Thread regarding ExxonMobil Corp. layoffs

@OP+17reVvGX
Fully concur employee have lost faith in the leadership and the redundancy could have been executed different to strive win-win during this crisis.
Unfortunate that the “leaders” cut corners and laid off the employee in such a disguised form.

It is unimaginable that a well reputable establishment would resort to such measures in order to sustain their business.

Take a read the situation in Singapore, employees living in uncertainty and Low morale they will be the next victim.

@Ussu+16zEvLP3

: @hyy+17reVvGX Exactly and Exxon has had forced retirements and undercover layoffs since 2014.

IF apple had a place to reinvest profitably, they already would have, hoarding money doesnt eliminate tax liabilities. Reinvestment eliminates the taxable cash hoard with expectation of greater profits in the future.
Amazon did have plenty of places to reinvest, and they have been doing so for years not because of tax liabilities but because they expect/ hope to make a lot more money by reinvesting. They are not f00lish enough to reinvest with the risk of losing all of it just because they dont want to pay taxes. No one burns ALL their money just because someone doesnt want to pay a little bit as tax. Amazon is a pretty biz savy company. The day they have few high return reinvestment opportunities, expect tax payments on profits, dividend increases and share buyback.

Capital for fracking is gone. I bet you will see very Little investment in fracking moving forward.

https://money.cnn.com/2017/12/27/technology/apple-cash-tax-reform/index.html#:~:text=As%20part%20of%20the%20tax,from%20their%20overseas%20cash%20piles.

Apple is hoarding money for tax liabilities...

Since 2014 prices have been low due to the legions of frackers. The days of OPEC or anyone else controlling prices has been over for years. Don’t hold your breath waiting for a sustained oil price shock leading to a return of ExxonMobil’s lost market capitalization. Frackers can jump in and quickly fill any supply shortage. They say “lower for longer” about prices. We should say “smaller forever” about ExxonMobil.

Amazon is actually hoarding money because of USA tax liabilities.

A lot of sharebuyback was geared towards Executive Compensation and not for reducing no. of outstanding shares.

It lost 60% of marketvalue because there were not enough investment opportunities to deploy its massive cash hoard. The markets are supposed to operate this way, companies that cannot deploy the capital are supposed to return it to shareholders using share buybacks enabling shareholders to deploy their capital where they seem fit. Apple by contrast hoarded the money because they felt perhaps they can reinvest it somewhere more profitable but failed to find a lucrative investment target. Amazon on the other hand, kept on reinvesting their money keeping their profits suppressed rather than building a cash hoard, trying to build the infrastructure and assets that they believe MIGHT make them money (no guarantees though, there is always risk in capitalism and investments).

After that, because of oil price crashes, many of the investments didn't pay back as expected. When the value of your product drops a lot, the value of the employees also drops and so does the value of the assets and that is reflecting in the share price.
It the same for everyone, oil, gas, metals, lithium, steel, car manufacture .........

IF an oil shock occurs, the oil prices shoot up, then the share price will go up again and the market capitalization will return to its former high.
In hindsight, the share buybacks were not the best approach, but no one can predict the oil prices or shocks like covid or shale oil or financial crisis or renewable and electric cars, there are no guarantees.