Thread regarding ExxonMobil Corp. layoffs

When I first started with the company soon after the merger, there were three SPOSA's in the span of 18 months. You better believe that if XOM decides to lay off more people, it will happen any time, regardless of where we are in the performance review cycle. If there is a layoff in March, folks are off the payroll 60 days later - May. If they wait for performance reviews and still offer 90 days, folks won't be off the payroll until October. Do the math.

Yeah, they hate doing layoffs - they would rather have PIPed everyone!

Despite what has happened, this company hates doing layoffs. They have historically been the last company to cut headcount in downturns. It is not trying to liquidate it's staff and go out of business either. Unless the financial numbers continue to fall short the cuts are over.

Tô those saying the PIP was a layoff is the main supporting argument that the rules were changed? Trying to understand the reasoning.

No one is let go in March... This is the start of the PADP cycle. The earliest would be in July that people are placed on PIP program. Ultimately they would be (potentially) let go end of October at the earliest for not passing.

I know many people that passed the PIP this last cycle.

I wish there would be official confirmation of what the VP said.

I’ve been hearing a lot of people wondering if come PIP season they will wish they had been part of the layoff. If you go the layoff seems better than the PIP. Especially with the lump sum pension option, extra time on health insurance, etc etc

The PIPs will continue. Get your %ExitStrategy and leave on your own terms

@xov+18eHlXFz Not disputing the trashiness of the 2020 PIPs. They blindsided good people and early career people were lied to about being deemed. This is all true.

But now we know how the game is played and if you want to stay, it’s just going to be a part of our assessment process - good or bad. But no one can be surprised in 2021.

Thank you OP, finally some common sense on this thread.

This past July was a layoff, a layoff disguised as a fake PIP which they did so they didn't have to pay a severance. It was a fake PIP because they rigged the brand new ranking system even more than it was already rigged before. The whole thing was shady and they know it and we all know it. They will continue the fake PIP for at least the next 3 years increasing it to 13%. And they will announce another layoff at anytime they need to, don't think for a second that this is finished. All these so called leaders and best of the best have destroyed ExxonMobil. If anyone needs to be PIP'd it needs to start from the very top. So called poor performers have nothing to do with the state of this company.

I heard the VP say we will continue to use PIP at 5-10% as other board members think we don’t have enough attrition.