Saudi Aramco Layoffs

Topics regarding layoffs at Saudi Aramco

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

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Post ID: @122o8QoI

Aviation

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

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Post ID: @10JnACOr

New round of layoffs

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

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| 2721 views | |
Post ID: @Zvl8uwM

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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| 986 views | |
Post ID: @Zn0YCkl

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?

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Post ID: @YL2iQwK

IT

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

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Post ID: @YGr8dM0

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 

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| 656 views | |
Post ID: @YEr4whB

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 

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| 1357 views | |
Post ID: @YCrvIP7

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 

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| 1836 views | |
Post ID: @Yqx9yV4

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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| 828 views | |
Post ID: @YjSfs0o

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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| 976 views | |
Post ID: @XUv0REA

Any layoffs expected?

What's the situation on layoffs currently? Are we looking at more before next year?

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| 1591 views | |
Post ID: @VUt2pVu

CEO Nasser doesn't know when Saudi Aramco will go public

I’m starting to think the company will never go public, and that all of the announcements were just stunts. Every year they say next year and now even Nasser has no idea of when and if it will happen. Does anyone else think we are not going to see... —  read more 

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| 1782 views | |
Post ID: @VjtpBqk

If you got laid off and found a new Job

How does the overall package at your new employment compare to Saudi Aramco? Benefits? 401K? Medical? Pension? Housing? How do the working conditions compare? Working Hours? Commute? workplace communication? performance reviews? co-workers? career... —  read more 

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| 1819 views | |
Post ID: @UzRKBwl

Aramco post retirement healthcare = $145 per month

https://www.chron.com/neighborhood/memorial/opinion/article/TONI-KING-Aramco-retirees-know-your-Medicare-12875424.php Do any of you Aramcons remember that little email from HR where they said they were making your post retirement health care benefits... —  read more 

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| 2327 views | |
Post ID: @Um5v9rn

CRM

Stop spreading rumors. The layoff CRM request was closed on time and was handled correctly. It was simply rejected over and over while it was bounced from department to department because nobody knew which group was supposed to do the work. So it... —  read more 

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Post ID: @TCwv1E2

We used to be on the same team

I wish we could go back to the way things were. We used to be on the same team. Now it’s nothing but animosity and I don’t see the reason for it. Within aviation, the Saudis are great. Someone mentioned their skills and attitude and I have to agree... —  read more 

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Post ID: @Tzziu6J

Slow trickle of layoffs

A few in layoffs trickling in still, power systems and some finance.... I guess trying not call attention to it. Seems, ARAMCO still not recovering. I am sure someone will debate this with unjustified enthusiasm.

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| 5680 views | |
Post ID: @SRrRT1j

SA Expanding in The USA

Get ready... https://www.reuters.com/article/aramco-usa/saudi-aramco-looking-for-opportunities-to-expand-in-u-s-over-10-years-idUSD5N19L01U —  read more 

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| 6281 views | |
Post ID: @RoEOYou

Incoming layoffs next week

Read in an older thread that hundreds of layoffs will start next week at Saudi Aramco, anybody has any more info on this?

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Post ID: @PWMOePF

We are on a good way to recovery

Uncovering corruption and scandals in Aramco is good for the success of the IPO. The young Crown Prince is a smart man, his move to bring transparency into the oil giant will put so many of the low and mid management staff out of business. However... —  read more 

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Post ID: @PQ7h58n

Life in the camp is more of a prison

Leaving Aramco or getting laid off starting to feel like a relief, after spending years here, you come to realize that life in the camp is more of a prison than it used to be. Aramco security starting to harass residents. Issuing violations like... —  read more 

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| 8269 views | |
Post ID: @PNYOkTX

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