For expats, the major (steady) flow of expat layoffs are continuing with a vengeance. Very secretive, but quietly apparent. I just got it, but I’m not alone. I wish the survivors well. It was good while it lasted.
Topics regarding layoffs at Saudi Aramco
Who all is affected. Company is firing expats again. They are trying to hide it by releasing fewer at a time. But my sources say more are planned and management doesn’t want a repeat of the fuss with the previous round.
I am exposed to incredible micromanagement. Although I have been in this business for a very long time and I think I have a lot of experience, I am micromanaged to the maximum. This creates huge stress for me, and as a result, negatively impacts my... — read more
Trust takes a long time and effort to develop, but only a single event to eliminate it completely... I used to trust the management of this company a lot more, but lately I trust this management less and less... There were several situations where... — read more
In 2020, Congress passed the CARES Act allowing Americans effected by the pandemic to borrow $100K against their own 401K. Aramco declined to participate – screwing the thousands of Americans they laid off in June 2020 through year–end. In 2021... — read more
It is obvious that they want to hide the fact that slow layoffs are happening. I continuously hear that some people or some groups have been laid off. There doesn't seem to be much logic in targeting those who are no longer needed here. Or is... — read more
I hope that the rumors that there will be big layoffs in June are not true, but I am definitely looking for a new job. Is there any more detail on how big these layoffs could be and who the target will be? Who is most at risk? There isn’t much time... — read more
This is a time to hide raw colored eggs (soon to be boiled) in the hot sand for an Easter Egg Hunt. Do not think about layoffs, as you can peel and eat the eggs on your trip out the company doors.
I’m surprised no one has commented that profits are declining but not the dividend. Any thoughts? I am curious whether there will be a change to the dividend policy in the future.
So the cats out of the bag. Dividend remains untouched yet those at the coal face are punished with a p1$$ poor SAIP factor then? Can see where the company’s values are then, and it’s not with respecting and rewarding the hard working... — read more
I was laid off on 6/31, and still looking for a new job. I did not start looking for a job until three months ago. Considering very good Aramco compensation, and very stressful job there, this is the best thing could happen to me. Doing the job that... — read more
It’s coming. Another unrelenting round of 1st and 2nd quarter expat layoffs. Happy Valentines Day, but we don’t love you as much as you imagined. Expats are a group in the epitomizes the term “ legend in your own mind.” We don’t need or want you... — read more
Early retirement sounds better and better every time I think about it. As I consider early retirement, I would like to know whether you think is a good idea or not and what I need to pay attention to in order to make a more informed decision. Does... — read more
It’s coming when you least expect or deserve it. Buckle your seat belts.
When are these 2021 layoffs happening then?
I left Aramco more than a year and a half ago and just now they are chasing after me for $712.40 due to what they say is their mistake and it appears to be medical insurance related but there are no other details. Not sure if it’s a scam… so if you... — read more
These whistleblowers believe a company squeezed by an oil crash that has upended the entire industry — and under pressure to accelerate Crown Prince Mohammed bin Salman’s plans for the “Saudisation” of the kingdom’s workforce — has taken to pushing... — read more
Expats with a “E” or less PMP category rating to be laid off during January 2021. Senior Management Directive.
While some advocate a complete transition to clean energy sources, some are concerned that there is not enough oil to meet all our needs by 2050 and that more should be invested in oil exploration programs: The scope of exploration will have to... — read more
It’s a time to be jolly and enjoy the holidays. Don’t think about company cutbacks. Enjoy yourselves.
Any news regarding Aviation? I keep hearing that they're on the chopping block, and will be privatized soon.
When the company has to go into debt (e.g. bonds) and sell assets (e.g. pipeline) just to make its dividend payment(s); layoffs and cuts to benefits are coming in a big way. Hang into your hats, as the US expats are on a high speed exodus out the... — read more
In a desperate move to pay a dividend on it’s stock, Aramco is turning to bonds to help fund a $75 billion dividend. Exxon is also struggling to make good with their stock dividend, but will eliminate company-matching fund payments to employees on... — read more
HOUSTON (Reuters) - Citgo Petroleum Corp stopped contributions to employee 401(k) retirement plans on Nov. 1 and plans to reduce salaries on Jan. 1 to cope with the effects of the coronavirus pandemic, sources familiar with the moves said. In a... — read more
*Please don’t give people false hope. The Company generally follows pay and staffing levels from other large oil & gas firms (e.g. Exxon, Shell, BP, etc.). Exxon recently announced a 15% reduction plan, with 1,900 coming from one location in Houston... — read more
It’s starting to happen now. Locals are being offered early retirement and expats are just being released with the standard benefit. Thousands will be let go across several large organizations. These releases will occur in a weekly, steady stream up... — read more
There's been enough rumors to make me worry. If the answer is yes, any ideas on what's going to be hit?
Executive high management can add 800 to the recommended cuts list by eliminating the worthless Research departments. Particularly that one on Dhahran road. Nice building. Start with computational fluid dynamics personnel. Give me a break like the... — read more
Hello all, i heard that IT teams of SABIC will be laid off and merged with ARAMCO soon on october as part of cost cutting. Does anyone have more info?
Current staff can expect a large 20% release of staff by year-end.
Apple has surpassed Saudi Aramco to become the world’s most-valuable, publicly traded company. Pompous Management at Saudi Aramco cannot figure out why their IPO is such a disaster.
Let us know if a second round is coming.
People being bitter about Aramco cutting 5% of expat workforce. So what, the company had to do what the company had to do, low oil prices and a global economic depression. Chevron has been doing this for 30 years. Aramco resorted to this only a... — read more
What’s happening with the IPO and SAIP with all these reductions in expat workforce going on? Are these two offerings still ongoing? Are people buying this stock? Are employees still receiving SAIP payments each March?
Source Below... DUBAI (Reuters) - Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil prices hurt revenues, a finance ministry report published on Tuesday showed. FILE PHOTO: A Saudi... — read more
Hello everyone. In case you need options for flight out, Lufthansa has announced more flights for August. These are on Aug 2, 9, 16, 23, 30. Book direct with the airline. I took this option early July. Very easy. Taxi direct to RYD airport. Journey... — read more