What have you all heard or seen?
What I’ve heard from planning contacts:
What have you seen?
Global projects have no projects anyway…the hopper is empty
@1tdy+1uZiQN3J maybe true until the HC10 employees are called in to get the projects back on track once the low cost teams put them into burning dumpster fire mode. Have you worked with these high value low cost centers? They aren’t up to the challenge.
IT moving quickly to outsource full teams. By 2030 will only have about 1/3 of today’s employee count
Is the corporation starting to realize culture matters to achieve results in GP?
Will we abandon LCS like others are doing?
This -
https://www.fxstreet.com/news/crude-oil-nosedives-after-iea-says-oversupply-still-continues-202410151130
If you think this year was bad in Exxon...
GP headcount is misleading, massive ramp up in BTC leaving HC10 employees left with no projects to develop or redeployment.
No staffing in higher cost locations. Also, no headcount or new hires in the business centers. All of those positions should be in outsourced organization.
They are holding back on hiring right now. They interviewed a bunch of people for baytown jobs but have not hired yet. Exxon may see a slow down coming. I heard the same about reducing emtec upstream, and product solutions. There are more btc engineers coming to support upstream and downstream. Headcounts will be reduced all around.
Supply Chain is -25% by 2030.
The goal for the company is 50K. Every 5,000 employees cut is $1B in earnings.
The entire company is on a downslope in the US and other high cost locations. For now, it’s a slow ramp down (overall, at Corp level. Some BUs and Central Orgs will be faster, and some slower). There was nothing crazy from a CP outcome perspective. All normal stuff. Flat to down everywhere.
What I have heard, and rumored around my dept is full outsourcing. The outsourcing companies will be our new employers.
I heard GO&S is going up in headcount, the senior citizen in charge needs full time care and so few headcount added for that
Full BU deployments don’t make sense for everyone in EMTech. There are plenty of base business support roles where the BUs don’t need 1 FTE. It’s better to share resources. The EMTech model is not 100% bad, it just needs to work better.
EMTEC should cease to exist and all personnel should go into business units. If someone is not fit to go into any BU, then there's no value for them to add to.
I would LOVE it if India were somehow sanctioned.
It would be so funny if the USA put sanctions on India for buying Russian crude or supplying war material to Russia.
EM would regret all those eggs in one basket.
Prod Solutions and Upstream on a negative slope for headcount as well.