Thread regarding ExxonMobil Corp. layoffs

ExxonMobil Losing Money Q3 vs Other OG in Green? 10 years of Poor XOM Stock performance?

This is a question to be asked to few who are still blinded by ExxonMobil fake money and power employees and managers:

Why is EM standing out like a sore thumb with recent quarter losses, a decade of extremely poor stock performance, and holding inefficient assets (XTO, Kearl, harsh environment deepwater fields)?
Is it directly correlated with extreme much overhead and over the top salaries for unproductive work?
Is EM standing out because of it's tens of thousands of employees doing wasteful and burdening activities. Few clear examples are redundant planners, safety champions, low level supervisors, managers, EMIT, HR, Research Companies etc.?
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| 1554 views | | 4 replies (last November 1, 2020) | Reply
Post ID: @OP+17IQD3x9

4 replies (most recent on top)

As a former employee, this is 100% accurate and the reason I left. My company was bought by XOM and during the 10 years it took for them to relocate us to Houston it had become a huge joke about how the people who came up to help with the merger where "very Exxonish" or "Zombie like" in there approach. They only cared about what they could put on their value add at the end of the year and only cared about getting projects done "to a point" so that every single project I worked on during that 10 year stretch was never 100% completed (generally around 80 was acceptable) It also stands true that no one would ever stand up to anyone making a terrible decision. We were told never to question anyone who was a supervisor or higher as that was a huge no-no. Even the longtime XOM employees that worked with us on the transition said that was also ingrained in them. It was absolutely ridiculous because you had people who had zero business making a decision by themselves making important day-to-day operational decisions (probably like this everywhere) There are some great people at that company that will never be recognized for the work they do and never realize they could have a career somewhere else that is more fulfilling. I wish the best to all my former XTO colleagues down there now waiting to see if after a few years in the humid hell hole that is Houston/Spring and trying to fit in on that overpriced, stepford-wife campus if they will still have a job.

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Post ID: @sxl+17IQD3x9

Actually Exxon’s performance will be good with or without you (employees) contribution. As what Darren Woods mentioned, we are a commodity company and we have to pray for a recovery oil of prices. I’m sure the investors will pray with us.

That’s all! Winning!

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Post ID: @ogn+17IQD3x9

@has+17IQD3x9 wow very precise and real points. I feel the pain but agree.

News channels and journalists and reporters should pick this systematic top to bottom very toxic culture of ExxonMobil and investigate it fully given the company has investors hard earned money and also affects the society (environment).

#newsreporters

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Post ID: @vwq+17IQD3x9

Below is what was indicated by others in few previous comments as well.

Employees and management do not act as humans at ExxonMobil. We do not know where could they go if they are laid off so they are all clinging to their worthless jobs and toxic activities with full justification. I asked for frank opinions from few people who found better careers and have left the company by choice in the past and all of them paint an interesting and more realistic picture of ExxonMobil (asked 6 people and the response was 100% in the same direction) :

  1. People are brainwashed into being zombie-like,
  2. There. is too much greed for salary,
  3. There is no backbone in "anyone" to stand-up for any core human values,
  4. No one from the very top to very bottom in the corporation cares for adding value to the company or the share holders –> the value addition game is played to manage yearly performance assessment cycles.
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Post ID: @has+17IQD3x9

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