Thread regarding ExxonMobil Corp. layoffs

I have no negative feelings toward my supervisor.

I have no negative feelings toward my supervisor.

I can think of several former managers who would not have termination discussions with their PIP employees, on principle. I guess they thought their ranking that they supported earlier was flawed? All supervisors (except new ones) know bottom 10% is at risk. The supervisors were eventually fired. Managers must do their jobs or get fired. For every supervisor going through this, this will be the toughest part of their job. It has been over 20 years since cutbacks this severe have occurred, many managers and younger executives have never terminated an employee. Over my 40 year career I had to terminate 10 people. It was a terrible day on those days. When I was a second line, I always did the termination with the first line present, because I was responsible for the ranking.

I guess anyone who questions a bad decision made by those in the wrong positions must have a “ bad attitude”

@akm+16mp07Rf
You are exactly what’s wrong with Exxon today. Where did you get your culinary degree?

To the person who posted about bad attitude, wait until you get NSI'd and you'll understand. I used to be a great performer in past ranking and it just so happened that my team was group assessed with scientists. We used to be assessed with AP who normally get the short end of the stick. Now I got the shorter end and HR is just happy to terminate as many US based. Again, wait until it's your turn and you'll understand.

All of the people with bad attitudes on this layoff board should resign and join CVX or RDS or an independent. Problem solved. Your problem is your bad attitude will likely show up in the interview process, so no one will hire you. I support termination of all bad attitudes (poor technical and business judgment and poor interpersonal skills and probably poor teamwork), you are a cancer on the organization. Time to cut out the cancer

Trying hard to defend the lay-off you tried to conceal from investors are we?

Perfect example of the narcissists created in this toxic environment. I’m sure you know every person across the company PIP’d and think your an expert now on how the entire company performs. What a joke. You’ll be back here whining about your lay-off in a few months.

Everyone knows that is a lie boy try to defend your little position somewhere else. You are likely one of the bullies promoted into the mess

Lol. 90%+ of people PIP'd really are poor performers.

@yvp, are you working from your basement? If the ranking system is 70% performance base, no one would cry about it. Come on. You are poisoned by xom

The 92% who survive PIP need to realize that cutting bottom performers will save their future. An old (now retird) XOM Senior VP used to tell his senior managers, "if you can't do the job, I will find someone who can" Management has been instructed to cut costs and capex and it will happen and mangers who do no perform will be cut also.

The only benefit I see to voluntary resignation is an outplacement service that Is not guaranteed to help you get anything better than you can get yourself. The concept of not wanting to say you were fired does not hold much water when anyone can see it’s a layoff.

But we had room to hire several hundred people last year knowing we’ve been cutting people quietly since 2015?

Another one of your bad decisions!

@pdt+16mp07Rf

Corporate Welfare - perfect analogy!

Correct. The company is not a charity. So why continue to to give away money to shareholders in the form of a dividend when there is no excess cash flow to give? I have no problem with a company paying dividends, share buybacks, etc... but only when the company has the profit to give back. If people made a bad investment choice going 100% in XOM then at some point they will have grow up to live with it like an adult. That is the reason any rational investor diversifies. If a company can't perform and turn a profit then there should be nothing in an economically rational world to give away to shareholders. This corporate welfare to shareholders is ridiculous, and shareholders will be even more disappointed in the future when they realize the company gutted it's future self to pay an expensive dividend with cash that did not exist. Good luck XOM investors.

What they did was shameful.. I’m sure the poor earnings will shake things up within. Don’t worry friends, there is nothing left for employees to fight for.. “We were ExxonMobil”

I guess we are on the same track as IBM

https://www.google.com/amp/s/www.silicon.co.uk/e-management/lay-off/ibm-cut-jobs-still-pay-shareholders-345111/amp

There’s also the unnecessary addition of agreeing to never pursue employment with exxonmobil or any of its subsidiaries again if you voluntary resign. What is the purpose in this?

If my manager came to me and said we are sorry we have to lay-off and cannot pay you severance but can offer the two or three months salary offered with PIP or voluntary resignation, I would have understood and signed the paper with no hard feelings. But this process was another bad choice and will probably hurt the company more.

I think anyone here could understand the need for cutting costs or even layoffs. It is the lack of integrity in forced ranking and literally marking your employees when millions are out of work looking for jobs. True leaders would take ownership of the bad choices they made instead of throwing their people under the bus. This is a lay-off - no doubt. To try to conceal that with outright manipulation is a clear lack of integrity and moral value. Surely this is not the example you want to be for the young population that you are supposed to mentor and teach.

I think anyone here could understand the need for cutting costs or even layoffs. It is the lack of integrity in forced ranking and literally marking your employees when millions are out of work looking for jobs. True leaders would take ownership of the bad choices they made instead of throwing their people under the bus. This is a lay-off - no doubt. To try to conceal that with outright manipulation is a clear lack of integrity and moral value. Surely this is not the example you want to be for the young population that you are supposed to mentor and teach.

A true leader forced into this would help their employees win it.

A true leader forced into this would help their employees win it.

Shareholders have taken over a 50% haircut in stock price. Shareholders have been punished enough, so the dividend must be maintained. XOM has decided not to leverage any further, so cash flow must be balanced with capex and opex cuts. The employees terminated are not bad people. They are simply lower performers RELATIVE to others. The company is not a charity. It cannot employ more people than it needs. CVX and RDS are cutting even deeper than XOM. And those layoffs are also brutal. Every layoff (6 times) I have been involved with over last 40 decades was brutal. Competitor studies will likely show that XOM must make more cuts in 2021. Additionally, Employees will be "sold off" with Asset sales (like Norway).

Agreed. Same thing applies to Asia. Thankfully there are other sectors we can go to..