Thread regarding ExxonMobil Corp. layoffs

Unrealistic Expectations due to Oil Price

I keep hearing people say things like “with oil at $60+ it won’t be long before we are hiring again and benefits return blah blah blah”

Quit lying to yourself. Management has no intention of bringing back 401k, raises, education reimbursement, EXPAT premiums, cost of living adjustments, etc etc etc

They want to reduce headcount

Company will justify YEARS of no raises based on salary curves and your new LOWER ranking due to redistribution of workers across the now empty lower categories due to all the layoffs, no hiring, retirements and PIPs.

by
| 2271 views | | 8 replies (last March 16, 2021) | Reply
Post ID: @OP+19PtkJnW

8 replies (most recent on top)

So sad to see this company take benefits away from hard working employees. When CEO’s and board members get crazy bonuses and salary’s. I don’t see them f***s taking a pay cut. The 401k match needs to come back now. Or we all vote them all off the board!!!

by
| | Reply
Post ID: @4nxf+19PtkJnW

@1uvs+19PtkJnW

Go look at the Chevron forum. They are comparing notes on size of raise and bonuses. Why stay? This place is not leading in any sense of the word.

by
| | Reply
Post ID: @1lcm+19PtkJnW

Perhaps I am an optimist, but I am will to give EM one or two quarters of earnings to see if benefits come back. ...and if they don’t, I’m kicking off my job search.

by
| | Reply
Post ID: @1uvs+19PtkJnW

So so sad. I used to respect this company but after I left for my dream job I learned what a “prestigious” company really means. Annnd it’s nothing like XOM portrays itself...

Within the first week at my new job, I saw a noticeable difference in employees mental health, how happy they are doing their jobs, how much respect they have for their executive and how they all work towards one goal. Exxon is sh*t especially XTO- it’s a hopeless case.

Young folks! As an advice from someone that worked 2 yrs with the company.. it’s not worth it. The future is not heading in XOM’s favor by any means. If this industry still has a hope, it’s definitely not XOM “winning” it. Move on! I did it, so can you.

by
| | Reply
Post ID: @pwa+19PtkJnW

Well f—ing said.

by
| | Reply
Post ID: @koj+19PtkJnW

Worst is to be a new hire and miss out on the big raises that are normal at 6, 12, 18 etc months

by
| | Reply
Post ID: @wia+19PtkJnW

The VPs keep pretending they don’t know when benefits and 401k will return. Deflect and defer. They know the answer is never.

#sinkingship

by
| | Reply
Post ID: @ifs+19PtkJnW

I feel particularly bad for the new hires. The biggest raises are typically 6, 12, 18 etc months after you are hired.

Any new hire who isn’t actively looking for a new job needs to.

by
| | Reply
Post ID: @ubn+19PtkJnW

Post a reply

: