I think they can only PIP so many people and they want to get rid of many, many more. I'm starting to think layoffs are now inevitable. The only question is when, not if they'll happen.
15 replies (most recent on top)
Yes, def. EM already demonstrated no special packages 4 years ago and no loyalty job for life. The PIP reductions have run their course. EM has knocked the culture back to expect a big blow to the workforce.
“ The package was 1-week of pay for every year worked up to a maximum package of 1 1/2 years salary”
The math makes no sense.
Those folks on here thinking that a package will be offered need to be sent for cause testing…the MC will just PIP their way out of and excess employees vs layoff and special package. PIP percentage will shift up to 10% in certain areas
Re: @aq+1jj2d8q4k
If we were run like Mobil, too many people would stay.
If they gave me a few years towards retirement I would leave now. I need only two but if they gave me three I would leave tomorrow. I know a lot of other employees that would also leave with just a few years added to their retirement. No package just a few years to get rid of the ones close to retirement.
Ages 40's to 50's are the most vulnerable and highly likely for PIP. Try to get out on your 40's.
Darren is in an echo chamber. Then the next few layers take care of each other and friends. If you are not in those loops you are a commoner.
Brace Clinton,more to come in 2025
Trump announced renaming the Gulf of Mexico to the Gulf of America, effectively nullifying previous drilling restrictions. This move is expected to boost oil production, increasing supply and lowering prices, which will benefit humans, but hurt ExxonMobil’s profits. Exxon will likely respond with cost-cutting measures like layoffs. I wonder if employees aged 52-55 will still be protected in the next go around.
If they offered that old Mobil package today, too many people would leave.
Mobil Oil offered a voluntary package in the mid-1990's where an employee could self-nominate themselves to voluntarily leave. The package was 1-week of pay for every year worked up to a maximum package of 1 1/2 years salary.
It worked. We had a number of employees voluntarily leave from retirement eligible to less than 5 years in the company.
Yes
Problem is that exxon has spent some much effort in the past to facilitate the "trust us, job for life" image. This plays against the companies options in difficult times because they've created a workforce that doesn't have the ability to leave or that feels (rightfully so) that they've committed to the company so why would they... Exxon needs to drop all the bs and just act like what they are... A corporation that works to create maximum shareholder value.
All they would really need to do is get off their control high horse and offer a package (probably doesn't even need to be a big one). Problem solved instantly.
Any rumors of a package for those REs?