Saudi Aramco Layoffs

Topics regarding layoffs at Saudi Aramco

Saudi Aramco 2020 Vision Becomes Hallucination

What happened to the Company’s 2020 Vision? Did it turn into just another fad that the firm was chasing? What happened to the Operational Excellence Program? What happened to the IKTVA, in-Kingdom Total Value Added, program?

Excellent Expat Workforce Being Released

The current batch of US Expats being laid off are of very high caliber in terms of education, experience and work ethic. Having survived several large layoffs, the group being let go are people that simply the victim of circumstances within the... —  read more 

International Flights Out of Saudi Arabia

For the several hundred expats who lost their jobs, were you folks able to get flights out of Saudi Arabia? Did you encounter problems with getting your final exit visa and getting a flight out?

It's not just the oil slump

This is one of the reasons for the layoffs as well. They need the money to finance this, and they'll get it any way they can. Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about $10 billion to help... —  read more 

Huge salary or monthly compensation payment?

Huge salary? Hardly! It’s more like a mediocre salary with extras to compensate for the mental trauma and psychological damages done by working here. Do you think the monthly pay statement is known amongst expats as “the monthly apology” for a... —  read more 

vixioua

Being laid off is never fun or an easy pill to swallow. It’s especially difficult considering the current employment conditions most people will be returning to in their home countries. Not counting the additional stress of uprooting the entire... —  read more 

It's pretty clear what happened here

Expats who have been with the company the longest have the highest pay. If the company needs to save money, it will ALWAYS first cut those who cost the most. It's the logical move to make. There is no conspiracy theory or anything like that, it's... —  read more 

Well said!

Layoffs sometimes are a necessity and Saudi Aramco has been a great employer that sometimes we forget that it might go through rough times and downsizing becomes inevitable. The portion of the layoffs is much less than the majority of the companies... —  read more 

Harsh Layoffs

There are many reasons for the lay off going around... I think the way it is being done, during the pandemic is very harsh..people are stuck here, have not seen their families for months, and have been loyal to the company for many years. To... —  read more 

600 Cut - IPD, COD, fpD, audit

The number is around 600 between now and end of month. Today they hit IPD, COD, fpD, audit... This was the first batch. If you are working from home and receive a meeting request in the office then that’s probably it.

Pre IPO House Cleaning

What do you think about this idea? Cutting a bit here, a bit there. Focus on contractors. It'd improve the overall cost profile and help with the IPO

Aviation

Anybody know if anything new is happening with aviation? Privatization? I heard their manager resigned.

New round of layoffs

Rumors of new round of layoffs coming between now and July. Any idea which departments?

Looking for work before or after aramco

Hello looking to find out if when you found out that you were not going to be extended. Did you send out resumes while working at Aramco or just wait until returning to the states and after a month or two look for another job?

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Global Payroll Severance Buyout?

I heard a rumor that Aramco will be terminating the severance pay that we are supposed to get. Everybody would get paid out for existing service, but nothing would be offered from that time forward. Any truth?

IT

Does anyone have any idea what will happen to expats IT in the next few months/years? Lots of rumors about complete saudization.

Slump in Aramco bonds

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-04-18/hype-meets-reality-as-aramco-bonds-drop-after-unprecedented-sale Investors are already dumping Aramco’s bonds If only we had gotten the opportunity to short that IPO.... —  read more 

My area is really going to $h^t

Hi Everyone, I figure that if I can't transfer, its time to go. However, there is another area under a completely different Senior VP who wants me. Conditions there seem more sane. Other people from my department have had their transfers blocked. HR... —  read more 

Lay offs in lieu of IPO?

A lot of rumors going around again in light of the Sabic deal recently. I work in Aviation and have been dealing with privatization rumors for two years now. The impact it's had on me and my family has been quite stressful to say the least. Unlike... —  read more 

What happens to Chemicals now that we own SABIC?

Aramco has long struggled with downstream, period. Chemicals in particular. Just look at SADARA. SABIC might not be all that, but its pretty safe to say that they have done better than Aramco. It would make sense to let the SABIC folks run the whole... —  read more 

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Aramco US saving plan 50% savings

just looking to find out if others have made the mistake of having too much being taken out of their paycheck for the US 401K plan only to learn the sup. saving plan is taxed at 38%. A fellow co. worker did this and after 23 years of saving found out... —  read more 

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