Does anyone get the value add rationale of this seemingly senseless forced turnover?
If the units don't need to shrink much, it'd be bringing in fresh inexperienced folks to replace PIPed ones. Hardly a recipee for efficiency if they are pushing for reduced Opex.
Also, if there is no PIP protection cycle to cycle, then anybody can be PIPed on a short notice with little or no severance. Why should not the more competent people in the less than 40 y.o. camp jump elsewhere the moment they get a decent outside offer?
It seems the social contract of the prior years is badly broken, so there is zero loyalty given then there is no expectation to be able to retire from Exxon anymore.
Does management expect people to stick around nonetheless because we are Exxon???