Ex-experienced hire here. I took PIL last year when the first wave of high target MLRP hit. I always did pretty well before that in terms of ranking.
I transitioned over to chemicals which is night and day compared to what XOM became in 2020.
Just curious if all this is exclusive to XOM or if other O&G employees are experiencing similar situations.
I know I can check the boards, and I have, but they don't seem to have suffered nearly as much as XOM employees.
One major difference no one has mentioned. The other Majors all came out and called their displacement of employees what it was, a layoff, and offered them decent packages for their service. And didn’t tell the lie that they were being put out for poor performance, instead admitting business decisions, or in EM’s case, poor management decisions was the cause. 3 weeks pay per year of service at Shell, a month per year at BP, Chevron, similar. EM’s says, you suck, here’s 3 months if you’ll walk to the gate with me right now, never mind your 25 years of service to the company. Also, Shell’s “Reshape” allowed internal candidates to apply for other jobs, saving some employees that were simply victims of job elimination or a bad boss, EM, you were just screwed, no court of appeals.
By the way when I was PIPed at 50 there was not a choice between PIP or PIL. You either did it or you were fired . Of course I did it , because of the 3 months .
I was PIPed at 50 while working for a different O&G for 30 years. When I had my closing PIP meeting there was no going over how I did or did not meet expectations. It was just a this is your last day working here .Bottom line is I had reached the age that it was time for me to leave and my current Supervisor did not like me .
I can’t speak for all O&G company’s , but most use PIP for getting an employee out to door and a CYA for the company.
This type of treatment is common for large companies . It’s sad , but it’s true.
Former Anadarko here, Oxy effed two companies at once and it’s still a S—- show two years later.
@OP Yes, the entire industry is a mess, and almost every peer company is pursuing some version of the strategy that EM is currently using.
Chevron, Shell, Oxy, BP; you can run the entire list. All (including EM) borrowed the strategy from GE, which should give everyone a good idea about where executives are taking the industry.
Shell employee here. Definitely a cluster with us. We have dealt with nothing but constant change over the last couple of years along with the company continually selling off assets. Morale is at an all time low (literally hired psychiatrist Skype sessions for us). Employees have been less motivated to do work. Our only saving grace is they didn’t cut 401K. Engineers are quitting left and right, our structure is flattening due to portfolio shrinking and we are getting sued by a Dutch court.
I’ve read the boards at other majors, and overall I feel they’re similar with some different spins depending on which topics they’re more cynical about. The smaller operators have less activity but were clearly in really bad situations - you can read the news on how bad some of them have been hit over the last few years. The XOM board here is special because of the high (and global) participation, especially from the IT function that has been hit particularly hard.