Thread regarding ExxonMobil Corp. layoffs

Employees down profits up

The comedian Joe Fenti has some great videos on LinkedIn that sound all too familiar. I am laughing as I die inside.

https://www.linkedin.com/posts/joe-fenti-362b232a0_way-to-raise-the-bar-deloitte-nice-activity-7453130676020695040-IzmT


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Many companies have stopped offering relocation packages (just some get it), and instead are shifting toward strategies that reduce labor costs. This includes using current employees to help train AI systems or to transfer knowledge to lower‑cost teams in cheaper locations. Another trend is quietly letting go of higher‑paid employees and reposting the same roles at significantly lower salaries.
Over time, these practices can push experienced workers out of the workforce, only for them to need to return under worse conditions—lower pay, fewer benefits, and reduced stability. These cost‑cutting tactics are becoming increasingly common across large organizations.

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