Thread regarding ExxonMobil Corp. layoffs

CEOs in cost cutting mode everywhere

Clearly CEOs just copy each other. Across all industries cost cutting is the fad. What is driving this? Higher interest rates? Fear of recession? Seems Elon Musk is the only CEO who believes in growing his business.

https://www.theverge.com/2024/1/17/24042417/google-layoffs-2024-internal-employee-memo-sundar-pichai

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Post ID: @OP+1qDK9o8I

6 replies (most recent on top)

Why don't Mr. Musk go ahead and get some loans to buy EM to make you happy, OP? He's buying texas right and right.
write him a letter.

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Post ID: @2xdi+1qDK9o8I

Clinton has entered the chat 08801 , way past its expiration date .

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Post ID: @1nap+1qDK9o8I

@sdt+1qDK9o8I Is onto something. Consultants just changing the company name and reselling the same strategy to multiple CEOs

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Post ID: @1yhy+1qDK9o8I

Cut Cost You Must.

~BTC Yoda

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Post ID: @rrf+1qDK9o8I

Wish EM was like Alphabet and just announce job cuts. Instead we just get vague “structural cost reductions.”

It would be much better if management would just get rid of those they don’t want here.

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Post ID: @xym+1qDK9o8I

The same consulting firms producing the same “strategic studies” and selling them to Executives who have no clue on how to manage their business. If McKinsey / BCG / Deloitte / Bain, you name it say this is the way to go, then they can't be wrong...

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Post ID: @sdt+1qDK9o8I

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