Laid off hundreds of expats, no flights out of the Kingdom, inept Personnel Department want us to pay for and book flights from hubs out of country but won’t confirm company flights to the hubs! Expect us to empty company houses, turn in... — read more
Topics regarding layoffs at Saudi Aramco
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
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
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
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
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
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?
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?
Instead of letting people go, the Company should consider canceling the IKTA Initiative in PSCM because it has no concrete accomplishments, even after years of efforts and millions of dollars spent. PowerPoint presentations and awards to undeserving... — read more
Anybody know if anything new is happening with aviation? Privatization? I heard their manager resigned.
No capital funding for any projects that are required. Layoffs happening, many staff are over worked and management doesn't seem to care. Long term employees are quitting. Worst management this place has ever seen. — read more
Aramco could layoff the entire PMOD and the company would not have lost any contribution to the bottom line except costs saved. PMOD is a worthless organization.
And so it begins. 20 odd expats today. Slow drip till the end of the year.
What happens to your pet? Are they being allowed to travel in cargo? Able to leave Saudi?
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
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
What happened with 'freedom of speech'?
Metrics, in comparison with competitors and the local Saudi Market, suggest a reduction of about 20k in workforce, with it being phased in over the year due to logistical pressure. Advice - look after yourself and your family by planning for an... — read more
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
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
I'm a former Aramcon. Left under my own decision a few years ago, so my situation not the same as those who are being laid off now. Here's my thoughts about how to get through this transition. Print out your job service letter. Go to JAHA... — read more
https://www.bloomberg.com/news/articles/2020-06-18/saudi-aramco-slashes-hundreds-of-jobs-after-slump-in-oil-prices Saudi Aramco Slashes Hundreds of Jobs After Slump in Oil Prices JAVIER BLAS JUNE 18, 2020 Saudi Aramco, the world’s... — read more
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?
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
Corporate Affairs and HR layoffs started yesterday.
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.
You are not stuck here with me....I am stuck here with you.
The bun fight has started! The USA pulling two Patriot Missile Batteries from KSA.
Is there a hiring freeze right now?
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
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
Hello looking to find out if any one heard that for 2019 no extensions will be given to any expats even if E+. heard from a few in DHA
Just came across this article and I have to say that I agree with the author. The Sabic acquisition was the main point of the plan to go public and the fact that Saudi Aramco is considering alternative sources of financing this deal gives us proof... — read more
Rumors of new round of layoffs coming between now and July. Any idea which departments?
How did the exit interview go?
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?