Thread regarding ExxonMobil Corp. layoffs

"Exxon downsizes global empire..."

https://www.reuters.com/article/us-exxon-mobil-spending-exclusive-idUSKBN25Z0H7

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| 2086 views | | 5 replies (last September 9, 2020) | Reply
Post ID: @OP+16QIoKpn

5 replies (most recent on top)

Heck - late news, right?

Back in May, there was XOM stock-dumping by some wise prophets (sic).
The trumpet got blown away back then:
https://markets.businessinsider.com/news/stocks/mormon-church-100-billion-fund-cut-exxon-marriott-wells-fargo-2020-5-1029208392#

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Post ID: @1bya+16QIoKpn

Thanks I don’t get the news.

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Post ID: @ofp+16QIoKpn

Some lowest level of supervisors and management c—r0aches are unemployable so start paying attention as they will employ following two strategies:

  1. Keep on s—ing even more to their management shamelessly to keep their jobs as they are highly unemployable elsewhere
  2. Signing-up for management educational program/certificates (purchasing online degrees to be honest) to find the next company and job as c—roaches
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Post ID: @fsk+16QIoKpn

~10% PIP'd in USA is going to be extended elsewhere. Not sure where they are going to find
tens of billions of dollars to keep the dividend flowing. Getting rid of Employees can only go so far...

10,000 people @ 200k salary is only 2 billion annually..

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Post ID: @hks+16QIoKpn

Good article. Had a laugh when I read about management credibility at stake.. I’m wondering how does it still hurt the credibility when there is none to begin with? Not even to employees.. only consolation is.. they are consistent across the board..

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Post ID: @nsz+16QIoKpn

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