will be happy.
The headcount reduction (i.e. layoffs) will continue through 2027. Another $6 billion in "structural costs" savings was announced on December 6, 2023.
The company plans to cut $6 billion in “structural costs” by 2027, in addition to the $9 billion in reductions achieved since 2019, according to the statement.
Outlays for low-carbon projects will reach $20 billion through 2027 as the company builds its lithium, carbon-capture and hydrogen portfolios.
BTC has streamlined operations and has saved tons of cash. No need for further savings. So say thanks to them.
To those Supervisors that gave the news of NI to RE, remember it will be your turn on the receiving end in the near future.
I am visiting the Woodlands campus now. I have not been here I a while.
I see a lot of BTC people around.
So maybe no layoffs but definitely you are being replaced.
@cmg Thanks you-do-you-it’s-always-been-transactional-nobody-has-skills-but-me-RE’s-are-wasting-the-planet’s-oxygen guy. Alway a pleasure sharing the planet with you.
@trk Nobody is being “forced out”, but there’s a critical mass of people who are tired of the constant whining and general bull$hit from and with REs. So yeah, bye.
No need for layoffs while so many REs are being forced out. You mid career guys think its ok to joke about it now but you are up next. Enjoy your meager raises that came at the expense of the REs. When it’s your turn, you will call it age discrimination, but HR will call it “salary compression” and you will be left wondering how changing the name makes it legit?
There were never layoffs bruh.
That’s something the REs talked-up to make themselves feel better about being let go for getting complacent and coasting.
Those of us who made the mistake of hiring some of these people found out real quick why EM let them go to begin with.