Where is the Cost Saving?

Where are the sincere efforts to lose the real deadweights who create unnecessary work?

The problem with fake PIPs is that they are subjective and deceitful where indirect layoffs occur based on likability of a person by nastys and political agenda played by low and middle management.

It is time that the company identify its critical and productive workforce, conduct a series of committed and honest layoffs of deadweights (e.g., EMTEC, LCS, Annandale-NJ) instead of fake PIPs.

The company needs to cut down to critical productive workforce and hire specialized technically masterful experienced contractors to produce long lasting real value for the shareholders and the society.

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OP knows nothing about how a large multinational corporation operates.

If you think that you are irreplaceable you cannot be promoted.

We realized over 10+ years ago that we are a commodity business with commodity employees.

@1gmz Individual contributor.

IC?

Cut about 75% of India!! Sick of reworking their work!

@OP You don’t think someone getting paid $238k/year to write equipment purchase specs and Zoom with vendors is “dead weight” enough?

I know most of you don’t like to hear this, but there’s really nothing special about anything that you do, at least not that I’ve ever seen.

Hard to believe that the company will cut incompetent managers that are strangling production and people development. Sounds like a fairytale

Still lots of work to do in Clinton, more management, and useless Technical still need to be cleared out, nothing to see here….then lights out Happy Holidays 🎅 I miss Mr. Frosty 🍦

@gih+1pZRt6tc Sorry but I don't believe a word you are saying. Exxon will never change its ways. It worked out perfectly for Darren and the chosen ones. This will never change until the board cleans the house.

Cost savings will come from selling lower performing assets (as stated by others) and flattening the organization. We will follow the model of successful companies by eliminating high cost middle management who add little to no value and stifle progress and innovation. There are too many layers where very little can get done and not in a timely manner. The days are gone when someone can hire in, get moved every 1-3 years while learning and contributing nothing but their ability to schedule meetings that prevent ICs from accomplishing anything. We will do it in 1Q24 or continue to fall. This will be a scary time for ICs who have been coasting for whatever reason as they will be exposed and will be let go. Lower and middle management has been exposed for some time, but as oil prices decline to $60/barrel and lower, Exxon can’t afford to subsidize them. Exxon will return to a meritocracy.

Amen!

Thread regarding ExxonMobil Corp. layoffs

Where is the Cost Saving?

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