The only reason they are warning of layoffs In US now is because some PIP’d people actually thought they could pass it. Now with the publicity over this first concealed lay-off they are warning in advance so when you get let go at the end of your pip... — read more 

Exxon Oz Starts Voluntary Redundancy Program https://www.rigzone.com/news/exxon_oz_starts_voluntary_redundancy_program-03-sep-2020-163196-article/?rss=true&utm_campaign=ORIGINAL_ARTICLE

If you are performance fired before your 401k vests can you keep it?

If you have 5 years and are vested in the pension then does exxon pay out when you are let go or quit? If so what does that look like for a lump sum calculation when you aren't near retirement age?

During Rex Tillerson's time, ExxonMobil used to make $30-$40 billion profit yearly and people used to talk of ExxonMobil as the greediest companies with so much profit. Profit was only 9% of gross revenue, so the "greedy" attacks were based on... — read more 

Time for hard nose disciplined L. Raymond to correct 10 years of mistakes.

https://www.google.com./amp/s/seekingalpha.com/amp/article/4371626-exxon-mobil-crucial-pivot-point

I love it. You know why? Exxon will lay off half the employees, cut Capex by 50% and sell half of its assets before it will cut the dividend. I am all in when it gets close to $30. Should happen before Thanksgiving. This is an ego and status power... — read more 

You folks remember when rumors first started flying around about the campus. Management denied everything and the only place we could get the truth was from Swamplot. THIS IS NO DIFFERENT. There is a detailed plan already and any management... — read more 

https://earther.gizmodo.com/exxon-is-reportedly-eyeing-layoffs-1844920035

Has anyone fought being on PIP? How’d you go about it? I have a suspicion it won’t be long until I’m on PIP and I want to fight it but I don’t know how.

Right sizing already started up here in Canada, despite management denying any impending doom.

So what happened to us. We used to make money despite ourselves making bad decisions. Where did we let it go, even before COVID

This is unbelievable! First they pretend a layoff is a "performance evaluation", disrespecting all of us as if we 'need significant improvement'. It looks like there's more to come:... — read more 

What are the package details offered in Australia? Only offered to retirement eligible? Any years of service credit offered to make people retirement eligible? Deadlines?

Hahaha. Exxonmobil management suspended that when they devalued the company 60% over the last 4 years. Invest $1.00 and get $0.85 back WITH the 7% matching! I was viewing that stock match as amends they were making for driving our... — read more 

Why are there still expats in Singapore? Holding onto senior leadership roles and not contributing to business. PIP them and send back them!!!

Shame on EM HR Singapore, you should resign from your position before you tarnish your own HR profession. Deprived the benefits from long service employee. Disguised lay-off and call it continuous performance improvement program. Forced... — read more 

Efficiencies and cost cutting masters , start with Corporate Strategic Research (CSR) in Clinton, NJ. A full fledged investigation is warranted to understand all the misuse of company money and deliberately creating hallucinating advertisement by its... — read more 

https://www.thelayoff.com/t/16zEvLP3 or @OP+16zEvLP3

Wondering how many Exxon employees on this board have a second job or some kind of side businesses? Just curious...

Are you thinking about leaving EM right now? If so, upvote this post please. Otherwise, give it thumbs down. What would stop you from leaving the company? Is the writing on the wall or is the company going to come back, stronger than ever... — read more 

I realize this is a naive question for an anonymous forum, but couldn't we all be a bit more kind and respectful on this forum? I've been reading through the posts today to understand what's happening, and I've been shocked with how mean spirited... — read more 

Dear EMCC colleagues: I hope that this email finds you and your family well. I continue to be incredibly proud of what you have been able to achieve in the most challenging of circumstances. We are committed to communicating with clarity and... — read more 

It has started, with the flood of expats being sent back to Australia, and today all the Australian employees were told that voluntary redundancies are being offered throughout September.

If XOM decides to stop the pension - in addition to stopping 401k company matching, is there any reason to stay? Or should you might as well look for another job?

I’m close to retirement and am wondering if anyone has heard anything about an early retirement package. This would reduce a lot oh the higher salary workers, for sure.

Massive layoffs are coming (not PIP). Could be in the 20~30% depending on your work location. Expecting to hear more in the next few months.

Was anyone laid off (fake cover name "PIP'ed") under the three year 401K match vesting period able to keep their vesting contributions from the company? I've been hearing different things, and it's concerning because company could take up to $25K out... — read more 

Noooooooooot

https://www.businessinsider.com/leaked-memo-exxon-layoffs-weighing-job-cuts-in-upstream-division-2020-9

Have seen a few references that indicate if you pass PIP, but then get NI? or NSI? In the next 5 years your are automatically dismissed. Does anyone know that that is a fact of the new system?

I am not, this year was brutal.

I can’t help but think what they’ve done so far (PIL/MLRP/forced retirement, 401k match cut, benefit cuts) are way too small in terms of real impact to the bottom line. What are the real big levers that they are looking at? (e.g. dividend cuts)

WSJ is coming out in the next days with reporting that will hit a nerve with analysts and investors. About twenty current and former employees contributed. Make sure to share broadly - not here, where it matters and reaches eyeballs. Exxon has... — read more