Did ANYBODY learn today they were laid off or not?
Future
Down to 5 companies, exploration, development, production, downstream, and XTO, no chemicals, no URC, and no EMRE. 1/10 of the present size with half the present oil/gas assets.
Voluntary Program is a Sham
4 months is not much of an incentive. Retirement eligible employees who believe they are safe will stay and those who believe they are vulnerable will wait to see if they get selected for the involuntary phase that has a much larger payout. Predict... — read more
Additional info for those retirement eligible:
https://imgur.com/a/eoDI8B0
Upstream headcount - current
Does anyone know the current headcount for “upstream” as DW is using the term? I’m currently in D/S (after U/S from years ago) but would like to know % being removed from U/S (750 out of X)?
Trust is Lost
Once you lose your employees’ trust that leadership will act in accordance with the stated company values, it’s gone. First the way COVID was handled, then the PIPs of high performing people who challenged management, then the lack of transparency... — read more
Comments and Observations (in private discussions and on this site)
These comments are a sad confirmation of just how f'ed up this once mighty organization has descended to. Misinformation, cloaknand dagger communications..as someone already pointed out. Nationally broadcast "NOTHING TO SEE HERE FOLKS. NOTHINS... — read more
ExxonMobil Severance Pay
Let's use this thread to consolidate info on the serverance pay. So far we completed almost 50% of the cuts without paying a severance.
Expat call home
For the expats in the house: US expats working outside US non US expats working in US What do you think with happen in the coming weeks or months to these expats? Will they cut or freeze expat benefits?
The Full Picture in the U.S.
The 1900 cuts announced today added to the 1600 cuts recently completed (NSI group) is a total of 3500. This is a 19% reduction in the U.S. workforce (excluding site level Operations employees). They completed almost half of the cuts without paying... — read more
Main Discussion Thread for Today
https://www.thelayoff.com/t/17FOBTIj or @OP+17FOBTIj
HR Gets Whacked!
35% of HR employees will be gone. Add to that the 8-10% NSI group recently departed and it’s a 43-45% reduction! Another 8-10% in next year’s PIP process will take it well over 50%! Ouch!!!
Congrats to EM public relations on changing the narrative!
Way to go guys! Great timing. DW announces no change to the 10% dividend to be paid while we lose billions per quarter. Then immediately announces layoffs. Suddenly no more complaints about whether or not this is irresponsible... — read more
Global Projects Supervisor Mtg
Post your findings from the 11am supervisor meeting for GPC here.
Involuntary program and PIP
It’s a little confusing. It says “ the Following groups of employees will not be considered eligible for this program: employees currently on an active Performance Improvement Plan” So if we passed the PIP, are we still considered under the PIP... — read more
Do the numbers add up?
14000 target by 2022 1900 in US 1600 in Europe 150 in Australia We're still roughly 10k short. I doubt we already released 10k in contractors & NSI yet. Also if XOM is growing in GBCs, HC would have to decline at other sites to... — read more
Severance Pay Worse Than PIL
So in many cases, those who were PIP’d and PIL’d got a more significant severance than those who are going to be laid off. Thanks LT. We truly feel appreciated!
Here's a TIMELINE and a look at which roles will be cut.
There you go, by BusinessInsider... Exxon is slashing its global workforce by 15%, and up to 1,900 US workers could lose their jobs. Here's a detailed timeline and a look at which roles will be cut. Exxon on Thursday said it would cut as many... — read more
Exxon's Downward Spiral
Another contributing factor has to be the reward and advancement structure. You combine generalist strategy for people management, high profile/sponsorship, and quick advancement. Together, they incentive people to chase signature accomplishment, no... — read more
Reminder: Third-Highest Dividend Despite Oil Rout
Exxon Keeps S&P 500’s Third-Highest Dividend Despite Oil Rout https://finance.yahoo.com/news/exxon-keeps-p-500-third-224245023.html
2/2/2
Based on the forum, involuntary separation is 2/2/2, right? The slide said “Employees selected for involuntary redundancy who sign warner and release form will receive a severance payment. Calculate based on years of service: Minimum of 4 weld... — read more
Let me get this straight
We know they're going to lay off 1,900 people but we also know they'll only notify only a part of them today? And the rest will learn their fate between now and December 15? So the nightmare will continue for another month and a half, at least? Are... — read more
Excellent news for all hard working EM employees
The chemical company is basically not impacted as the margins are very strong post-Covid.
Let's get real
The layoff announcement today of 1900 gone by end of year is only thing we can take at face value. DW has lost all credibility for his deception back in May with the veiled layoffs. Do not believe the numbers through the next 2 years is set. If I... — read more
Post your company's news
Let's compile what each company gets told during these 9am meetings. Are we all getting the same message, or are the numbers/messgaes different?
UPSTREAM STUDY CHAT THREAD. SINCE CHATS ARE DISSABLED ON THE OFFICAL.
As the title says. Post your chats here during Liam and Linda meeting.
The #Exxodus begins
Let’s get this trending.
Today's the day
I think there's a consensus that today's the day? I'll be deeply disappointed if it turns out not to be true. Not because I'm particularly eager to be laid off, I don't think anybody is hoping for that in this economy. I'm just more than ready for... — read more
DW has spoken. Dividends over your livelihood. So much for riding it out with us during tough times!
ExxonMobil Clean-up Is Not Complete until CSR Is Laid Off
Each and every section head, leads, lab directors, manager, VP and employees from Corporate Strategic Research CSR) Clinton New Jersey need to be shown the door for topping the most useless employees chart. Board of Directors, Dallas and DWoods... — read more
BIMS. Board Integrity Management System. The board of directors aren’t mitigating the risk to the share holder.
“ExxonMobil's board of directors is responsible for risk oversight. Meeting agendas routinely include sustainability topics and board members review the effectiveness of the company's policies, programs and practices.” When the biggest risk to the... — read more
I plan on skipping the webcast, you should too
I would love to see the webcast/zoom empty. Can you imagine the look on the Wizard’s face? no one cares about your lies DDubya.
Layoff Happy Hour in Spring or Montrose?
Lets celebrate plentiful layoffs with a positive note. Drinks as unemployed but free and happy people. We can talk about the mo–nic commercial advisors at URC, the id–tic Upstream CSC and RTD supervisors and managers, the yes men and women, the... — read more
Upstream Zoom Call
Just discovered the email that was posted at 6:30 pm tonight. Kind of sad that they waited until most folks were gone from work or logged off. What a surprise some people are going to get in morning. I'm going to have some whiskey with my morning... — read more
Dividend just announced
$.87/share again. I think this means even more layoffs than maybe what we hoped. Insane