There's been enough rumors to make me worry. If the answer is yes, any ideas on what's going to be hit?
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Aramco is doing a lot better than the c-ap oil companies out there and has hardly laid off any numbers that would be considered significant. The company has always taken care of its local employees and expats.
Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people, along with oil majors Chevron Corp and Royal Dutch Shell Plc .
All told, more than 400,000 oil and gas sector jobs have been cut this year, with about half of those in the United States, where several big exploration companies and most large oil service companies are headquartered.
Exxon, Chevron Corp, Australia's Woodside Petroleum Ltd and Canada's Cenovus Energy Inc all announced plans in recent weeks to cut staff.
Chevron plans to eliminate roughly 25% of the staff acquired with Noble Energy, which it acquired this month. Shell said its oil output likely peaked last year, and it plans to cut roughly 10% of its workforce. Cenovus said it will cut 25% after it buys rival Husky Energy Inc.
In Australia, more than 2,000 oil industry jobs have been cut since March, including at Exxon and Chevron. Top independent gas producer Woodside said earlier this month that it would cut around 8% of its workforce.
What are you complaining about?
Hello dumbo... It's over???? Really????? I've been bringing in more than that for years and will continue to do so for years to come (don't let jealously k–l you) while you're making SAR 16K and driving a car worth 5 times your annual salary. Management does not trust mo–ns like yourself who spend more money on a car while living in a rental sh–ty apartment off-camp.
Your heart might skip a beat if I told you how much I am worth while you're making crumbs.
It's over, nobody can help you anymore. Expats are way too expensive, some with half milion USD a year (overtime, shift premium, SAIP, retirement, plane tickets, business class, cash in lieu). It's all over no more hope. They will make us all redundant.
Best thing that happened to me was being let go in June. What Aramco needs to do is clean the inept multi-layers of Saudi management that add no value but they won’t. On to better things.
When the golf course goes it will be an event that expensive expats are no affordable or welcome. Having worked there for decades (since retired), it was noticed that housing was being built for single status personnel near some cricket fields. They also built some beautiful large homes, 220/240V that favored non-US appliances. It was clear that they were trying to wean themselves off the US standards. US expats are very expensive. All this does not bode well for a shrinking group of expats from the States. How many people are playing softball or little league baseball? The answer is — much less.
Wade. Stupid post. Aramco is doing fine thank you. As are the thousands of expats here.
This site is censored. My comments were erased.
The best thing about working at Aramco is that it has completely disassociated my self worth from my career development.
Is there round two layoffs as was previously predicted. Everyone is wondering
How goes the sh1tsh0w, know as Aramco. Expats still getting wacked?
This is not true. Look at the jobs at Aramco site. Aramco has only one position open for a Sr Research Consultant that requires a MSc. (PhD preferred) in engine science. Aramco is not hiring expats. This can easily be checked at Jobs at Aramco site.
Aramco is hiring expats again no reason to panic. It’s a great company regardless of what the ones who were let go say.
How many layoffs from IT so far I’m hearing a good number is being laid off
A 2000+ Expat release is on the very low side of what needs to go. A lot of the expats in the office have liberal arts bachelor degrees unrelated to the technical requirements of a fully-integrated oil company. Such non-STEM skilled expats need to be weeded out; as they can only add office politics and no value. Such expats are holding hold the company back by preserving the past.
I think number 2000+ is too high for the company to layoff. I heard they are giving packages to nationals as well. I’m guessing their overall target is the 2000+
It is hoped the number of expats leaving is kept to a minimum in order to prevent a sudden massive loss of talent and knowledge.
The loss of such expats will lead to a severe risk of major accident and collapse of the company due to the ineptitude of the indigenous population.
It is hoped that the number of expats to be canned this month does not exceed 2,000+. Their careers will never recover. When they do get a new job, they will be amongst the ranks of the millions in the US that are permanently under-employed working at Wal-Mart.
It’s happening now.
The party 🎊 is over. The end is near. It will all be over soon. Last call before you get that sobering experience of rejection. Your career is over.
More like round 20, as the RIFs have been going on since late 2015. Yes, a large round of quiet reductions are currently going on. Do not talk about the releases of expats in the workplace or at social events (if any are actually going on). Make sure that your family does not post anything on social media, unless you have been recently been laid off. Good luck and it is hoped that you all make it.
Has round two layoffs started
Takes a humble person to accept his family members are incompetent and incapable. Pride comes before capability in the Gulf family.
Really there is no solution, stand back and watch it slowly crumble over time as the family implodes
Nitiqat. Saudization on massive scale is the movement since Saudi Leadership and Management has been trying to compete with other countries and failure since 2014. Saudi Arabia drove down oil prices then replace expats with Saudis by force of the royal family and government agencies. When one shoots oneself in the foot there is no alternative except to fall down.
The company has been laying expats off for several years now, long before the pandemic. The difference now is that the releases are much larger and are expected to grow dramatically. Technology has passed the company and the industry up, with the low-level, dated job-skills of the expensive current expat base being incapable of contributing to the bottom line. In other words, the expats only incur costs and no longer contribute to the future prosperity of the company. They must go.
Fear and panic are symptoms of the core problem that expats now face: real job losses with no end in sight; divorces caused by job losses; families facing desperate financial situations and even homelessness created by job losses; along with a strong sense of hopelessness rooted in a career that never existed in the first place. Expats are definitely on borrowed time in the Kingdom.
Who is spreading fear and panic. Questions seek truth, something that is feared only in places like Saudi.
The insults towards the people who served this company have gotten old and have gotten tiresome. The only fear we see on these threads is the fear that ranking and laying off by passport color might earn a well-deserved mark to the company image. It is not after all “Aramco expats” only who comment about the lack of energy they encounter in every aspect of dealing with saudi workers or saudi people. Everyone, globally and worldwide who has the misfortune to depend on one to do a task is doomed to disappointment.
Expats have not taken or spent or misallocated a dime of Aramco’s money. If there are decades of failure then the saudi leadership themselves failed this company. If there is a cash problem then that cash was raided by Saudis themselves, not expats. You are fooling yourselves blaming people you brought to work there for the decisions you chose to make or not make. How foolish is it to fail to act on anything then blame others for your failures?
No change, nonsense. Every company goes through ups and downs and whenever there is a downturn, companies revisit the workforce and attempt to optimize it. Trying to stay lean. This is similar to what happened recently in many industries. Can you imagine how bad the situation is for cruise lines, hotel chains, tourism-oriented industries, airlines. NO, the end is not coming, the apocalypse is not here. A few hundred laid off expats is not the end of humanity. Can you imagine what people were saying during the 1973 crisis, '79, 80s, Iran-Iraq War, Gulf War, 2001, 2008 financial crisis, I could list a dozen of these.
It's all good over here. Workforce optimization (layoffs) is an exercise that many companies go through every single year. We have been lucky that this company does it and keeps it to a minimum once every 5 years or so. If fear and panic is what you're after, you have failed. This virus has impacted the entire globe and once this disease is under control, we are back to the good old times.
Expats hired in the last ten years should not expect to have a career at the company. Over the years, people said that the company had changed, when it actually did not. This time around, the company is changing to the point that the expat population will be greatly reduced or even eliminated. If you are an expat that is still hanging on, save all the money you can; with plans to retire from another, Stateside firm.
Problem here is, expats do provide what you refer to, then the local “management” (I use that term loosely of course as I’m sure they couldn’t run a Bath never mind a business!) get their hands on it, try to pass it off as their own work and, when it comes time to implement it, fail, miserably.
Getting rid of the expats won’t solve the problem, it will only accelerate the demise of the company.
That said, the latter is no bad thing really, Apple have already overtaken them, won’t be long before many many others follow....
It’s going to be a direct hit aimed at highly-paid expats in the office and at the lower-paid plant levels. Expats in the office have been promising change for decades, but never deliver anything implementable that provides actual change for the better. If the expats only provide job-justification initiatives that don’t produce, then they can be expected to go.
I too used to worry, but you will not get any information that is 100% credible. A “trusted best source” can give you some insight, but don’t get caught talking about the situation at work or a party. During times like these, take short vacations and do not trust fellow expats.
And what are the expected numbers?