https://www.businessinsider.com/leaked-memo-exxon-layoffs-weighing-job-cuts-in-upstream-division-2020-9
13 replies (most recent on top)
The Permian and Delaware business units in Texas and New Mexico have yet to make a profit, poor management and way over staffed. They should cut back the operations there.
Is this the deal we made with India for access?
I like this! This means both XTO and IOL will be axed. They are mostly NA-based and expensive, they need to be either chopped or their operations offshored.
Yes, DW already hinted on this in July via communication to all. Upstream and EMIT are severely impacted and need to move manpower to low-cost BSC's. Makes sense. But wait a minute, with most projects halted, it makes more sense to just reduce manpower globally, period.
India is hiring as we speak to get ready for the influx
@fuf+16JD13U4, the only memo I got was DW's annual reminder to HQ employees to donate to this year's EFCC.
It’s like when they say America First, it really means buy in China.
As long as managers are taken care of, the rest can go to hell.
In the positive side guys..... Argentinians Churrascos, nice beaches, nice parties, nice people....
No surprise as it was basically stated that way in the latest earnings transcript. I didn’t get the memo that was referenced.
“High-cost countries.” Well i guess #1 on that list is the good ‘ol US of A. Guess what is NOT a high-cost country? India! Offshoring of jobs to Bengaluru is going to accelerate. I guess “local content” does not apply to the “privileged Americans.” All this white privilege!! I can barely stand it!!!
Love how they say “we will get through this together”. Oh yeah, how is it “together” when you fire some one? Give me a break. Mollycoddle us with speech as you drop the axe.
"workforce TRANSFORMATION" - wtf. Are we rich in euphemisms, eh?