News coming in of expat layoffs across the company.
16 replies (most recent on top)
Well you must be another 83tard as everyVP is a self encumbered liar if i were you id start packing you m0r0 n they say one thing but mean the opposite
December is gonna be awesome, but I am safe is what my VP told me recently while on a business trip, not that I trust him…
450 in September is what I heard. Thousands left in Covid and never returned.
@85p there were hardly that many let go!! Contractors, maybe, but not full time employees.
Even in 2020, the largest layoff there was just under 600.
At least 500 were let go last month alone...
So? Nothing happened
@2tw What I always found funny and loved about Aramco was their monthly expat apologies in my bank account.
Ka-Ching!!!
It’s funny, and you like it, so quit sniveling.
@m1 you really believe that, don't you?
It's not true in the least. Plenty of people get Ms after promotions so they can spread out the ratings. You're told in some areas to expect it. Others go from E+ to an M because they made someone mad, they try to do things the right way, or the new Manager just doesn't like them.
@ks M’s are earned, and not handed out as much as they should be. Aramco is full of mediocre D employees who shouldn’t make it past their probationary period.
@k3 So who do you supervise that you got knocked down to an M so you could get rid of them?
Time to trim the fat. M’s should start packing. E’s may not be safe either.
Oh well…, frankly, who even cares?
just give it a rest already...same sh--e was being circulated beginning of the year...anything happened? not really...
Fake news, yet again.
The reality is that you just need to find another industry that is growing. As a retired geologist that had worked for the majors, independents, and Aramco, I can say that the O&G industry is mature where salaries are only incrementally bumped at inflation rate. I worked for Aramco for over 15 years, and it was fun then. Not so now.
If I were in my early 40's, I won't even consider working for Aramco because the package is not as good as they once were. The camp is not as good as it was in the old days.
Aramco's stock price has been deteriorating in the last 5 years whereas those of Exxon and Chevron have been increasing. What is interesting is that when Aramco did its IPO in 2019, it was being compared to Apple because of its trillion dollar valuation. Well, Apple's stock price is now worth 3.2x from 5 years ago while Aramco's is 15% less than its IPO price (it's a good thing I sold all my Aramco shares when I retired).
For those remaining western expats, I can share with you my thoughts freely now. If you are still confident in your position, keep it and save as much as you can. But don't fool yourself that you are enjoying it as we all twiddled our fingers planning for our next vacation, bored many times, and felt the decay of our skills and wondering if we could get a good job back at home.
If you are still young, come back home and establish your career in the US. Even if you have to pivot to a new industry, sacrifice a little, it is worth it. I know the 7/4 job, travel opportunities, and tax shields are excellent perks, but you are really now and more than ever at the mercy of arbitrary politics (layoffs) and energy market forces.