Obviously cut education reimbursement over fears employees would retool and jump ship. Do you think it will ever come back? They already reduced the benefit in prior years. You used to be able to go anywhere. Now they added lifetime caps and even yearly caps on spend so you can no longer go to the best schools and programs.
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What a bunch of prima donnas, why is XOM obligated to pay for your college education?
When you work for an industry leader, it is a prerequisite that you already have a very good education from a reputable university, like your competition that interviewed but didn't get the job because XOM chose you!
Not coming back. The education does not add value to this company.
Not coming back
It will return once the balance sheet is rebuilt (after ch 11) in 2030.
Ironic - I went to a prestigious school under the tuition reimbursement program with no intention of leaving for more money (because I liked my job/career). I only started thinking about leaving once they canceled the program without any grandfathering and gave me the options of either not completing the degree (even though I was over halfway through) or paying an additional $40k out of pocket that I didn't plan/budget for.
MBAs are insanely overpriced, and I don't blame EM for eliminating the reimbursement program, but it was a straight up trash move to promise employees they'd reimburse a certain amount and then yank the rug out from under them in the middle of a degree program.
Like 90% of the people at Exxon went to a large state school. I’d imagine there was always resentment towards people who used the education benefits to go to a prestigious school and then left more money. Don’t expect it to come back