I say it'll be 25%.
What do you think and why.
25 replies (most recent on top)
Oh my God, yes ! EMRE has so many layers of supervision, while claiming to be a "flat" organization. It seems that they have all of these supervisory and advisory roles, just to give a selected few somewhere to be promoted to. Honestly, a couple of years ago, the Head of R&D had 2 direct reports (Head of Lubes Technology and Head of Fuels Technology). The Head of LT had 2 direct reports (Finished Lubes Division Manager and Base Stocks Section Head). The FL Division Manager had 3 direct reports (PVL, CVL and Industrial Section Heads). Of course each Section had its own GTS (or TSL) and its own Advisory Staff (now DTL). I think we also had a couple of Chiefs. Fuels probably suffered from something similar. Top heavy ? No - not us !
EMRE is too bloated. All those EMRE positions mentioned will be gone by end of year.
Chiefs make much more than 300k ... I figure it’s north of 450k ... anyone here knows more? That’s a lot of money for setting vision .......
What do chiefs put on their eads document? What about gts? How does the company justify chiefs salaries - at least 300k per head? And then go after admins at 50k per head?
Technical ladder - Is it true that DTL is more powerful than GL, and GTS than DH? Also how many minority GTS does the company have?
@2sab+17lNr9CB, great point! The technical ladder in EMRE was a good idea in theory - give technical people a place to excel on their own merits without competing with management track on bee ess and PowerPoint engineering.
What happened is that the technical people remained subjugate, and the presrigious positions were instead filled by management ladder rejects clogging the pipeline (for example some fpo chiefs), or management ladder rejects from other business lines like emcc (for example some fpo chiefs). Motivation for true technical people evaporated instead.
This goes to show that if the culture is corrupt, the company cannot win.
Same thing as DHs, nothing but providing a "vision". They are essentially useless in providing real value. Hopefully HW3 will realize this and get rid of that role.
Can some one tell me what the chiefs do in EMRE ? The technical ladder is so bogus. Also rans from other xom companies get pushed onto this ladder.
EMRE has so many DHs, GLs, DTLs, GTS, Advisors. What value are they adding to the business? Would save tremendous amount if gone
There is a lot of waste in Houston with people who do not contribute to the business. We have entire departments that are feel good waste of money. We are in the position we are because of mis management of the company. Dump some top level and bring in some who care more about making money than politically correct BS. We could also cut every single top and middle management bonus and stock options to zero. Those kind of bonuses are for management who grow the company and keep it profitable, obviously they have failed so they should not be rewarded for incompetence.
Below numbers are # being let go / Headcount in June 2020
Here is Europe's numbers by the way:
Fuels: 327 / 1224
Lubes: 236 / 852
EMRE: 74 / 255
Chemicals: 337 / 3180
Upstream: 177 / 795
Global Projects: 138 / 250
EMIT: 169 / 232
Staff Functions: 238 / 2300
Total: 1696 / 9088
I suspect they will cut the benefits first.. and then.. have the severance.. every dollar counts now to pay dividends (and needy shareholders like D.W.)
During a layoff even, are we expected to do a handover? Imagine all the mess!
ORL, I hope you are right and the company does actually come clean in round 2 and declare a layoff with a proper severance payment.
@1ttz+17lNr9CB - We need to wait until 11/1 to see how many PIPs actually make it. That is the end date of the PIPs. This is a workforce reduction activity and 8-10% of the workforce was given the PIP option. There is no way 25-50% of that total will survive the PIP resulting in only 5-6% separations. These decisions will be made above the immediate supervisor level and consistent with the intent of the activity (it’s not to encourage performance improvement...it’s to go through the motions for optics and then separate). Any PIP survivors will likely be selected for the next round of cuts. The good news for anybody who survives the PIP is that the Company may actually come clean in round 2 and declare a layoff with a proper severance payment.
I think your right about 25%. Don’t forget that’s close to the voluntarily reduction done in Australia.
However I think the PIP’s are closer to 5-6% of the total. I know of three supervisors supporting their PIP’s. The reset had taken the PIL option.
So 19-20% from campus will be let go.
40% cuts for F&L... any rumors on whether that would be more weighted towards the Fuels or the Lubricants? Fuels is struggling right now for obvious reasons, but Lubes has been printing money.
Remember, the 8-10% NSI group is being whacked now. If 25% is the total U. S. target, then 15-17% in the next round will go. That means all NIs and about one quarter of the “Goods.” The remaining Goods will then have to slide down to fill the void in the NSI and NI categories next year.
I wonder if they will go heavily after the 50+ age group for the layoffs. That would be age discrimination but don’t think XOM cares.
Depends how we calculate. In US almost all contractors were gone in March, so say 10%, 8% was PIPout in August, so total 18%. I think they will cut now 25%, so we will be close to 50%...Dont blame execs...no work for us what else to do. Need to change strategy no more loyalty, pension, etc. fire and hire, but be ready to pay well (100% business).
Considering EMIT is one of the few organizations that's outsourced a large % of it's workforce to non-US countries high %'s won't mean a lot of personnel. Business org's will likely have the greater impact
I agree for an average that 25% seems about right, but it’s going to be heavily weighted towards some groups vs others. I’ve heard F&L likely to see 40%. EMIT guaranteed to be high as well, possibly 50% or even more.
Co-sign 25%
25 percent feels OK. I think Europe was in a 20% range, and I feel we'll go higher.