Sick and tired of these managers (especially from XTO) posting in LinkedIn that they HAD to lay-off so many valuable people, who now are up for grabs to others.
WTF.
First, they CHOSE to lay-off workers because they CHOSE to maintain an unsustainable dividend.
Third, it’s not Covid which “made” you fire people, it’s the decade of failures that puts in this predicament.
And third, the talent they throw to the curb, they aren’t up for grabs. It will be tough in this environment to onboard another O&G company. Most of these folks will be leaving the industry for good.
We aren’t coming back stronger and certainly we are not in this together.
When are they going to stop lying.
20 replies (most recent on top)
This person is a little coocoo.
XOM CHOOSES to pay the shareholder, who has had a 50% loss vs employ UNNEEDED people or low performers. IT could accomplish the same by CUTTING SALARIES by 20% and/or cutting the dividend. XOM chooses to not be a charity and employ unnecessary people, It CHOOSES to be more EFFICIENT and IT CHOOSES to not cut dividend AND not cut base salary on the 80% remaining. If you survived the layoff remember you lost a 7% match BUT are keeping an 20% above market salary. PS Senior management will have a 40% to 50% cut in compensation. MAYBE this cut should be equally shared by ALL EMPLOYEES
Referring to XTO, XTO by business does not exist since 2017.@rtwein was the axe to cut that separation, and became EM, now your are seeing it, she fire people that resist EM culture, but there was a Karma fell on her (She is gone). The people sent from XTO to EM, they became advisors (closer to the door) over there, who wants too be an advisor. People sent from EM to XTO are just the tool to try to brainwash and apply the EM culture. It is not true that your manager, about that kind of speech, wants to preserve the XTO culture, that is a complete lie. Every time that your manager speaks, listen to him carefully and you will notice that it is a memorize speech, but different words, and talk to your co-workers or friends in the other departments and compare their speeches, same thing. For example " WE HAD TO blah, blah, blah,..". I am still working with the company , and I am going to be out of the company in February (I have being with the company for 7 years), but they hire another person now, with my same engineering background like me, as a support for my group. this person is living in another country and he is working from over there as well. Why to go to far to hire another person?, they can find one at least in this continent. if it is in that way because business, they can hire two or three VP's as well or a CEO. It means the company is back filling positions. Another thing, t's just me, if I try to help people find a Job, I will do it more privately, and try to do it, and not just try to say it. I give him or her a lead to find a job, but I will never do it to public, or try get publicity about the theme. Some people try to excuse the managers, but if they realize that they were the lead to select the people to be layoff or PIP or you think that the upper management knew it. Randomly, yeah right! or maybe the bunch of snitcher that exist, even in XTO. This a question to the people that they do not think that cut dividends will save jobs. Cut the dividends to .20 cents. I know that for those people I am saying a blasphemy, but comeback to reality, please. COVID just shown the failures our kindly management.
ex-conoco, ex-EM, semi-retired here:
getting laid-off is not the end of life. Look in other growing industries, forget about that "entitlement" mentality, from day one we know this industry is cyclical. We were just lucky to have had good salaries and benefits for several years. And please, advise your kids to never get into this brutal business..
@tmc+18glQLDz
Who is to say the ones just fired aren't both b–ching here AND looking for a new job? Just because you can't doesn't mean others aren't capable of walking and chewing gum simultaneously. It is just you, so you do have some sense of self awareness.
People posting on LinkedIn to show off to the public that they survived, are so good and want to "publicly" display they care but are lazy enough to not directly email the person. Copy and paste generic messages is the new ExxonMobil way :).
Nope I haven't been laid off yet but I still need to work with s— fake people.
Your former colleagues are posting support and you’re complaining? What am I missing.
Well they aren’t sincere? Who cares about their motives. If they will help you take them up on it.
If everyone had to have perfect motives JI good would get done ever. You think people who volunteer do it because they are Jesus Christ returned? They do it because they feel it is the right thing to do and are trying to do what is right.
Grow up. The world is bad enough without trying to villanize those who actually try to do the right thing.
You think posts like this will encourage others to reach out? Is that what you want? Go ahead and sit in your cave of misery. I will continue to strive to do better.
I will help you find a new job=hold handrail I want you go home safe=I care for your career=I have to say something to look smart=this is the way how I get where I am=I care for myself only.
Personally if I was just fired I wouldn’t be on this forum b–ching I’d be finding my next job. To each his own.
To all the haters why don’t you try contacting those who are offering to be supportive. Who knows you just may find out they mean it. What would you have done if you were not fired? Just pretend it didn’t happen? Post something else? Do tell.
@nbn+18glQLDz very well said.
LI posts are actually a great way to find out the real brown nosers and complex individuals by checking who all are putting the cookie cutter posts offering to help the colleagues while they were secretly hoping the "other" ones get laid off and "not them." This is just a ploy to make. themselves look holy than thou.
Also. look for serial a– kis-sers on LinkedIn who like any and every post by ExxonMobil management and executives.
Those LI posts are so fake. Finally we can identify employees who got their roles by cheating and playing games. Just look on LI and when you see posts from supervisors and managers offering help and being emphatic it means scam and they are the ones responsible for this.
The real reason is that XTO is an unprofitable bag of garbage.
It was a bad acquisition then, it continues to be a bad business now.
Firing several hundred people won’t change that fact.
This lost is exactly why I haven’t contacted some people who were fired. People who weren’t good friends never went out for drinks with them or anything but whose name I knew and maybe bumped into periodically at work.
I’d like to say hi let me know what I can do to help. Not sure what I can do. Feels like I can do nothing. Haven’t though because I think people need time to be mad and hate the world before they are ready to talk.
@uzz+18glQLDz Same in my group. Too much to do. I have hope that we can eliminate some of the work that is not core to making money because we just don’t have the people to do it anymore.
My team is slammed with work but we still lost good talent.
Dividends are not the reason though. Exxon has been doing bad since before covid. Covid just made things worse.
I didn’t realize we could choose how much we sell oil for. Enlighten me.
It’s not the dividend! You are waaay over simplifying this. Not paying the dividend wouldn’t have stopped the layoff. Our lifting costs per barrel are too high. We can no longer grow our way out of the problem even if we used the dividend money for projects.we have to figure out how to produce each barrel for less. This is one way to force that change. The non value add work everyone complains about wil have to go away because there just aren’t enough people left to keep doing it.
You would rather they post what? Hey everyone don’t hire these people? Truth is good people were fired. Low level managers and supervisors aren’t the ones who made the decisions leading up to this. I know for a fact managers proposed a number and were then told to cut deeper than they proposed from higher up management.
Those laid off aren’t being back filled. You are suggesting everyone should have been kept on the payroll even though we have so much less work to do? What would all of these people have done?