Exxon Mobil, still reeling from massive oil bust, to lay off workers after
all
“Today, we have no layoff plans.” On Wednesday, Woods reversed course, elling employees at a town hall meeting at its Spring campus that layoffs are inevitable.
https://www.houstonchronicle.com/business/energy/article/Exxon-Mobil-Flags-Potential-Job-Cuts-in-Email-to-15666749.php
This is not the first time work has transitioned to lower cost countries. I think the studies mentioned would not have resulted in layoffs. We would have decreased hiring in higher cost countries and moved work to lower cost countries. Retirement and normal PIP % would have been used to decrease headcount.
Unfortunately COVID-19 has accelerated the programs and we are making drastic decisions.
Legalistic BS. There was no board endorsed lay-off plan. There was though a lay-off plan. TMTS and HW3 are planned since 2019.
Fake layoff, real layoff. Who the f— cares aside from us in the company. Surely the share holders and board care that you were "unjustly" let go, right?
Employees are being let go because there is no work for employees to work on. Massive amounts of projects are being deferred which means don't need you anymore. It's the nature of the boom-bust commodity cycle we work in.
Woods spoke the truth...when he said no layoff plans, back in May. Studies were underway and not complete, so they used the only tool in the tool box (8% PIP). We still do not have a final Board approved plan. When the Board approves the plan in late November...Then THERE A BOARD APPROVED LAYOFF PLAN. And Board will have ENDORSED ALL EXPENDITURES and CHARGED MANAGMENT TO EXECUTE THE BOARD APPROVED PLAN.
Many who survive PIP will get hit by this layoff, but severance benefits will be better and severance benefit will pay in 2021 AND employee can collect unemployment. Probably worthwhile to work a– off to get better severance. MOST HAD NOTHING TO DO, but collected big salary for extra 6 months
The Darren can ANNOUNCE THE PLAN.
EM already did a mass lay off, but disguised it as performance issues. They are shady and it is an ugly approach for EM to be able to say “EM doesn’t lay off their people” so instead of being upfront and saying we are doing lay offs, they spin it to say you are not up to the level we believe you should be, and suffer being PIP’d or leave now with three months severance. Not only are people bring layed off, but made to feel like c-ap too. They disguised real layoffs by PIPs and got away with it so they can hide it from Wall Street, shareholders, the public and local and world news.
They couldn’t do it again so soon, so now they are calling it a lay-off this time.
So don’t forget the other folks they got let go already as a lay off in disguise by EM. It s—ed for them too.
The next wave is just about to happen again, but labeled as a real lay off.
People have been let go since July. Not new new news