Thread regarding ExxonMobil Corp. layoffs

401k match to be reinstated July 1st

A reliable source told me the company is planing to reinstate 401K match on July 1st. Anyone else hear similar information.

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Post ID: @OP+1aTMNwM2

12 replies (most recent on top)

There is not going to be any reinstatement of benefits/increments in 2022, possibly into 2023. Not unless 1) Attrition is through the roof, it is still within range now 2) Debt is paid down significantly.

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Post ID: @2yjd+1aTMNwM2

No reason to restore match until the next round of pip is complete this fall.

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Post ID: @2ana+1aTMNwM2

You got to wonder if the pension and health care is going to be grandfathered in for 45 and older. Is that why younger than 45 years old management recently quit?

This would not be a good move. I think a lot of middle career people are still here for the pension and health care after retirement.

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Post ID: @1per+1aTMNwM2

While I do remember the 401K match being mentioned during my hiring, I don't know that it meant much at the time. I was going to be part of the most important company in the world.
All of that is under the bridge.
Which I've spotted a very nice spot on I-10 between here and Lake Charles.
Fishing is good!

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Post ID: @1ewi+1aTMNwM2

Lmao, some people just want to believe.
Prosperity gospel and koolaid

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Post ID: @1zop+1aTMNwM2

This person has no understanding of the company. Best bet is 2022Q2 or Q3. If this happens more layoffs

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Post ID: @1hyk+1aTMNwM2

July 1st is the date when the PIP is announced and the Pension and retiree heath is grandfathered for those 45 and older. 401k match is not even on Irving's radar only there RSUs are, their salary treatment and their bonuses.

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Post ID: @1iyo+1aTMNwM2

If your source really was reliable, you wouldn't be posting the question here hoping to get confirmation.

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Post ID: @ssg+1aTMNwM2

No, it’s not. It’s not even in 2022 Plan

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Post ID: @izr+1aTMNwM2

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