Transition will be easier!!
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Clown VVV
No...You'll see, if you belive otherwise.
Fixing someone else's work is still work, that's what the writer's guild is wanting in their contracts pertaining to AI. If you get an AI to write something, still gonna have to edit & trim it and those people are gonna have to be part of the union and if there's less writers needed in the industry the union will make sure it's very expensive, so might as well get real writers from the beginning
@1uxs+1nM0wsug I hope you actually get these opportunities butvthe reality is it may only be long enough to show it to your replacement in India
@aedd+1nM0wsug You defined it very accurately! One thing you didn't mention and may not know is what it feels like to walk onto that campus everyday. It feels like walking onto a battlefield! Everyone is pitted directly and blatantly against each other trying to survive and keep their livelihood. At any given second most are painfully aware their position is being moved to India while being told to train them to be your replacement. All while you constantly have to correct their inept, incorrect work which no one is allowed to say out loud how it is in reality costing the company more money because of this rework. The long term cost will not pan out for Exxonmobil because of the quality of the work but they have done their risk analysis and are 100% okay with betraying Americans and taking away future opportunities fir your children or grandchildren. To the American economy in the future. I guess as long as a SCAB country does well and are cheap that is the only driver! Best wishes! XOM Sad and disgusted almost replaced employee!
While I think the CEO is trash, even bigger of a heap is the CFO. He single handedly led the company to bankruptcy and is being rewarded with a parachute worth tens of millions of dollars. And to boot he’s got the personality of a fly.
The head of HR isn’t too far behind, what other company could she find employment at? She’s fit only to do taxes at H&R Block.
While our rat of a CEO is emphasizing all the “opportunities for us employees”. Such a POS…
Well, Exxon is currently outsourcing as much of their Houston campus jobs as possible to India and other cheap countries. Currently they have close to 100 new jobs listed in India that include geology, engineering. operations etc. There are only random jobs like social media director available or oh my a secret service type security person for executives. They want to do away with jobs in "high cost counties like USA and Europe" (Look up HC10). It's horrible....and yes the only exploration IS for a hot desk!!!
The deal is at a set % of whatever Exxon's does (84%). That's the only upside to having an all-stock deal and not cash, so if Exxon keeps going up with oil the deal gets sweeter too. $4.9b was the price at the date of announcement but if XOM is $140 at the date of closing it's as if DEN is $117.60, right?
Don't be delusional. The stock is mostly institutionally owned. The deal is going through.
If oil prices keep rising along with Denbury stock price this deal may fail because we aren’t getting a premium on our stock price anymore. A smart voter would vote NO just for that fact.
Sure thing Chris.
Take anything you hear right now with a grain of salt, realizing that a person who does know what the plan might be is subject to non-disclosure and cannot say anything.
They’ll likely drag their feet for two years to encourage us to jump ship on our own without any severance. Just my 2 cents. I can see where certain personnel are desired like pipeline and supply folks, EOR engineers, and all of the CCUS group. I can also see there being no need for those in support depts like accounting, HR, HSE, Land and others. I see them keeping the Ops structure untouched for a while with the exception of those covering conventional fields, which I believe they’ll divest quickly. Outside of Ops, I can’t see where there’s a pathway to retain any more than 10-15% of current staff.
Right, they were too cheap to give us the FRENCH TOAST on Monday!
Blueberries will be back on the menu at the new campus :)
XTO acquisition was 13 years ago? I’d be surprised if more than 15% of Denbury’s current G&G staff from 2012 are still around too.
Very little positive. Out of original ~100 geological staff at XTO less than 15 remain at XOM.
The only exploring you’ll get to do at Exxon is exploring for todays new hot desk
One example: if you are a geologist, you will get the opportunity to do actual exploration. . . . something you'd never get at Denbury.
Another example: if you are a geophysicist, you will get the opportunity to see data with amazing quality from offshore, and to see sub-salt seismic . . . something you'd never get at Denbury.
I think so. But hard to say for sure until details are released.