Let's compile what each company gets told during these 9am meetings. Are we all getting the same message, or are the numbers/messgaes different?
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GSC's cut is not even nearing 5% of total US population. How come. I expected more, esp on the mid-management. Once again, the middle managers are protected.
I hope the 270 GSC includes a bunch of SDMs in emit
Upstream = 750... I thought it'll be more.
Good luck to all affected.
BusinessInsider just published an article on today's cuts - it's here @OP+17FixSoY
EMIT is part of GSC.
So no EMIT reductions or they are part of one of those groups?
@agx+17FOBTIj I was op of the thread that said it would be doubled, that sounds right I expect xom to be 1/3 the size of its current size a couple of years. I would also disregard the half contractors b.s.. They have already gotten rid of all the contractors they can this year. Plus contractors don't need to be notified of a layoff so why would they announce them along with layoffs? Seems like a way to quiet the herd before the culling.
If they keep PIPing 8% each summer, it adds up to 15+16=31% for the next 2 years.
And considering 8% last summer, up to 39% laid of by end 2022
Looks like Exxon is becoming a downstream company for the next few years. I wonder how investors are going to like that
https://twitter.com/TheLayoff/status/1321830439573618688
I hope that 750 of those Upstream are from XTO
750 in upstream? Isn’t that a bit extreme?
The question is who gets booted out this time? Most of the retirement eligible are going out this week, at most. The NSI's are also gone.
That BTES number is made up. BTES is part of chemicals...
200 in F&L. Anyone know a current total in F&L? I thought it was a pretty small group.
65 in HR (35% of HR organization). We were told although it’s based mostly on skill, they will take experience into account for younger employees. Won’t be an algorithm (at least that’s what we are told).
The only voluntary package are for those retirement eligible?
270 in gsc, they are really banking on the TCs. Those who stay behind should just let their counterparts do the work even if it takes longer from the TCs, see how long before poor execs get canned after
4 months????? That’s it????
Selection for involuntary separation will comes from an algorithm that combines your skills assessment, ranking, yammer post and speeding infraction around the campus.
Wow, people were posting about x/x/x retirement incentives. Instead it’s 4 months lmao. I hope more people realize Exxon doesn’t give a c-ap about its employees
1900 is all of USA not chemicals. Chemicals has almost no impact.
Could anyone tell if they meant retirement eligible people won't be fired? Or that the voluntary option is only available for retirement eligible people?
I don’t understand the retirement. It appears we only get 4 months pay?
Is voluntary program available for retirement eligible employees only (US)?
And non-retirement employees are not offered voluntary option?
130 in EMRE. same voluntary/involuntary incentives
425 in Global Projects
750 in Upstream in Houston area.
+4 months for voluntary retirements.
Involuntary severance: 4 weeks minimum up to 52 weeks.
50 in BTES
20 chemical
1900 across campus and Hughes. 200 specifically F&L
Controllers down 15 percent by 2022
upstream says 15% reduction by YE 2022 vs 2019. Since we already lost 10% to PIP, I wonder if they count
Leaked: we will be informed that we are in this together!