I don't see posts about the attrition recently. Is it over?
35 replies (most recent on top)
@5rua+1eT1EBfb
You’re right, but REs still make money in Q2. Probably not in Q3.
Another engineer quit at our site today. We’re already short-handed…we can’t hire fast enough…
Hardly over. Look on LinkedIn. Many people resigning every day. Too bad more people aren’t using #exxodus to make it easier to follow the numbers.
If you are RE, leave before March 31st or you will start working for free/losing money the longer you stay.
Attrition continues in the US EMRE and site technical staff with under 10 years experience. It will ramp up throughout the next few months.
How many people have retired recently that were not posted on announcements?
Just curious if there is an effort to cover up attrition.
@4vfu+1eT1EBfb
I’m sure this is the version that made it to you, Darren.
@3alo+1eT1EBfb
I’m sure that our management arranged things such that while the 3rd party we’re employing for IT help in Bangalore is a bunch of useless people, our own EM employees in BTC are a select crop of top graduates, extremely able and qualified, who get top pay for their work.
I heard that the salary increase in 2022 was great and it has slow down the attrition and improve the morale of the employees.
Turned in my intent to retire on March 1. Add another one to the list.
@3xhw+1eT1EBfb the helpdesk is not BTC, it’s a 3rd party provider that happens to be based in the same (very large) city.
@3wmx+1eT1EBfb At least someone is sane enough to figure out the math! With interest rates posed to go up, lump sum value will take a hit = extra working years goes in the toilet in terms of pension lump sum.
@2qfw+1eT1EBfb
Another super smart person claiming that everything that can be done in Houston can be done exactly the same way in Bangalore.
If it was true, all O&G jobs would have migrated there long ago.
It doesn’t happen and EM is the only company in the industry who has been deluded by consultants that high skill jobs, not only call centers or manufacturing, can be moved to low-cost countries.
Again and again, try opening an IT ticket and see how helpful the people in BTC are; if you want to have it solved, it’s going to be done by support in Houston. But “don’t let reality spoil your day” - that should be the motto of EM management.
For RE eligible, many are waiting to see the Dec 2021 IRS discount rate for pension published. Then they will wait to see publication of the Feb 2022 and March 2022 rates or observe corp bond rates over next 2 months. With highly dynamic and increasing interest rates, they will also watch stock market trends during same time period. A major drop in the stock market due to global tensions and COVID coupled to increasing rates will be the main driver for most REs to pull the plug and retire in next 2-6 months. With the current US and global situation, expect most of the remaining REs to seriously consider retirement. Simple economics … take highest lump sum and then be ready to invest in market downturn.
Save a million, lose a billion.
But the billion is someone else's budget. So it is worth it.
Attrition or PIP, the total headcount has to come down. It is a MUST, since all the high paid (for not go reason) jobs are migrating to BTC and KLTC. You might want to give my post a thumbs down, but think for a second before you do that. Do you really think, in a globally open market, jobs will remain in a high paying locations like Houston, when the same work can be done in Asia at a quarter of the cost?? Ask yourself.
Heard that several young people left the Technology organization in Europe...
Employees running out of Annandale, waiting for PPLE to evaporate.
Yes it is over. Go back to making PowerPoint, organizing meetings, and work hard on impressing managers.
It is all good my friend! Back to good old ExxonMobil ways for you.
I got a new job last year. I’m being contacted regularly by current Exxon workers wanted referred to my new employer. It seems to me that a lot of people are still looking.
Yes, OP, it’s over. EM is a happy place of smiley, content faces, the PIP is off, pay rises keep up with inflation, the toxicity was never here, our management is nice and intelligent, the company has a bright future, no jobs are shipped to BTC. No reason for attrition, so there is none. You don’t even have to ask.
Attrition is never over at ExxonMobil. You should know that by now. It is Darren's favorite hobby.
Not over by a long shot.
I know 2 people that retired and no announcements were posted.
We had Atleast 12 people leave Annandale in the last 2 weeks for one reason or another.
Middle managers getting cut on Annandale..
Well we all know one guy who has over 10,000 video views of his departure video on LI. Sad to see someone so passionate about the company, but so disillusioned by the future prospects that he feels the need to leave.
I know of 8 persons that left since the beginning of the year with only 1 of them having a post in LI.
So it seems that there are almost one order of magnitude more people resigning than what you see in Linked In.
On the other hand, the new year wave must be over. If you have an offer that you are planning to take why wait more?
I’m turning in my resignation next week and can’t wait to do so! This company used to care a bit about its people but in the past 2 years it cared NON and proved it by actions. Adios!
I hope the attrition stops - we have yet to meet the headcount cut target and I would like another layoff exercise to get my severance package. I'm still disappointed that I wasn't selected last year.
Maybe public affairs pay LI to filter such (attrition) posts so that it will not scare applicants away....you see more post of people joining EM and announce it....hopefully they make the right decision :p
OP you are not looking. Plain to see in groups around me and on LI
So many people left that eventaully no more posters
Lots are leaving here in Europe.
Voluntary attrition definitely is not in my area. I might be joining them at this point.