Of course, high pump prices will improve the execs pay. Your high salary does not, so there’s every incentive to keep it low until they have no choice, like high attrition in China, before they do something about it. By the way, you Singaporeans should have gotten the signal when you see the low increments. Exec must have felt the attrition in Singapore is not high enough. 9b of structural savings don’t come by themselves. They need your resignation letter to hit this KPI.
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When pump price goes up EM is always readily to raise to match the competitors. But when it comes to salary we are reluctant to match but selling “Long term “ career which is BS. When come to retrenchment package again we are worst compared to competitors . So folks are u clear now what kinda of org are we working for or you still pretty blind as bat ?
Singapore thread is quiet because everyone either busy sucking up or doing their PDS or EMagining the future.
Seems like management only knows how to EMagine the future, because that’s what they do best - building sandcastles in the air. Whereas what’s real is that we are going to face high % PIP again, low % increment, cut back on benefits and overworking on reduced numbers so that our great leader, DW is going to trumpet his achievements to the board.
What has GC done so far. We can only EMagine what’s next. Hope all of us have good stuff to put on PDS, else EMagine the consequences.
If we have 100 PIP/PIL this year, suggest to combine, hire the best lawyer in SG and sue EM. Can’t EMagine that appear in the headline.
Impt, don’t agreed & signed anything written on the PIP/PIL letter.
American firms are notorious for hire and fire. Think you all are leading comfort life for too long and what's happening is beyond your imagination. The time has changed and is irreversible. Yes, it can be scary for those who may not make it....losing what you have esp those overly committed. Words of advice - leave if the working environment if it is toxic rather than wasting your time complaining via this platform.
16zEvLP3
EM is a big FARK in sgp thats why
Anyway eagerly waiting for my turn for the great PIP lah
Actually PIP is very unethical, EMagine any SME trying this here, MOM will hammer them up side down. But when EM tried this here, MOM said good, very good… what the F!
Attention:
72,000 was end of 2020, not 2021.
Let's be clear on that point.
Exxon said in a securities filing that it ended last year with 63,000 regular employees, down from 72,000 in 2020 and from 74,900 before the pandemic.
What is there to advise on our culture? LOL
Shitz, don’t expect a good increment next year!
Good job, woodly… I can EMagine our plants running by contractors, a few dept heads and Managers running around crazily. Together with our satellites Engineers from BTC/KLTC.
Exxon had 72,000 employees globally at the end of last year, according to a company filing. If 36,000, which means 50% will be PIP!
$9B headcount is approximately 36,000 heads assuming each employee is drawing an average of $250k.
Where does 9b structural savings come from? Of course come from PIP! Do you really believe it’s an improvement program? If there’s always 8% of people who needs improvement, then HR and the hiring managers must not be doing their jobs properly?!
And for someone like DW who has provided negative shareholder returns for a 5 year period, why is he still in his job. Compared to our competition, we are last if not near last for total shareholder return, why is he nor his management team PIPed?
Performance improvement my a-s.
Like Government raise GST, EM also raise PIP%
PADP period is coming!! Start to write all of the boliao, useless "non-base" work that you have wasted valuable time on! Oh wait, it depends on whether the bosses likes you or not. Better spend your time wisely to carry their ba--s!
Rumours say that PAC plant will shut down tomorrow. SCP is sold to Shell. Pioneer is taken over by Russia. SAR2 bought over me.
Rumour is flying around that this and next year PIP % is likely to increase 2 digits figure. Double strikes and out you go, no question ask.
Pretty worth it. Salary up nearly 50% since leaving EM last year, though this is coming from a low base as I was quite junior when I left. TBH, I hold no ill feelings towards EM, because I think it has helped me get to new places. Much of my salary increase is just due to the job market heating up in the tech sector.
For those who choose to stay , enjoy the rocking chair leadership- A lot of “motion (like songs and dances” but not moving anywhere lol .
Well you have a few choices in front of you. Be part of the additional 3B when you get PIP, update your resumes and be ahead of the curve, or you can EMagine a better future by staying. All the best my friends and adios!
How many headcount is $9B?
TMTS is coming, check it out with your colleague at India.
Structural costs will decrease by $9 billion by the end of 2023… this is $9000M worth of head-counts and without a good foundation, it will definitely collapse like Nokia and Kodak!
There is not much career per se any more for engineers as well as for management.to cut more cost must cut layers too many managers so called leaders reliability leaders advisors enablers, does all these ppl come out great great ideas to improve bottom line or make plant more reliable and conducive to work ? downsize to flat organisation will reduce cost and minimise stewardship ideas, KPIs, and reduce work processes which many overlapping here and there because managers need to show their work too so by creating work process it create non core value added process. Does it change how to run crude to lubes or finish products chemicals… the sales volume.. but fact is that it cannot be done as it eat to rice bowl of managers as well sad but true organisation just too fat in management, working level is low in competency, hiring is difficult to attract top talent, attrition high. Many ppl in mid 40/50s start to count down retirement as long as don’t get pip and squeeze bottom layer as much as possible to get credit from them. Who cares you overloaded, no one all talkcok. Newbie get overloaded to get some MNC experience and jump boat in years to come and managers get busy as usual to hire ppl, managers are happy although they shake head because they are quite busy of all these cyclic problems. It nicely fill managers time.
https://news.yahoo.com/exxon-cutting-even-more-costs-144345618.html
Is this a surprise ? It’s obvious the DW has run out of tricks. If you go back to the all familiar analogy of a rubber band. It is obvious that going fwd he is well aware that oil price will slide ( what goes up parabolic will come down parabolic) . He has no clue to generate more revenue streams ( they are drying up due to renewables , brains drain etc) moving fwd, so in order to safe guard shareholders ( whom he and his cronies are the big elephants in this group) interest (of cos share price from tanking) , he will need to keep pushing down the lower end of the rubber band ( ie cost) . For a company that keeps focussing on cost cutting instead of growth , it’s a company suffering from the last stage of terminal “ cancer” . There are 3 groups of pple in the company now : 1) 先知先觉- those who are first to know . They will take action to move out and switch runway 2) 后知后觉-those who know later. This group is likely to suffer and struggle when they decided to move later . They are like frogs who are being half cooked in a slow steaming pot 3) 不知不觉-the self denial ones . These pple will be boiled and sink with the company… which category are u? May the force be with you… I just tendered . Take care remaining comrades .
Exxon Is Cutting Even More Costs -
https://news.yahoo.com/exxon-cutting-even-more-costs-144345618.html
"Structural costs will decrease by $9 billion by the end of 2023 compared with four years earlier, a 50% increase from the previous target, the company said in a statement Wednesday.
Song bo?
Always have résumé ready
Be financially independent (that is if you can in the first place) , then to he-l all the cr-p that people give. You are in charge.
Why worry so much about career in EM? If you are good, no amount of wind can bring you down. Be it in EM or outside. Focus on growth, development, enjoyment and money?
OR you can EMagine there’s skill development and money opportunities here in EM, while trying to survive a 8% PIP. Should be a lot of fun doing so, since you are surrounded by caring leaders and great supportive colleagues, who trying not to be PIPed themselves. :)
Go where there is skill development and money opportunity.
Shopee or tech companies , one thing for sure the skill set they learnt will definitely keep them afloat for many more years to come … staying in this half sinking titanic will definitely bring us to the bottom of the sea bed soon. Jump or not jump you decide . I am jumping for sure … Unless u are in your late 40s or 50s and have accumulated enough money to retire when the ship sinks .:.
How’re our good old friends in Shopee and other tech companies doing? Was it worth jumping?
Got EMoc also if you all still got interest lah
Cheers
Fret not guys! There’s EMagine. You can EMagine the good times you are not getting in reality.
I am unhappy but i am not stupid like U with blind and misplaced loyalty .
Why are you still working here? You are free to go if you are so unhappy about it. Do Not Leech on this company until you find another job.
Many are waiting desperately to contribute to this company.
russia invade ukraine, stock price up, shareholders, managers and executives are happy now. Can see the grin of their faces already while we are still struggling.