Thread regarding ExxonMobil Corp. layoffs

More PIP's and asset sales between 2025 and 2030.

For the past five years, we have consistently saved about $2.5 billion annually – more per year than some companies aspire to achieve over multi-year periods. While others set small, safe goals, we’ve been challenging our organization to aim higher – with bigger, bolder targets, that redefine what’s possible…and, as a result, we’ve fundamentally transformed the cost base of our company by delivering $12.7 billion of structural cost savings since 2019. This far exceeds anyone else in the industry…in fact, it is more than all other IOC’s reported cost savings, combined. And we are not done yet…we have plans to achieve $18 billion in structural savings by 2030.

@7hgs+16zEvLP3

It sounds like someone has hit a nerve.

still wondering who is the JC guy, drama stirring

Let’s be clear and be a man! This is a layoff platform. Your focus should be on PDS and ranking results, not dragging me (JC) into every discussion. I’ve moved on from that toxic cycle (the so-called "rat race"), and I don’t appreciate the constant, irrelevant throwbacks. If anyone has an issue with what I’ve said, you know where to find me. Let’s keep this space productive.

If you're so capable, focus on upgrading yourself instead of spreading negativity. Your energy is better spent improving than tearing others down

ownself write about ownself, this is the calibre of the leftovers

LOL, someone just showed me these comments, thanks! I’m just a tiny fly in the room. Some seriously talented DH and SLS have left, but they’ll always have a place in my memories!

power la jc

That being said, so many people have left, who remember?

Recently, a respected colleague who dedicated 16 impactful years to EM announced his resignation. In his farewell message, he shared a heartfelt reflection on his personal and professional journey, the highs and lows, and the many transformations EM has undergone along the way.

I want to give him a big two thumbs up. Not only is he incredibly hardworking, but he’s also full of fresh ideas and always thinks outside the box. He brought innovation, energy, and a forward-thinking mindset to every challenge. On top of that, he was always a joy to work with, really a smart guy, humble, and a true team player.

In a world where some are quick to claim credit or engage in office politics, he stood out as someone genuine and grounded. His departure is a real loss to EM. People like him are rare, and his contributions, both professional and personal, will be deeply missed. He leaves behind a legacy of excellence, integrity, and inspiration. He will always be remembered.

Kudos to him, JC!

It’s common for EM to reduce headcount through PIP due to cost cutting and restructuring.

One less person to compete in ranking? A billion people in India, the whole world can’t out-compete them

yes make all the good ppl go, so you survive the next 5 to 10 years farming

LOL, why even bother you? Just keep farming till the very last day. One less person to compete with during rankings! 😏

Who is he?

Sad to see him go, wishing him all the best! Meanwhile, the rest of us get ‘enjoy’ double duty since EM isn’t backfilling the role. Hang in there, team, we’ll make it work!

The worst problem is while they are using this method opening no one have the power to stop Exxon from doing this…

So just farm… don’t feel bad about it.. it is okay.. only stupid people would talks about work ethic and integrity in Exxon…

PIP is a legal plan to fail employees and get terminated without paying retrenchment packages.

Oh good can’t wait to finally get out of this crazy cruel hypocritical place! Give me package! I’m ready to retire, don’t need another job at Aster or wherever else… give the job to those younger people

The exit from Singapore begins.

Aster Chemicals said to weigh bid for Exxon Mobil's Singapore fuel stations

Aster Chemicals and Energy, the new operator of the Bukom refining complex, is reportedly planning to bid for Exxon Mobil's (NYSE:XOM) petrol stations in Singapore.

The sale of the Exxon Mobil retail outlets is entering the formal bidding stage, with binding offers due in May, Reuters reported on Friday.

The network of 58 petrol kiosks is valued at roughly $1 billion, although none of the initial bids have exceeded that level, the report said.

The sale has attracted the interest of private equity firms and asset managers. However, it was not clear which financial firms plan to bid.

The sale will mark Exxon's exit from Singapore's retail fuel sector as the government plans to reduce land transport emissions by switching to electric vehicles. In 2023, Exxon sold its gas stations in Thailand to Bangchak Petroleum for $603 million.

Aster, the joint venture between Indonesia's Chandra Group and global commodities trader Glencore, recently acquired Shell's (SHEL) refining and petrochemical assets in Singapore in a deal that excluded the energy major's petrol stations.

https://www.msn.com/en-us/money/markets/aster-chemicals-said-to-weigh-bid-for-exxon-mobil-s-singapore-fuel-stations

PIP is a loophole for the company to remove excess employees without paying formal retrenchment packages. EM is damn good in doing it after Covid. Employees with 25 years of service only need to pay 3 months pay to lay off.

Layoffs and PIP/NSI is occurring in these countries.

(1) USA
(2) Singapore
(3) Belgium
(4) United Kingdom
(5) France
(6) Australia
(7) Canada
(8) The Netherlands
(9) Italy
(10) Germany

Nothing official, but ranking is encouraged to be flat to down. A lot more downward pressure

If no layoff during election, then those who got unfairly pip past few years will swing their votes? Really everything also can link back to election

LinkedIn posts are meant for to target 1 thing, to get headhunted. Those who post regularly are always the first to leave. Your DH is likely planning the exit. Just stay and watch the drama La sia

trying hard on linkedin. seriously leh whats going on with exxon? sh-t needs to be corrected liao or else goodbye. just be authentic. every sh-t posts on linkedin. damn fake already.

lay off before election will impact PAP votes

DH in kltc easy ar, just post linkedin on the cultural stuff can already. Show that EM got culture in KL

how the he-l so easy leh to become DH in KLTC. no need to become supervisors suddenly DH/Manager. DH first time doing PA. we all die leh!!! singapore so slow liao. i just saw the chart. crazy liao. what happened to the company. favorism?

SLS protected in ranking still want to claim credit for what i do..walau wei...

where is KLTC or btc thread? i want to read leh

The only transformation I can see in EM is, it is getting more and more sc--w up

I love BTC

Em Singapore career already gone since covid, when they started pushing transformation

@7fv6+16zEvLP3

Sorry to hear that. My advice is to seek an attorney's advice.

Either way, your career (or rather more precisely, job) with Exxon is over, but at least you won't get pushed around

Expect the HR or PGA guys to thumb down this post

I got PIP and my supervisor intentionally find faults and pressurised me to to put down the final signature but I do not agree with it. What should I do?

comrade ncm will save us from layoff

Shell exited without informing government? they talked about exiting Bukom for years and the employees were informed last May, one whole year in advance about their layoff. For at least 3 years people had zero motivation to work and were waiting for package, like we are doing now. Many are now saying their final goodbyes. I hope EM does better - don't drag it out like Shell did, and give us the quick and easy exit

shell exited without informing govt also leh

You think this Ang mo company run by trump ah? All subjected to local governance and guidance. Want to lay off also need review of plan and execution by local agency before approval. So confirm won’t be before election.

layoff and elections got link meh, ang mo company leh

@7fj5+16zEvLP3 This month unlikely for us… it will be tough to announce the biggest oil company layoff people right before GE lah. Will cost the PAP votes, then PGA cannot adopt blocks or kawan with mayor. School holidays also unlikely. Hope immediately after SG60 celebrations lah!