Are any of them true?
13 replies (most recent on top)
it is going to happen someday...with BTC going strong day by day and expending, xom can reduce useless manpower elsewhere...BTC can do everything right now...
@ne This MF again.
We actually had a decent thread going here then he shows up with his DEI BS.
Can you like, do this elsewhere please?
@m5 So companies don’t need employees, got it.
What about the ridiculously top-heavy corps of managers, including executives who draw eight-figure compensation packages for doing…what exactly? Calling and attending meetings (remotely)
If you’re going layoff employees, why not trim the fat at the top, too? Wouldn’t it be more efficient and cost-effective to consolidate executive roles? If you were to fold two of them you’d save close to $10M/year in Houston alone.
Make it make sense.
HR Na-i ladies please layoff every other white male over the age of 51. This will do wonders to reduce retirement obligations…and will harmonize HRs woke initiatives to increase inclusivity and diversity…
Layoffs are essential. Much needed in Houston and among the U.S. employees. We do not need them.
Outsourced locations can do a lot more technical work than the burdening and expensive hordes of non-working U S Employees. The charade that U.S. employees have the institutional knowledge will be destroyed very soon. The only institutional knowledge that is left in Spring, TX and other locations, is "Yes sir/ma'am" and "how to fill the calendar with meetings."
@OP WFRs don’t really work like that anymore.
Nowadays it’s done through constructive termination (Google it). Companies just make working for them so untenable that annual attrition hovers between 5-10%. The trick is not to backfill the roles and flatten the salary curves for the people who stay on. Executives can then tout the reduced labor costs to shareholders while torturing their workforces in the name of “increased productivity.”
This also creates huge distortions in the job market, because the churn generates a larger pool of qualified candidates competing for fewer roles. The net effect is stagnant pay across entire industries along with trash benefits.
Fun times.
@df headcount reduction only through annual PIP and accelerated retirement when Fed cuts rates
Are there any plans to selll or reduce headcount at the chem plants in Texas?
@at I don’t know about IOL, but Canada East is bustling with activity, projects, and drilling. It’s never been busier.
A broken clock is right twice a day.
Likely by end of year there will be European sales or closures. Fife and Fawley are seeming most likely, but the other Chem plants on the continent could also be impacted.
Would be surprised to see either Antwerp or Rotterdam go, but we'd love to be out of Miro.
There has been enough chatter from enough directions that something will happen in Canada this month. Don't know what, probably one of the 20 different ideas on this site will end up being right.
Not layoff but heard IOL is next on DWs list
NSI's and PIP's will continue in the United States. Just check LINKEDIN for employee posts in New Jersey and Houston.
Multiple employees have retired on September 1 or resigned (a.k.a. PIP'd).
There’s a bunch of trolls on this site, but the Europe/ Canada rumours are somewhat believable. In my function we can see the HC10 Europeans (not Eastern Europeans) and Canadians not given any significant projects for months now. The American bosses must know something?
Layoffs in the US are cooked up by trolls.