UBS economists argue layoffs are happening at normal or elevated rates, not unusually low as often described. Hiring has slowed while layoffs have risen, with unemployment claims at a 4-year high and August layoff announcements up 13% year over... — read more
Man, Exxon has really gone downhill
The goal isn’t a promotion anymore, it’s escape. Forget raises or fat bonuses, the real win here is landing a new job and walking out. That’s the only future that looks good to me right now, and I’ve been chasing it for months.
EM HIPOs
Just a general thread, tell us what you think.
Exxon Halts €100 Million Recycling Investments Due to EU Rules
By Bloomberg Sep 17, 2025 (Bloomberg) -- Exxon Mobil Corp. is shelving investments in chemical recycling in Europe due to what the energy giant says are overly restrictive rules on plastics. The company will pause until further notice €100 million... — read more
Resigning During PIP: Notice Pay and Future Rehire Eligibility at ExxonMobil
I’ve been placed on a PIP in my very first performance cycle as an experienced hire. It’s been almost a month since the program started, and I’m now considering resigning. If I opt for PIL (pay in lieu of notice), will I still receive the remaining... — read more
PIL outplacement support
I took the PIL on 8/21 by submitting the docusign and the share point survey. I have not received any communication or contact from either HR or the outplacement company since I left. Should I have heard something back by now? Has anyone else on PIL... — read more
How is your PIP going? Mine is terrible.
I just had my second check in with my great champion supervisor. Well it is not going so good. I am dependent on training with another employee for one of the tasks. This person has been out on vacation for three weeks and not trained me at all. This... — read more
Uncon Permian Misalignment
I recently started working in Midland and have been amazed by how upset and demoralized everyone is. Seems like each group sees the other group as their enemy. Serious lack of harmony. Has it always been this way?
Exxon Further Prunes Portfolio With Second Chord Deal
Exxon Mobil on Tuesday is selling more of its assets in the North Dakota Williston Basin to oil and gas producer Chord Energy for $550 million, as the major continues to high-grade its unconventional asset... — read more
Sept 29 Rumors Summary
Looking to summarize the rumors over multiple threads surrounding potential Sept 30 announcements. Note that some rumors are of course contradictory. sale/closure of Fife sale/closure of Fawley sale/closure of Chem plants on European... — read more
Polaris LT site visit
Flying and doing nothing again? another wasteful business trip just for them to enjoy pampering on business classes and fine dining at the sites.
Answer this one for me
Is the us upstream, specifically production obviously, the only division where working hard and going above and beyond gets you nowhere and the worthless/lazy employees and contractors that do nothing get rewarded/promoted on whose b*lls they kiss? ... — read more
PIL
Has anyone heard of anyone that was put on a PIP not being eligible for the PIL if they opt out of the PIP? The person in question was a salary employee if that matters.
When will Permian and Guyana production start declining?
Team, let’s get to the real meat and potatoes…when will XOM production start declining hard in Permian and Guyana fields…this will set up the next candidate company purchase..any guessing which company XOM buys…this scuttle butt…is great for... — read more
Can’t believe how much backstabbing and politics go on here
In two years I had to deal with more cr-p than during ten years at my old job.
PIP is not about "helping people improve"
PIP here is more about intimidation or saving money than actually helping anyone improve. Most of the people put on one are not even low performers. I’ve seen good people stressed to the point of burnout just because management wants to assert... — read more
tier 3 engineers
We used to hire from tier 1 eng schools. What’s going on with all these new hires from Texas tech, LSU, etc? Even tier 2 like TAMU is declining…
CL30 - Grass isn’t greener!
At CL29 I was cruising - solid rankings, comfortable, life was good. Then I moved to CL30 and suddenly felt like a wart hog in the African savanna with every lion staring me down. Turns out, the grass on the other side isn’t greener - it just comes... — read more
Esso France
Has the Esso France change in control happened yet? Waiting for the outcome to see which European asset to strip next?
Upstream being combined with EMPS?
Is this true? If so, God help us.
If there are layoffs, I hope they let us volunteer
I’m really hoping they give us a chance to leave voluntarily because I would take it immediately. Things have been so tense and uncertain, it feels like the best move to step away before the stress really hits hard. Having a way out would be a huge... — read more
Factory Workers & the Labor Movement: A History of Manufacturing & Layoffs - History Repeats Itself
The beginning is very warped. The film explores the impact of labor-saving machinery on employment and the economy. As factories ramp up production for defense needs, workers face potential layoffs due to automation. The narrative follows a group of... — read more
What is Polaris and What Year Will the Project Be Completed?
Polaris Business Transformation SME (from LinkedIn) Feb 2025 - Present · 8 mos Bengaluru, Karnataka, India (1) Lead enterprise-scale business transformation initiatives across Global Order to Cash (O2C) Organisation and compliance functions... — read more
Many layoff rumors lately
Are any of them true?
The True Feeling When It All Ends?
You only get one life. And when the realization hits—that you spent most of it working for a company with no real purpose, serving a cause that added no value—the regret can be overwhelming. Most people will not wake up until it’s too late. You may... — read more
ExxonMobil is acquiring Superior Graphite’s Hopkinsville production plant
ExxonMobile announced Tuesday that it is acquiring the technology and U.S.-based assets of Superior Graphite, including most of the company’s production facility in Hopkinsville, for an undisclosed price. by Jennifer P. Brown Published: 12:22 am... — read more
EU set to lock in long-term US gas deals, says ExxonMobil
LONDON, Sept 10 — ExxonMobil expects the European Union to sign multi-decade US gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday. The EU in July pledged to buy US$750 billion of... — read more
Bosses admit they’re using return-to-office mandates to trim down teams—without needing to announce layoffs
Story by Jessica Coacc Rather than trimming down headcounts by enforcing layoffs, business leaders from across the U.S. told the Federal Reserve Beige Book they’re hoping that upping their in-person requirements will do the job. The Fed Beige Book... — read more
September 30th
What’s happening? Big announcement coming
Getting older is a liability
Reaching 50 at EM feels like walking around with a target on your back. Age discrimination is real, and they don’t even try to hide it. Older employees get treated like outdated equipment. The change in how you're treated is literally tangible. It’s... — read more
Contractors win!!
Amazes me daily contractors loving there positions at XOM. Must be nice to make twice my salary as an hourly contractor. Oh but you get benefits!….Seriously, so do they! And we pay for that. Oh but you will get a pension….. if I’m lucky! If... — read more
GASTECH Exxon bullish on China's LNG demand, eyes new markets
By Emily Chow and Marwa Rashad September 9, 2025 Exxon Mobil targets new LNG markets in Asia Pacific, Africa, Latam LNG-fueled trucks and marine vessels are massive growth areas in China Exxon dismisses LNG oversupply concerns, expects... — read more
Global outlook forum livestream
Live thread for the real questions and comments
Brace for potential significant layoff upcoming in Europe
Probably in relation to the announcement of Uk and Belgium chemical assets sales (or shutdown). The European Work Council is summoned to a meeting at the end of the month. Generally, it's no good news.
Houston
Does anyone have any info on all the field upper management being at Houston this week?
Unused Vac
Do we get paid out for any unused vacation that is accrued through the end of the PIL period?
What’s the insider sentiment about XOM Guyana’s 2% oil royalty. The world’s lowest!
Proving again that XOM has talented contracts and negotiating teams. Any body care to share any specifics how the 2% royalties were achieved? Are Guyanese not very sophisticated and generous or is there something more to the story?
ExxonMobil Faces Tough Choices In Europe As Competition From China Intensifies
ExxonMobil (XOM) stock is trading lower on Friday after reports indicating the company plans to sell parts of its European chemical business. The industry struggles with U.S. tariffs, high energy costs, and growing competition from China. The... — read more
Iraq’s SOMO nears storage, refining deal with ExxonMobil in Asia
Talks cover crude storage in Singapore, refining capacity, and trading co-operation Staff Writer, Zawya Projects Iraq’s State Oil Marketing Organisation (SOMO) is close to signing a preliminary agreement with ExxonMobil covering crude storage... — read more
Changing jobs when you're in your mid-50s is not an easy decision
I don't like what Exxon has turned into, but I'm still not rushing to leave. Sometimes I wonder what it would take for me to actually switch jobs. More money sounds nice, but is it worth the headache of starting over at this age? The older I get, the... — read more