ExxonMobil announced today that it will cut 5-10% of professional headcount annually over the next 3 years. Most reductions will occur at US headquarters and will be 'performance' based.
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That’s Darren’s middle finger to the general workers. Wait till they announce his compensation. And can someone let me know what’s his achievements this year - other than the crappiest shareholder returns and also losing board seats. Oh, one board member just sat in the seat for less than half a year. What’s this? A temp/special assignment?!
Let’s see how many management updates and coffee chats will occur after this announcement. Managers have now lost all credibility after not stating the staff reduction goals during this last round.
If your going to make these type of statements offer some packages or something. I didn’t think morale could get any lower.
Wow! I don't work for Exxon, but it is clear that they will be targeting older employees for sure. And not even offering severance is a A move for sure.
Who can tolerate this every year for the next five years.
They’re telling you loud and clear to get the #%# out and you have no future here, I will listen this time.
If I had to guess, a pi---d off supervisor who is probably on their way out leaked this from the all-day meeting
401k Will never come back… y’all stop dreaming.
At the end of the day: project leads, supervisors, managers, VP’s will never be PIP’ed or NSI’ed…. Only people like me and/or you will be f…
It’s all about a-s kiss the next 5 years I guess.
I guess that’s what the all day meeting today was for.
DW gets the PIP this year
if this isn't the motivation you need to start interviewing and GTFO then I don't know what to tell you
Does anyone give a sh-t about working here now? I might just slack off for a year and get paid before getting pip'd next cycle. Free year of pay not bad. Maybe you might even make it to two years...
Come on man, the Value Added Chain Strategy and the Lean Into Strategy will save the day. Oh wait, we are now onto the Woods Net Worth Strategy. So many strategies I forgot. New jets and net worth of 100 million by YE21. Save yourself from being PIPED and join the rainbow 🌈 warriors club now.
So much for that transparency they promised us after the 401k freeze leaked to the media before the employees were told. Great job!
Told you so.
But remember, “being PIP’d is to your benefit, and has a high passing rate!” according to HR.
What a load of bull.
https://www.bnnbloomberg.ca/exxon-prepares-to-cull-u-s-white-collar-ranks-by-as-much-as-10-1.1619899
Reported by Bloomberg (paywall), but here is the same article posted on Bloomberg's Canadian partner. I like the comment "The cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs"; so be happy... No Layoffs!
Where is the link to the announcement???