With the Gulf crisis that exploded yesterday, meaning O&G is cool again, will EM not relax its PIP season harvesting?
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There is zero connection between how employees are treated and the price of oil. They are working very hard to fire you and replace you with an Indian.
Great post, appreciate your intellectual brilliance
BTW best of luck passing your PIP
XOM can potentially benefit from multiple clerical errors in the Persian succession plan. This could deter layoffs.
PIP's will continue regardless of wars around the world especially if the wars are short-term strategies. We tell the stockholders every quarter where we are in saving $5 billion in OPEX between 2026 and 20230.
@OP “Crisis” is putting it mildly. It’s an all-out war against a major power with nuclear capabilities run by fanatics - and I’m not talking about the United States.
Not sure what this means for your PIP. Probably very little.
which looks better to the stakeholders:
Higher Income + same workforce expense = HIGH INCOME OR
Higher Income + LOWER workforce expense = EVEN HIGHER INCOME.
And since AI is going to replace everyone lets crank up the NSI%!!!
Nope
Large number of forced PIPs and layoffs generally happen when EM is in crisis, like when covid pandemic hit. With increased net profit I hope this year's PIP won't be as bad.
Award for the d-mbest post of the week goes to…
I guess it depends on if they ever see an end to the sacrificial lambs and then it’s to peoples buddies. How far can you go in this.
Team America: World Police!
Probably not, it's an endless race to the bottom to enrich the execs and shareholders. Long term success of the business is not even on their radar, why would they care? I'm ready to dump all my shares depending on how things look.