Topics regarding layoffs at ExxonMobil Corp.

Topics regarding layoffs at ExxonMobil Corp.

Tomas Ranch

Can anyone justify why we would still hold on to Tomas Ranch during these “uniquely challenging times”? I get that the execs need a safe space to shoot some guns...sorry, I meant hold offsite meetings, but seems to me like an easy “non-core” asset... — read more 

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| 6540 views | | 6 replies (last January 10, 2022)
Post ID: @OP+16WK4mES

Glassdoor CEO Approval

Chevron 89%. Exxon 44% and falling. Does anyone hear the employees cry for help? They are not all just people caught up in the PIP. Management has lost the trust of its lifelong employees - tragic and not good for the shareholder!

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| 1710 views | | 4 replies (last September 15, 2020)
Post ID: @OP+16W2Wrq0

XOM quotes suggest the WSJ editor axed the real story

Half of the comments from the company (especially the ones toward the end, but also the one about ‘your story focuses’) make zero sense based on what’s actually in the article. It looks like the Exxon PR people managed to convince the Wall Street... — read more 

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| 3250 views | | 11 replies (last September 15, 2020)
Post ID: @OP+16WhYFYI

If XOM is run like EMIT is...

then I understand why the company is where it is: horrible management. back-stabbers, leachers, a—kissers folks who have no other job/talent than to get in the way,

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| 3590 views | | 18 replies (last September 22, 2020)
Post ID: @OP+16Wiihcf

WSJ article

https://www.wsj.com/articles/exxon-used-to-be-americas-most-valuable-company-what-happened-oil-gas-11600037243?st=mn2cey2jr3kfkkj&reflink=article_copyURL_share

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| 7130 views | | 25 replies (last September 16, 2020)
Post ID: @OP+16VwsKlq

Activist Investor?

Market cap is down to about $150 billion, far off the heyday of being at the top of the S&P. When will the company fall enough in value that an activist investor takes a stake and then tries to clean out the management ranks? Seems the only hope, the... — read more 

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| 1860 views | | 4 replies (last September 13, 2020)
Post ID: @OP+16VHgt0o

No supervisors/managers on PIP

It doesn’t look like any supervisors/managers have been PIPed. I haven’t seen any supervisors leave (I.e. PIL). In our group, I know the folks on PIP. When you do the 8% math, it looks like only worker bees are being sacrificed. Shameless corrupt... — read more 

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| 4490 views | | 25 replies (last September 15, 2020)
Post ID: @OP+16VLC9hz

Headcount Reduction Needs to be Based on Business Needs

Layoffs are unfortunate for employees and their families. With more than 95% capital and expense work being cancelled or delayed, where is all the work that our employees would supposedly be doing? It makes absolutely no sense to keep so many layers... — read more 

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| 3080 views | | 9 replies (last September 15, 2020)
Post ID: @OP+16V31b0i

Employee cost vs. dividend

Just a thought experiment for thought experiments sake.... If all 75,000 employees are laid off and we assume each employee cost ~$300,000 it would save the company $22.5 billion. From published earnings report: The dividend cost $14.7... — read more 

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| 3190 views | | 10 replies (last September 13, 2020)
Post ID: @OP+16V0ntjy

Active Tracks: Softly, Slowly, Remotely - tiny dancer

Relevant to a recent post, my omnischite supervisor informed me just yesterday, I'd had many hour-long lapses in my active computer time during the month of May. Daily through-out the days... This information despite the fact I had IM'd each... — read more 

Severance Website?

Will we ever see such a thing? Chevron's 2020 Severance Plan complete with transparent website: https://hr2.chevron.com/lifevents/leaving-chevron/leaving-chevron-2020SpecialSESP They even tell their employees straight up and in front of the... — read more 

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| 4280 views | | 21 replies (last September 17, 2020)
Post ID: @OP+16UWjBne

Negotiated Severance?

Ever heard of someone getting ahead of the curve and making first contact with HR/Manager and inquiring to resign for a negotiated PIL?

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| 2530 views | | 9 replies (last September 12, 2020)
Post ID: @OP+16Urgi9Z

Fair Severance Package?

For your situation, Near Retirment or not, what would you consider a fair package? For me, not near retirement, I'd say 3 weeks pay per year of service + pension cash out option.

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| 2640 views | | 9 replies (last September 13, 2020)
Post ID: @OP+16UhDU1i

Private Empire

Anyone read the book by Steve Coll back in 2012? I think he needs to write a follow up!

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| 1630 views | | 6 replies (last September 13, 2020)
Post ID: @OP+16UM9DfB

What is happening to Exxon can be traced back to a massive failure of the Corporate Planners. Should have known a pandemic could last 3 years.

What is happening to Exxon can be traced to a huge planning failure combined with the obstinancy of maintaining a high level of capex while maintaining the dividend. The planners should have known that a Pandemic like the one in 1918 could last as... — read more 

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| 2960 views | | 15 replies (last October 5, 2020)
Post ID: @OP+16TpJkAu

I got PIP’ed and took the severance package.

Now, I am glad to get the heck out of there. At the time, I was upset, but now, I feel lucky to get out now, and not still be putting up with their c-ap & sick games. Most people in my department, can’t sleep, they are beaten down, overwhelmed... — read more 

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| 2040 views | | 3 replies (last September 12, 2020)
Post ID: @OP+16TcSg0V

After 28 years...

After 28 years with ExxonMobil, my manager reminds me that I could be next. I work from home, sick or not. I’ve always enjoyed my work, worked hard and was always ranked very well. This new ranking system and those running the show leave me... — read more 

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| 4260 views | | 18 replies (last September 23, 2020)
Post ID: @OP+16Tkxlu4

Why do you stay?

Since there are so many unhappy people here - and I am one of them - I'm wondering about your reasons for staying with XOM. My reason is simple, I'm waiting for severance. I would hate to leave even if I found a new job and find out that I did them a... — read more 

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| 2800 views | | 13 replies (last September 13, 2020)
Post ID: @OP+16TxU6SS

You Got What It Takes

I saw a reply down there that used this phrase. Such a strange vibe in those words. What is it? What does it take? And you got it? So it taking something? From you? This'll be my last post to the board. It started as a tremulous (shivering)... — read more 

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| 1290 views | | 3 replies (last September 11, 2020)
Post ID: @OP+16TSRnTF

Is EM willing to do what is required?

Children do what feels good. Adults do what is required. It’s time for Exxon to put their big girl panties on and look in the mirror and just admit it and quit it. Just admit. I. Was. Wrong. That’s the first step to real change is admitting your... — read more 

The Roman Empire

EM is as ruthless as the Roman Empire and now suffering its own fall as did the Roman Empire. It demands total obedience but total commitment and excellence on their terms on the pain of extermination. Think even the Roman Army practice of... — read more 

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| 1420 views | | 4 replies (last September 11, 2020)
Post ID: @OP+16SrsCvl

Have we reached the bottom? Just wait...

The company has eliminated some of the most productive workers. Many folks that just push paper, create slides and talk nicely are kept. This scenario is not a good one for any company. This will come to hurt Exxon over next several years and it'll... — read more 

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| 2880 views | | 12 replies (last September 12, 2020)
Post ID: @OP+16SXlPf1

Head Hunters/Companies

Hey, I'm on a PIP, and given how the market's trending, I'm pretty sure that I'm still going to be out of a job once this is over. Anyone know any head-hunting websites/companies so I can get my name out there?

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| 2170 views | | 11 replies (last September 11, 2020)
Post ID: @OP+16STPUeB

Darren Woods Communications Missing

ExxonMobil is going through unprecedented and trying times, the company is in a crises. I find it Interesting that the CEO of the Company has not communicated to the employees during these times. When employees most need to hear from the leader, he... — read more 

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| 3900 views | | 14 replies (last September 12, 2020)
Post ID: @OP+16Srn0iT

Lump sum option for Pension Plan

There are a number of comments throughout this site regarding potential loss of the lump sum option for the pension plan. Does anybody know if the company can take away the lump sum option any time they want? Do they have to provide legal notice... — read more 

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| 2320 views | | 9 replies (last September 17, 2020)
Post ID: @OP+16SiIs4P

Exxon in the rear view mirror

Just landed a position with a relatively small company and gave notice. The pay is not as comparable to Exxon, but I’m okay with that. I no longer have to deal with the toxic environment, its id–tic ranking system, rigid bureaucracy and the way... — read more 

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| 2380 views | | 14 replies (last September 11, 2020)
Post ID: @OP+16Shx13e

You know what amazes me?

How much Exxon is willing to pay some great employees to leave, instead of fighting to keep them here. Just boggles the mind...

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| 2100 views | | 9 replies (last September 11, 2020)
Post ID: @OP+16SOLvfZ

We are no better or worse than other O&G companies

The best way to see this is to visit several of our competitors on this forum (there are links near the top of the page for some of them.) It might surprise you how similar the topics are and if you actually read a few of them, you'll see that pretty... — read more 

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| 2520 views | | 18 replies (last September 11, 2020)
Post ID: @OP+16SWQVgX

Where’s the WSJ article?

Interested in learning about our HR policies and it seems we can only do that from the news.

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| 2680 views | | 12 replies (last September 15, 2020)
Post ID: @OP+16St2MkQ

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