Thread regarding ExxonMobil Corp. layoffs

Mentally moved on

But I have to pretend to work for 3 months to get my severance. Going to be doing the work in my job description and nothing more. Other people can start doing their own work because I’m done doing the work of 3 people.

Like everything else XOM has tried to do, this layoff was poorly thought out and shoddy in execution.

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| 3831 views | | 9 replies (last December 2, 2020) | Reply
Post ID: @OP+18d7xKkk

9 replies (most recent on top)

iam+18d7xKkk

Where did you hear exec bonuses are increasing? Bloomberg reporting they’re eliminated for all but top 5 and those are flat.

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Post ID: @pef+18d7xKkk

Not buying that OP was laid off and told to continue working three months.

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Post ID: @zhl+18d7xKkk

"That is a poor attitude! Think about your colleagues and the shareholders. You should be working harder at such a challenging time for the company."

A lot of people missed the sarcasm, apparently.

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Post ID: @pkk+18d7xKkk

@OP, have you considered requesting FMLA leave for stress/mental health reasons? Download a copy of Form WH-380-E, fill out Part 1, and send to your boss requesting immediate leave. They must honor that, and they have to give you 2 weeks to get a doctor’s note.

https://www.dol.gov/sites/dolgov/files/WHD/legacy/files/WH-380-E.pdf

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Post ID: @bol+18d7xKkk

Why don’t you just leave - you still stay on payroll until Feb 1st regardless right? Like yea you wouldn’t get the 2 weeks severance but isn’t a free 8 hours of your day until Feb 1st more valuable (in terms of finding a new job)?

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Post ID: @vyy+18d7xKkk

@jll There’s nothing to investigate. Just typical Exxon pride causing them to make a dumb decision. Executive leadership is probably patting each other on the back

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Post ID: @cdc+18d7xKkk

Not to mention the "largest write-down in company history" only wrote down stranded gas assets that we should have written down 10 years ago after natural gas prices crashed. They didn't even write down the value of any Kearl or other high-cost upstream assets! https://ir.exxonmobil.com/static-files/7a03cd47-cc4f-46b0-984e-db6c2d6e4f0c

SEC should investigate. #Enron here we come.

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Post ID: @jll+18d7xKkk

in 48 hours the company performed the largest destruction of morale in its history

  • involuntary layoffs that supervisors had no direct input for
  • largest write-down in company history
  • executive stock units issued larger in amount than last year (ie a signal that the dividend is staying)
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Post ID: @iam+18d7xKkk

That is a poor attitude! Think about your colleagues and the shareholders. You should be working harder at such a challenging time for the company.

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Post ID: @vdo+18d7xKkk

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