I’m hearing 13% in Houston and Texas plants
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If you are ranked NI you will not receive a raise.
After the layoff of 2011, EM management said never again would they staff up employees. Peaks in workload will be managed with contract staff.
2018 staffed up with employees again. Complete disregard of Lesson Learned. 2020 had big layoff.
Those executives that disregarded the Lesson Learned likely given a bonus for the staffing up effort then given another bonus for meeting layoff targets.
Lots of Executives need to be PIPd instead of rewarded.
@vrdj+1riAP0My indeed they have. Let the corpses pile up in Spring and Clinton.
The hunger games has begun!
Anyone heard anything else yet?
Is NI just as bad as NSI for your career?
The difference between PIP and Promotion is who your Sponsor is….
Same knowledge, same contribution
Official communications to managers should be coming out in the next week or 2. In the US is going to be 10-13% depending on location higher at EMHC lowest will be remote locations like midland.
The dirty secret that no one is talking about is that PIPS will continue as long as I am CEO.
Pds season is among us. Good luck to the players.
It’s definitely coming, look at all the reorgs happening. Hunger games are upon us people.
I heard from a reliable source the second lines are getting some and it’s about time. The employees feedback will be used to cut them.
We acheived the 80k target in 2007.
Our target in 2020-2025 is to transfer work from HC10 sites such as Singapore, Brussels, Machlin, and Houston to lower-cost countries in Malaysia and India. Even Shanghai is becoming a high-cost operational center.
Year Regular Employees At End of Year
1999 123,000
2000 99,600
2001 97,900
2002 92,500
2003 88,300
2004 85,900
2005 83,700
2006 82,100
2007 80,800
2008 79,900
2009 80,700
2010 83,600
2011 82,100
2012 76,900
2013 75,000
2014 75,300
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 63,000
2022 62,300
2023 61,500
When Exxon and Mobil merged, E had 80k employees and M had roughly 40k. The “long term” (4-5 yrs out) post merger target was for the new organization to have 80k employees, a level that was maintained until about 2016-18 or thereabouts. That’s effectively chopping the entire heritage Mobil workforce, or 1/3 of the pre merger headcount. It would not surprise me if the NSI/PIP targets are brutal for the next few years until they hit their new headcount number.
High as not as many people quitting in 2023 as company planned for and buying other companies and merging requires cut in workforce to make sense financially. Add in all the asset sales happening and view is we are over staffed and overpaying workforce. Plan for small raises again.
So, what is going to happen to the workers at the Texas plants? And, how will the work load be handled?
Do not put your heads in the sands, it’s going to be just as bad this year.
Actually heard the same except that it will be higher than 2019-2021 levels and this round will not include involuntary redundancy packages. This is driven by the pioneer and denbury deals, botched business plans in 2023 and the potential reduction in government credits for carbon capture. Just look at the recent pull back on the “blue” hydrogen project in Baytown.
We are still not out of the “woods” as long as DW is still around
I heard it was higher.
What I hear is that there are people who make $hit up just to stir the pot since they get their jollies out of making people afraid.
If 13% of the workforce really needs to be in a PIP EM must really su-k at hiring.