It’s starting to happen now. Locals are being offered early retirement and expats are just being released with the standard benefit. Thousands will be let go across several large organizations. These releases will occur in a weekly, steady stream up to year-end. Plan on being home for Christmas.
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In Aramco, expats are tolerated at best. If or when the axe falls, you will not see it coming as most people stay in denial until they are informed. Keep on keeping on and stay true to your own mission statement meantime.
Working at Aramco is very good during strong up cycles in the oil & gas industry. When times are good, life is great. When down, it becomes highly political and stressful on the camp. At the moment, there is an economic downturn.
Tell me what it's like at Aramco
I heard a story about one expat (grade 15 I guess) who took part in assessing organizational competencies and identifying people for layoffs. He apparently was well-placed and informed. After his hard work on this he was layed off himself recently!
I am a terrible employee, as I do good work but my attitude has really gone downhill. There is really nothing one can do about the layoffs other than shore up your personal finances and start a new job search every night. Don’t discuss your personal business at work or that of coworkers. Try to exercise and not think about things you have no control over. Oil industry careers are dead, everywhere.
If you don’t get sacked, I can almost guarantee you’ll get whacked by taxes, severance and final payouts won’t be spared I’m sure.
Has the releases started every expat is anxious and frustrated. We hope the company can come out and announce the real picture of what to expect and targeted areas and departments
Oil has now fallen below $35 per barrel. This added pressure, along with Europe’s virus lockdown, is definitely going to hit the Company’s staffing level in a negative way. A return to normal may occur in 2022, but not in time to save the oil industry. Expats will be home soon.
You would be worth c-ap????? Who the hell comes here to continue to work after Aramco. When I am out, I plan on enjoying the bags of cash I am hoarding. I'll be damned if I give another hour of my time to another employer paying me sh*& for a salary, only to see Uncle Sam squeeze 60% of it. People come here to retire early, not to build a career and be worth something.
By the age of 50, every Aramcon expat should be all set to call it quits and those who still want greener pasture must have done an awful job with their finances.
Hi Wile, I have lost 50% of my income exactly, right. But geting on excellent springboard, and ready to jump again once the crisis is over, with great experience and references. If I remained there I would be good for sc-ap, yes with a "lot of money" but realy good for sc-ap on the market. I believe I have done the right thing. Enjoy the sand, heat and locals, and don't forgett to bow first thing in the morning and kiss their scented soles. First and foremost, I belong to myself, period.
Try that name check again. Former BP CEO, current Chairman of Glencore Xstrata.....
Shows how “well placed...” you are when you don’t recognise the name then....... Maybe try looking outside the confines of the walls you live within and realise a real oil world exists outside of your pseudo hedonistic little world (it’s where the real oil world is, one not inflated by spin and down right false claims!).....
In a related story, Chevron’s revenue plummeted 30% due to the pandemic that is severely affecting the oil industry. Mass layoffs are being announced by Stateside oil firms. It would be a pure miracle if the Company does not implement similar plans for its Dhahran headquarters. Don’t count on miracles to save you. Make prudent plans for a downgraded lifestyle in another industry.
You haven't found jack. Either laid off and unemployed or laid off and lost 75% of your pay. Meanwhile, the rest of us got a fat donation yesterday.
No, you are absoutely safe there in Aramco my boy. No worries, nothig bad can happen. Saudis adore you, and would do anything to please you, you are irreplacable. And me, no forget about me, I did not feel good there and have found some new pastures elsewhere.
Please don’t give people false hope. The Company generally follows pay and staffing levels from the other large oil & gas firms (e.g. Exxon, Shell, BP, etc.). Exxon recently announced a 15% reduction plan, with 1,900 coming from one location in Houston. Others in the world have very similar plans that are being implemented. The company is no different, so a 10.5 to 12K cut is not unreasonable and does in fact appear to be possible. Don’t mislead people with false hope. The end really is near.
You heard it here first? That's inaccurate, as people have been hearing the same song and dance for years now.
Things will improve, it's a matter of time - this isn't pretentious hope either, just reality. Maybe you should try that sometime. Also, there's nobody by your name working for the company so that tells me you're either using a fake name, or you're a past employee with an axe to grind. Which is it?
Regardless, talented people from every country has and will always be welcomed at Saudi Aramco period.
Unlike yourself, and your friend's best friend, that has a well placed friend - I'm actually "well placed".
You heard it here first. Take it or leave it, choice is yours.
When it comes from extremely influential and well placed sources (that’s right, more than one, more than two, more than three) then you start to take notice.
Be an ostrich if you like, stick your head in the sand and take the f—ng, or be wise, be proactive and be prepared.
The choice is yours.
I strongly doubt that any of you have firsthand or even secondhand knowledge pertaining to how the company plans to operate tomorrow, let alone the following year.
12,000, really? That's false. Spinning off all of downstream into multiple JVs? Also, false.
Ultimately, there's enough anxiety in this world as it stands now, so not sure why so many of you seem to think it's a good idea to increase it with your gossip and rumors.
Any chance they’ll hit the refineries? The only reason I haven’t quit is I’m hoping for a layoff. I’m done with this place.
To Tony Hayward the 12 thousand is a very big number does it include Saudis who where given packages. Does the company have that many expats??
Wow! I'm lucky to get retired recently with a hefty package. I found a new nice job in one month after. Having Aramco on your resume is still considered a bonus.
12K gone by end of 1st QTR, makes me nauseous. The jobs back home are not good. It is hoped that people will be able to save their marriages and financial lives. Watch all your needy family members abandon you in you time of need. Feelings of anxiousness, embarrassment and abandonment by family mooches will leave us overwhelmed.
Hearing strong indications of 12,000 (that’s right 12 THOUSAND!) to be gone by the end of Q1 2021....
Speculation is that this may include spinning off major parts (if not all) of downstream into Joint Ventures...
Time to batten down the hatches and get set for a new adventure!
With oil at $35.84 per barrel and the pandemic surging again, it will take a miracle to save people from the massive release of employment at the company. The employees are literally sinking in numbers.
Don’t pack yet, but sell things that you no longer need and prepare yourself financially for the impact on your family. Brace yourself emotionally as you may never find a job that pays this well again.
How many will be let go this time. Which department/ business line Shall we start packing
It is over, they will replace us all. Nobody can help you anymore.
The end is near. It will all be over soon. Prepare for the worst and hope for some luck. The pandemic has made a bad situation very dire.
Please don’t spread rumors and try to terrify expats