I heard that Exxon does not give bonuses, but at a certain CL level, you qualify for RSU. What level is this?
Topics regarding layoffs at Exxon Mobil Corp.
Is it True XOM forces people to retire when they are in their mid-fifties and up? I have been told this by a former XOM employee, there for around 19 years, and forced out in 2015. Is a bad place to work, no one gets along, how true is all of this?... read more
I've heard a lot of negative things about work/life balance at oil and gas companies, but my friend who is co-oping with Exxon right now said that all of her coworkers are working 40 hour weeks as process engineers in downstream. I thought the whole... read more
If you are a technical person (i.e. not in management), do not stay at EM too long. Get your 5-6 years of experience then move on. Once you get into your 40s and are not on the management track, you are toast. Development slows or stops even if you... read more
Do you think there will be Exxon Mobil Layoffs in 2019?
Agile is Fragile, what a glorious stupid move by EMIT?
As a young engineer I took a job at Exxon where they described their forced ranking system as vital to their success. I soon saw that it entrenched the most selfish political types while destroying job satisfaction & teamwork across the company. Much... read more
Retiree medical ends Jan 1 2019. Anyone around after that will retire on their own nickel for healthcare. We are screwed! Is everyone going to retire early? The downside of a medical condition is huge cost and so is private health insurance. What say... read more
Let's summarize recent XOM accomplishmets as captured by their press releases... committing to women's empowerment producing 10kbopd from algae providing earthquake relief to papua new guinea joined the stanford (clean only) energy alliance appointed... read more
Just open the world map and pick terrorist and dictator countries to do business in. Repeat mistakes of the past.
How far is management going to let us drop before we do something to stop the bleeding?
What is all this Permian talk?
As a 20 year employee I have noticed over the years they rank and promote the new hires and then stop growth for most in their mid 40’s. 40 plus get ranked the lowest and it is very humiliating when you are mentoring and training coworkers that are... read more
How about a bit of healthy growth for a change - I do hear that we may have layoffs in Irving.
50% of site engineers to be replaced with offshore call center support in the next few years. So much for an american company hiring americans.
So, the profits go up majorly for Exxon's second quarter, and shares drop because it was still not enough????? Now I am thinking this will be compensated by cutting operating costs, which, as we all know, means layoffs. I hope I am wrong, but I doubt... read more
So all of XTO is moving to Houston. Why do you all not have anything on this forum. Do you not know anything or all you all afraid of not being marketable if you are laid off. You all know there is also going to be a mass layoff at Exxon coming... read more
Technology has changed the oil & gas energy business forever. Will Exxon make the necessary changes required to survive?
We need to dump some of our big capital long term projects soon because it is apparent they may never payout. If we don't make some big adjustments soon I am afraid it might be too late! We need to cut back capital spending more and reduce overhead... read more
Our management thinks we can just keep lumbering along until this change passes. They don't realize that technology has changed our business forever. Economics are different now. If we don't start reducing cost, reducing size of work force, sell... read more
To be phased in in 2018. Fun while it lasted.
Who would have thought the most progressive member of Trump's cabinet would be our CEO. Rec is THE only one who believes in man made climate change.
The new CEO will restructure and cut costs (sell off assets) to improve operating efficiency, cash flow and profitability. Remember cash has dried up with little return and the trend has to change to meet the long term investor needs. Its amazing the... read more
When will things improve, are they, I am still hearing about layoffs in Irving.
Well when do you think management is going to decide we held out as long as we could? Downstream, mid-stream, and chemicals are helping but unable to carry us much longer. I see we are starting to shut down some expensive long term projects that will... read more
Exxon is being very quiet about needed changes while our market cap is down $65 billion in value and cash reserves are depleting rapidly! Finally beginning to see some big expensive long-term projects shut down. They haven't announced a layoff but we... read more
Stock is still dropping and we are not doing anything to change! When will we hit bottom?
What has management done??? Maybe they are the silent majority! It doesn't require a degree in finance to see where this is headed and experts are saying there is no end in sight for the energy market reset. When will management act?
I do hope Exxon employees keep their jobs. However I was visiting friends in Houston last week and we were invited to a party where we met a few Exxon expatriates. Nice people but only bragging about their expat package, unlimited housing allowance ... read more
It seems to be mainly just contractors being let go which doesn't really count as company layoffs. As usual lower performing employees are at risk, like bottom 10 percent, but you have to be pretty bad to be in that category anyway. Also, some older... read more
Hello All - I am researching message boards relating to Exxon layoffs due to the recent O&G downturn. The information is scarce. Would someone be able to help me out by replying with a list of major geographic locations that are affected (a major... read more
I've been watching all your boards for a few months and here are the awards from first to worst (posted on all your boards) from Shell to Exxon to BP to Chevron. 1st Place - Chevron - The "Street Fighters with Big Balls Award" Easy to see why these... read more