Oil’s back at $50/bbl; were all safe now—unless your manager doesn’t like you for some reason.
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Yes, Exxon did..but they also don’t have the liquidity that we do so...
Look at the news...Exxon just announced more layoffs and so did Halliburton. This news is just today. If you think layoffs are over because oil hit $50 then you are dumber than the board keeping Lee, Pat and K Hill. All we can hope is they cut from the top this time.
If things were fair, which they are not, management would get hit hard this time around. We've got to be getting close to a 1:1 ratio of managers to staff at this point.
Heaven forbid they keep some people around who can actually do the work.
I hear land and HSE are going to be hit very hard this next round.
@Two Cents:
Thanks, Mom!
See ya in a bit. I’m off to play Fortnite in my new F-Sport. Got dinner plans at Vic & Anthony’s.
Guys, here's the deal. Posts here can be useful after layoffs have happened to assess the damage when org charts aren't being provided. But beforehand, nothing on this forum is reliable. IF layoffs happen, which I tend to think they will, worrying about them won't do much good. Based on how the last round went, with Tier 1-2 ICs getting axed or transferred, nobody is safe.
I suspect we're all already doing this stuff, but right now you should be:
1) Doing your job. It's simple, do what you're asked and don't complain. Be sure your boss (and director and RVP) know what you're doing. You don't need to be annoying about it but now is the time to be visible. Send your boss a weekly update if they're asking for it. Hopefully, you've been doing this since March. Visibility, not competency, will likely decided who stays and who goes.
2) Looking for a better job. This should be happening all the time, layoffs or not. Figure out what skills are being hired right now. Start thinking about you would do if you were laid off.
3) Removing personal files from network and taking home anything important / sentimental from the office. Do not rely on your admin to get your stuff to you.
4) Refreshing your skills on the clock. Fact: This year has been slow for everybody. Anyone who tells you how busy there are is either straight up lying or just plain dumb. Rather than sitting on your thumbs at the house, take a free online course or refresh a current skill that may be stale or attend a free industry meeting. There has been a ton of free stuff this year around employee development available through SPE, coursera, etc.
5) Saving your money. Do not buy a PS5. Lexus December to Remember? Not for you. Stay home, learn to cook and save that cash!!!
Sorry for the long post. Stressing out over the holidays won't help anybody. Merry Christmas and Happy New Year to all.
Unfortunately this is not the case. Like a slow moving wave, the RIF is heading towards us. This will take place after the first of the year.
If it was verifiably already planned it’s still happening. You don’t make business decisions off of one days price. Anyone know of the RIF prediction IS legit? Where is the one who Knows?
Watch the news much?