are being rolled out to targeted areas (e.g. India, etc.) where EM has determined employees are a flight risk.
For us US employees, it's something important to note. All of the lip service from management concerning attrition... is just lip service at the lower-than-Dallas levels. In reality, with a crew in Dallas that is hesitant to take risks or invest, new board members to work with, a priority of debt payoff over increasing earnings potential, there is NO incentive (or plan) to do anything other than shrink the US work force. We are being replaced, and everyone that quits is just part of the higher-attrition plan that Dallas has created to slowly replace the Houston workforce with lower cost resources.
What does this mean? The same cost cutting, loss of expat and other benefits, minimal employee investment, aggressive MLRPs, etc. are the path forward. If you're sitting around believing your local VP's song and dance about 'an Exxon career', just realize that is designed to keep you to stay under ever worsening conditions. For all the stress last year was, do you really want to sit around under those same conditions for the next decade?!
In reality, there are other industries that are hiring Exxon engineers (hit me up if you need my linked-in page screenshot) and their pay IS competitive. This is a game changer from before, where you could only really bounce to other O&G. For relatively the same pay, you can go work for an employer that has flexible WFH policies, is growing their business, has no secret agenda to reduce their US work force, has non-draconian workplace policies... AND, doesn't have a standard policy of "smoke and mirrors" for employee policies (the winner this year has been that the change to vacation carryover was for EMPLOYEE benefit! I mean, there were more significant ones, but the fact someone had the gall to email that out... damn, impressive).
I'm NRE, and will gladly ride out the wave. But, all of you new-hire to mid-careers, take an old-man's advice... the longer you stay on a sinking boat, the more of a pain it is to get off.