I often wonder in Dallas has had a lightbulb moment and said, “Oh damn. What have we done.”
They’ve started something they won’t be able to stop. Call it the #greatresignation or #exxodus either way it is just getting started. Attrition continues to set monthly records in the US. No signs it is slowing down.
@fjy+1dqJJwtX
If you want to recognize somebody who either doesn’t know anything about the oil industry or more likely is a corporate stooge, look for the kind of post that explains that the O&G industry is cyclical and this is just another cycle - this is actually the song that all EM management has started singing since the upturn seems to be on its way.
Of course, EM will fail to capitalize on this upturn because in the last year and a half it has done catastrophic things, NEVER done before in a downturn: not simply reduce numbers but systematically and almost totally eliminate the base of experienced workers, crush the morale of the remaining employees by effectively turning everybody into contractors, and destroying any trust in long term careers and pension.
For those who get drunk with news of our recent profits, remember that in late 2019, BEFORE the pandemic, EM was already in deep trouble.
When a company in deep trouble adds catastrophic measures as a supposed treatment, you know that at the next downturn they will end in the merger bin.
Seriously, this matters to who exactly? Do you actually believe anyone truly cares who leaves, when? Like the company will shut down when all the “special” people on this site ranting leave? LOL, you ain’t right…
Was there for the 95 to 97 Exxodus. This is much worse because that was mostly an Upstream USA event. This event is corporate and world wide.
There is mention that attrition is getting higher each month.
Please tell what % attrition we have EM wide.
What % attrition is normal?
My group has had 5 people leave since February (2 to 15 years with EM) and has never had an employee quit prior to retirement age until this year so our attrition is much higher than normal.
I think I am stating the obvious but Darren and the MC crew DON'T CARE about any of us... He obviously thinks we are a bunch of overpaid whiney id--ts and is probably very happy to see those leaving to go the "greener grass"... think about it, the man banks >$5 M every single month... He insulates himself with long-term buddies and yes men and women... he has a sense there is trouble with the peasants but frankly, why should he care? Not saying I am happy about it but got to admit I understand how he sleeps well at night knowing when he wakes he'll have another $200k in the bank...
ET just resigned from Elliot and he is going home. When will it end? Who is behind this? Should we travel to Mars?
I lol'ed at "After the resignation period the company gets revitalized and focuses on the right things". If they get things right they wouldn't repeat the cycle.
So basically you have to brown nose within the 10 year empowerment or else within the next 15-20 years you will be in the chopping blocks
Man Exxon needs to higher better trolls. Got this guy at a great deal
It is important to remember that this is a cyclic industry. We've had similar layoff & resignation patterns every 15-20 years since the early 1900s. Both 1985 and 1998 were worse than today.
After the resignation period the company gets revitalized and focuses on the right things. You then get 10 years of great job opportunity, empowerment, and high profitability.
The cycles have always been good for the survivors.
So the majority of the commenters here are from the US as people on the low cost regions cannot comment on the layoff forums, so I understand how the general attitude is really US-ish but try to act like you are part of a multinational organization and see the other parts as well.
I agree with the people who say DW is happily dancing from the attrition numbers in the US, I also know that the low cost countries are suffering from attrition as well, but I honestly doubt it reaches Dallas ever. If I learned anything in my 3,5 years at Exxon is that even if your supervisor wants to better your situation, and honestly communicates about it, THEIR supervisor for sure does not care about you and does not convey dire news. Too many layers of yes(wo)man are built into the corporate layer.
Disclosure: I do not think that DW or HR would be able to handle the situation IF they knew it clearly, I am just saying they are not aware of it anyways.
Less talk, more action. Using up the rest of my banked Vac days this year and getting my now 28 days in Jan and 🏃♂️.
Dallas is fine with this. It’s the manager / supervisors who are pi---d and scrambling.
It’s not just the world……it’s intergalactic
not just across the country… it’s worldwide
The Company Plan expects high resignations in the US. Why would Dallas be concerned about meeting plan?
It’s not even just our industry, it’s across the country in nearly all industries.
Darren touched on this today. He basically brushed it off as it happening across the industry and that in fact we were doing better than our peers. I'm not sure if it's valid or not. I do know the boards for Chevron look eerily similar to ours so perhaps it is very much hurting our industry more than others.
They do not care if folks leave from the highest cost regions. The much bigger issue (for management)is the massive attrition in low cost regions.