The oil business (especially the upstream) will be contracting during the next decades
EM has instituted a new system where the employees’ careers are a mix of musical chairs and gladiator games (commonly known as Hunger Games)
Unlike any other time in decades, the technical employees’ careers are curtailed to 20 years of service or age 50, by layoff or PIPoff, because past that point the employees become “expensive”.
The pension benefit has been cancelled in practice, as “regular” employees are systematically stoped from becoming RE or even NRE. Effectively retirement will be limited to “leadership material”
Technical training is limited to online courses and the opportunities to learn from highly experienced peers have disappeared just like those peers themselves.
The ranking system, a perennial sore at Exxon and ExxonMobil, has been totally debased by targeted NSI ranking to eliminate unwanted and “expensive” employees. The last vestiges of reasonable ranking (the 20% annual drop limit) have been eliminated to allow “sudden death” - PIPoff at the push of one button.
The company sunk from the premier company in the oil industry to being second rate - at the bottom of the majors group.
The top management absolutely refuses to assume any responsibility for the situation created in the last decade and instead awards itself endless rewards, officially “to motivate those who have to lead us out of this hole”. No word about penalties for those who led us in this hole.
Increasingly arrogant, tone-death and outright antagonistic handling of the abysmal events of the last and current year; not only that another oversized PIP was recently announced, but we’re now supposed to believe it’s for our good, that it has nothing to do with personnel reduction. The rate of passing the PIP is touted as 90%, without mention that virtually everybody who was thrown into the oversized NSI last year is not with the company now.
Adding insult to injury, with a sadistic streak, suggests that the leadership’s method of dealing with morale is a classic one: executions will continue on a daily base until morale improves.
Perfectly put, @3yqmh+16zEvLP3. This deserved a separate thread.