It’s a big number, so I’m sure a lot of us are going to be very surprised. Hope everyone is prepared, and even though this odd criteria makes it feel personal - it’s not. It’s a company in financial trouble and lot of people will just be in the wrong place at the wrong time. This is no longer a very big company compared to the rest of corporate America, and there will be other great opportunities. I wish you all the best, and If I’m one or the unlucky ones then hopefully in a year or two I can say it was a good thing in the long run.
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I don’t think the 52+ group are safe, but if they are, it’s not for long. Just because they’re not eligible for the involuntary program, it doesn’t mean they’re not going to be terminated. I can’t imagine many (if any) retirement eligible staff will take the voluntary option either.
I think that just means that everything will be decided at the last minute and those in the 52+ group (and the retirement eligibles who are still around) might just find themselves NSI’d in the next ranking cycle.
As for the BS in the 70%/30% spilts - I think we all know by now that the company will do whatever they feel they need to, just to terminate whoever they (the managers) want.
Geos should be worried regardless of the sugar coating that was presented.
In global projects where we have 200-300 in the 52+ crowd that aren’t going anywhere, the cuts are really closer to 30-35% of the remaining pool. If it was purely based on ranking I would feel safe. Unfortunately That’s not the case. I don’t think anyone feels safe except 52+ folks.
I feel like I’m in danger in upstream where we’re hearing it’ll be around a 20% cut. I’m an experienced hire without much tenure, and my department has other longer serving people in my niche. I feel like I’m a good fit and a top performer at my core function, but that might not be enough when they look at the 4-5 other people like me. Cookie could crumble other ways though. Good luck to all in the same position.
Unless the actual evaluations are shown, they can do anything. This company has proven to be less than truthful.
Better to be prepared than to get kneecapped.
Lol if you don't think good fit for company and performance don't go hand-in-hand. This is just another performance based exercise.
@1uvs+17JNuMiO This is what I keep hearing as well. We don’t know everything that is going into the 70% but one thing we were told is mobility (previous and future) will be taken into account as well.
So that 30% which also included more than just the last year gets smaller when other factors are considered.
@1urs+17JNuMiO, the assessment for which employees will be cut is based on current/prior performance accounting for 30%, the other 70% is an assessment of critical skills and long-term fit with Exxon’s core values. So, basically where one ranked last year has a very small factor on the assessment of which employees are ultimately chosen to be severed. The 70% assessment of critical skills and long-term fit with Exxon’s core values seems highly subjective.
I think the employees ranked NSI or good last cycle are the highest risk. Higher performers are likely ok.
Is XOM in financial trouble? Are they taking out loans to pay for stock dividends?
I’m preparing to be let go. GP is at 25%. So unfortunately 1 in 4 of us won’t survive and I’d rather be prepared then not. I don’t see too many taking the voluntary option either. I’ll take time to update my resume and start calling contacts I have.
Having 45 days to plan helps but is also nerve racking.
@kog+17JNuMiO is a troll. Don’t feed him.
@kog+17JNuMiO Can I ask were you on PIP?
If one does, best thing to do will be to post on yammer a simple #winning
To the person with the pink slip, we thought those were coming dec 1-15. Where are you? Best of luck with everything. There’s always a rainbow after the rain.
I got pink slip today. Was not expecting.