Thread regarding Saudi Aramco layoffs

Saudi Arabia is living off its long term investment in natural resources and distributing the proceeds to the benefit of its people. Like all investors we have hired help that we hire and fire as needed. It works.

There are 13 million employed people in saudi arabia.

Only 3 million are saudi.

That means 17 million non-working saudis are living off the labor of 10 million non-saudis.

You are a nation of beggars.

One hard, fixed rule about beggars: they always feel entitled to their handouts and they never, ever show gratitude or say thank you.

The beggars in Saudi are mainly foreigners or drug addicts. So the drug addicts aspect has a lot in common with the USA, but differs in that in the US it’s nationals who panhandle, solicit and beg but in Saudi it’s foreigners. Maybe because in the US, so many get laid off which is why this site is mainly about US companies.

The alaskans get paid what american expats in saudi get paid.

They dont lay around and nibble on the dropped crumbs like saudis do.

They do all the work. So they get both.

In saudi the non-saudis get the bank and the saudis get the crumbs.

If alaska had neiggborhoods full of squatting beggers, you would be like alaska. They do not, so you are not. Nice try though!

No different to Alaska, Saudis get their cut from the oil revenue...it’s more like a trust fund.

I don’t really follow it to closely because it just makes me feel bad. I always wonder how Congress people and Senators are always so rich while I am not. But. As smart as they seem to be, they are not. A crowned prince can spend a billion (with a B) on a picture and a boat and only after a year in office. His salary dwarfs the US government. I wonder what his gross is after taxes. Okay maybe he mortgaged the boat.

Pretty stupid when 80% of saudis are on welfare and 80% of private sector jobs in saudi are held by non-saudis. Who's depending on who again?

What a retard.

That was one of the most profoundly idiotic come backs I've read yet...The Saudi trying to bash America about welfare but lives in a country that as a whole is literally a welfare state and even takes tax revenues to put into family accounts so that they can keep up with the new tax roll outs.

Saudi guy....please stop trying to compare your country with others. You've offered this world nothing but extremism and hate. Now that the money is drying up, you're scrambling to remain relevant. Oil is becoming a dinosaur in the advent of renewables, and again you're playing catchup despite having sat on a gold mine in which your "planning" should've been taking place you rested on your laurels instead.

Make no mistake...you have what's coming to you.

Irony: A saudi taking about welfare in a country with ten million families collecting subsidies from expats. That's just too funny.

Didn’t the pot just call the kettle black?

The US is in a mess, even the US president said so. He is trying to fix it, but the sense of entitlement is so strong in the US that trying to get Americans off welfare is difficult. That's why the US needs immigrants to do the work, pay taxes and support a nation of debtors. Sad.

Only sign of NEOM I see are the contracts for the most critical infrastructure. New palaces. Just what Saudi Arabia needs. Contracts awarded to former guests of the Ritz. Crime pays if you fund terrorism and your name is Bin Laden.

As to crude and currencies? Hussein the headless horseman tried that. The only thing he's selling right now is self-lighting charcoal.

Arms? Buy french ones. They're brand new, never taken out of the box or used. LOL

Actually the robots are a problem in and of themselves. If precedent is followed, they will all get citizenship and qualify for the same subsidies as everyone else creating even more drain.

You’re right, it really doesn’t mean all that much. However, what should have you worried is that the future leader of your country doesn’t seem to mind to waste all that money on such meaningless materialistic items.

You’re in the midst of a recession in case you’ve forgotten. Also, as the other mentioned your country is borrowing money now. No worries though, a city called “NEOM” ran by robots will be able to set you back on the right path.

Please let’s try to keep this in perspective. Those two purchases only amount to about two days of production. Nothing really if you think about it.

At least Trump didn't spend $500 million for a $300 million yacht or $450 million for a painting of Jesus that may or may not be fake.

That's money straight from Aramco's bottom line.

My early prediction is coming true. US Shale oil profitable at low commodity prices with new projects continuing to receive financing. Immense pressure placed on SA and OPEC as production in US continues to grow aggressively. Now US exporting more than 1 million bpd with total production surpassing SA. Large conventional oil projects should be uber profitable at $65/bbl Brent. Shows how inefficient Aramco is compared to other producers as SA continues to struggle with deficits and continues to borrow. This will negatively impact the IPO. Can't wait to see the IPO prospectus metrics..they won't look good. I see a major overhaul in the works shortly after the IPO. R&D poof..gone, IT poof contracted out, specialist engineering positions, poof gone..GE/Baker, HES and SLB have this staff. Go back and look at what happened in the Exxon's, Chevrons and Texacos in the 1980s when extra costs were shed. This is also Aramco's future post the IPO.

You should do that. So we can lift some sanctions, buy tickets, and safely watch the show via satellite.

There are any number of ways to rebalance the oil markets. All of them benefit our own oil industries. So yeah, it's a great idea. Start the game.

I read glowing reviews in Glassdoor too. The english on those glowing reviews is always a tiny bit off. A company who has to post wonderful reviews of themselves on Glassdoor to keep their ratings up is even more pathetic than a company who has to assign a lying sht like you to their layoff site.

It's so obvious that even some of the Glassdoor reviews point it out.

Maybe they didn’t qualify for medical coverage? News flash, the growing trend is to utilize expats until year nine then terminate them in order to not have to pay for that medical coverage. Which is something they use in the beginning to lure you to come to this sh--hole country in the first place.

Your country has to offer us four times what you (a local) make for good reason. However, as crazy as it sounds to you money isn’t everything and the U.S. has plenty of jobs, but more importantly a MUCH higher of quality of life despite a negligible decrease in total compensation.

Yes, please do go to China for your weaponry needs. That makes sense.

Anyway, I think you’re confusing your one-dimensional economy with ours. You see, we can do without Saudi Arabia. On the contrary, it’s you that can’t do without us.

Your country is third-world at best.

I read mainly glowing reviews on Glassdoor about Saudi Aramco pay and benefits. There will always be the odd one that is dissatisfied, I just don't understand how if they have so much ability and skills they feel the need to be bitter about their time with Saudi Aramco. Maybe they didn't qualify for the medical coverage back in the US, which I believe is worth a lot, but surely their new US employer will offer them a better deal with fantastic medical coverage and pension. Or maybe not...

Even the unemployed in Saudi have benefits and health coverage and housing. The US cannot say the same. Hydrocarbons are priced in Dollars, maybe they should be priced in Euros and make the Euro the new global currency, or any currency that is backed by gold. How is the national debt? Do you have less or more today?

Irony: A saudi talking talking about creating jobs from the gutter of the 12% unemployment in his incredibly shrinking economy.

Fastest growing economy in the region Is the country you're blockading and that's funny as hell. You really showed them who was boss.

Reminder: You buy arms with dollars you dont print retard. Like we already told you, no matter what you buy or who you buy it from, those dollars always circulate right back.

The French, Chinese and Russians are quite willing to supply all the arms that KSA needs if you ever want to stop taking the money that helps manage your national debt and create jobs.

Man has President jokes and forgets where his country receives its protection from.

Irony.

You're un-funny. SNL is waaaaaay better than you are at making fun of the president. Suggest you steal some of their material.

Are you describing the President of your country? Sad.

Facts? The facts are whatever he wills them to be.

Hard to be objective when you are raised and taught from birth that it is OK to force yourself to the front of a line or force yourself through traffic lanes or force yourself on an unaccompanied woman or force yourself on a helpless maid or force yourself on that butt-bloodied goat he drags from thread to thread.

Do we expect anything different in here?

Confucious say: Never argue with man who can bend truth with his mind

As I said...no facts.

Oh no. Now we are going to argue the difference between turnover and excessive turnover. I have the popcorn in the micro.

LOL

Of course not. No list, no ELP, no classification by nationality, no turnover.

There is no excessive turnover. Where are the facts?

Of course it is. That clearly explains the excessive turnover. Green grass in reverse? LOL

It is indeed utopia if you compare to the comments from those with IOCs on this same website...

Well if you go look at the corporate hierarchy on the website and drill really far down, there are indeed expats in "unplaced" positions. They are in highly specialized jobs such as international currency exchange. Things that you can't learn in petroleum engineering school. I was in a field review one time and the VP was late. One of the managers asked if everyone knew what the most important job at Aramco was. Another manager replied it was to hire as many of your relatives as possible. Nobody laughed. They just nodded.

"Our latest wave of new hires loves it here"

Yeah. Its a fckn utopia. Utopias by nature always need waves and waves of new people who love it to replace people who must not be there anymore because they loved it.

LOL...........

Only one talking about being a manager is you.

After spending weeks demonstrating the typical attitude and hostility towards non-saudis that was referenced in the "fair warning" post maybe that management thing was a redirect. If so, it was a lame one.

It is a true idiot who gloats "no wonder you're not with aramco" in the same breath as "just read your HR online page and look at our management roster" as if both were possible.

First they are wrong on visas, then wrong again about Management being purely Saudis and now continue to redirect. No wonder these guys are no longer with Saudi Aramco. They are error-prone. The latest hired expats love it here.