Thread regarding ExxonMobil Corp. layoffs

Find a Sponsor.

If you had a Sponsor, your pay would have gone up much further.

When I hired on in 2009 my starting salary was in the low 100’s and I see new hires with offers lower than I started now.

@1wyq+1hRHjXYs

What would a 12 year, early 30's aged employee be missing out on if they left before hitting 15 years and they weren't planning on sticking around until 55?

EM has not had competitive since 2014. They pay 60th percentile in a beleaguered peer group of companies. You should not expect much…

EM pay is less but the pension helps retain some people. Pension seems a hook keeping 3 profiles a little bit longer.

Newer hires trying to survive for 3 years to retain a bit of pension.

10 year employees hoping to escape NSI to reach 15 years.

15+ year employees hoping to avoid NSI to 52 to become NRE then exit at 55.

Leavers most likely just over 3 years, just over 15 years, and over 55 years.

@1thv Zoom. Same difference.

Point is: most of you do very, very little relative to what you’re actually paid. And yes, this is evident from the hugely inflated résumés I’m getting from Exxon employees. Most of your skills (to the extent that you have them) aren’t transferable outside of O&G, and most of you doing the most complaining are well past you’re working prime. So, calm your egos, cash your paychecks, and enjoy the free ride that you’re getting.

And yes, salary curves have been flat industry-wide for years. Deal with it.

@1vhn+1hRHjXYs
You're clearly a troll or else you'd know that EM doesn't use MS Teams!

Question: why are we downvoting people who point out that salary curves have been flat industry-wide for a long time? Is this some kind of weird petro-masculinity thing?

Many of you seem to want to think that you’re god’s gift to the labor market. That’s not what I see when I’m screening your resumes and deciding who I’m going to interview.

The truth is, most of you do very little relative to what you’re paid. How much do you think sitting in an MS Teams meeting with your camera off for a few hours per day and uploading a PPT to Sharepoint is worth? Probably not the $150k to $200k that you’re getting annually.

*This quarter XOM banked about 4 *Billion into cash on hand (7B --> 11B). *We have 60k global employees, that is *about 60k per employee banked in *one quarter. Lol. That's life!

*6h ago by Anonymous
*3 reactions (+2/-1)
*Post ID: @vej+1hRHjXYs

Real increases < inflation and don’t forget about giving up 401k match because “we’re all in this together”…

50. o.F’n.Lz!

I mean you don’t get a salary treatment until 2 years after ranking usually anyways. Well before the current system

We either rise to be a supervisor (manage MPTs only, NMPT ain’t counted) or gain enough experience to leave. EM will not be a life long career for everyone no more.

Shouldn't you have been marg'd for a couple years and left out of rank? Unless you were an experienced hire...

EM at this point looks like a stepping stone, only, for any engineer, scientist, data doll.
Stepping stone in a muggy fungal marsh, but worth taking a step or two.

Use it that way, and move on once you've gotten some specific hands-on with decent up-to-date tools and processes. Maybe you'll get that in 3-4 years here.
After that, best of luck to you. You'll lose 2 years expertise for every year here.

It's a stepping stone. And only that.
For now.
Tomorrow it's a swamp toad.

@vxx+1hRHjXYs that's partially true, but the other half of the situation is where exxon elects to fall relative to that market curve.

“XOM pay no longer competitive”

Salary curves industry-wide have been flat for years. That’s usually what happens when a sector of the economy stagnates and goes into decline.

You can only imagine how bad it is in Europe. And in the downstream. 😁

This quarter XOM banked about 4 Billion into cash on hand (7B --> 11B). We have 60k global employees, that is about 60k per employee banked in one quarter. Lol. That's life!

Leave