Thread regarding ExxonMobil Corp. layoffs

Many former XOM people do well at other companies. XOM hires the best, but a relative ranking system always puts someone at the bottom. It is best to leave XOM in a good oil and gas business environment. Other companies hire you assuming you are a middle performer, so that gives you instant pay raise. Good XOM training and good projects then leads these former employees to stand out in the new company. In a bad business environment, it will be hard to land a good oil and gas jobs. Many will have to change industry and many will have to go to low pay industries or get masters degree. It is very hard to find a $200k job outside oil and gas unless you are tech sector. When industry returns to normal, the headhunters look for people who are working, this assures they get the better performers, with current tech skills

And deal with performanced based layoffs with Tesla also

You will take a 50% salary reduction at the Tesla Austin plant .. Good luck

Best thing I did was leave XOM in 2014 for big tech, $100k yearly stock refreshers on top of high salary. $300k+ total compensation is common for non managers.

I’m ranked as a highest performer and am going to be getting out due to exactly this. Always wondered if Chevron was the next Enron and were cooking their books (Darren publicly wondered about this) but now I have a feeling we might be.

@1av you daft?

Trust company? Put company > my income? Are you sick?

@ujx XOM told the union workers this information 3 days ago. And they have slowly, but steadily, said the same information that has spread like wildfire through the plants and into operations. “Juicy Gossip” aside why wouldn’t you just trust your employer and jump here?

Seems like you love that money but not that employer

All I know is I left in 2014. Cl 29, manager role, top quintile on-going, approx 280k salary, and 7 years of outstanding rsu's. Best decision I made leaving at the time and no regrets. My life was more than my job and conforming to their expectations. Some great times, some horrible times...life.

I left XOM in 2013. PhD from Tier 1 US Research. Working at XOM Upstream Research Lab. Was dropped in the rankings for no reason and then asked to “stop helping” my team so I could rise as they could sink. I knew right then that XOM would never be for me. Great things always happen when people collaborate and share ideas. Very very rarely can one man do it on his own.

I left for a competitor with a 15 min commute, awesome culture, 9-80 work weeks, free gourmet lunches (now gone thanks to downturn), and a 100k dollar raise which included my annual bonus. Gone was the toxic culture where those that rose did so by stepping on the heads of their peers. No more ranking, thirds, and c-ap like that. When I resigned, my manager asked me if there was anything he could do to make my change my mind. The only thing I wanted is to have my rank reassessed with my technical team lead present to give feedback. I didn’t want money, role change, etc....just that dignity back. That was the only thing he couldn’t do he said.

Best thing I ever did was leave XOM. I have survived 3 layoffs during the downtown and am recognized for my strengths and supported to improve on my weaknesses.

I don’t know many people who were ranked in the top quint who have left. Raises at this level are too lucrative for most to leave.

There are however many people ranked below that who are intelligent and deserving that left for grad school or other companies.

@rdc
Let’s see where your “talent” lands in the next 12 months of cuts.

@sqi many are here because of the rumors coming around. This site was reporting 401k cuts prior to corporate announcement. People come here for anonymous posting and juicy gossip.

I’m curious. Why are current personnel on a lay off website? Why do you feel the need to gloat about your job or defend management?

Sounds like they have people still not doing work at XOM and playing around on their phones.

Ranking destroyed the environment. Employees spend a lot of time focusing on what they can do to “rank high” rather than what they can do for good of people the company.

I quit for a better opportunity and it was a wonderful feeling. Although I liked many people there as friends, there was nothing good going on collectively. Everyone was worried about their next higher perk assignment, and their next performance evaluation. The real work had stopped many many years ago to appease bunch of jokers and each other.

Maybe where you are

Sleep with? Sounds like Hollywood casting couch. This part maybe more of a fiction

Clearly that is a lie. Many employees were bumped up due to who their friends are, who they drink with and for some who they sleep with. We all know this. And look at the advisors for huge groups of employees another joke of a position and held by some with little education and a history of harassment. This is who is advising on getting rid of PhD’s?
Let’s be honest.

Tesla is hiring 5000 people for the plant in Austin and even has jobs in Houston for the solar business mostly. They might have certain issues also but growth or vision is not one of their problems right now.

By definition, the people being terminated are low performers and not talented enough to stay. There are plenty of aspiring young people that will want to work for XOM when XOM needs people, just bump the starting offer up a few thousand. over 90% of companies do not offer both a 401k and defined benefit pension and high starting offers

The question is how the current situation is navigated that is best for good employees and also for stock holders?

Too bad your supervisors s—. My line management is top notch. Could not be happier. Im with a great group and the culture is outstanding.

Did anyone have a crystal ball to see how bad the world was going to get 2020? Coronavirus is doing damage to many parts of many companies.

You think stupid stuff like we are doing isn't happening at companies like TESLA? They are laying off their workforce with performance evaluations also.

Times are hard for everyone. Many companies are struggling. If you think this is only happening here you are clueless as to what is going on elsewhere.

And where do you get this text from?