Thread regarding ExxonMobil Corp. layoffs

More re-orgs in 4Q2021?

Can someone help provide reliable insights on the upcoming re-orgs in major US-based organizations (UIS, Chemical, EMRE, EMIT etc.)? Structural changes aside, what scale of movement (out-sourcing, relocation, layoff, etc) are we talking about?

With the insane 2020 and 2021, my family is really looking forward to some level of stability while looking for opportunities elsewhere. Appreciate some genuine insights.

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Post ID: @OP+1cXRREyZ

13 replies (most recent on top)

@2zsv - if the past is our guide, it’s not the people making stupid comments that will be NSI’d. They’re probably HiPo’s. It the smart people who will be leaving, voluntarily or not.

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Post ID: @8vdk+1cXRREyZ

Reading how nonsensical some of these proposals are is why I’m glad PIP % is where it is and should stay there for a few years. Let’s cut the stupidity.

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Post ID: @2zsv+1cXRREyZ

What's going to happen to useless EM Upstream Research CO.? They do nothing and spend lis of money.

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Post ID: @2icx+1cXRREyZ

GVS is the model. Eventually (after a few years that is when the current ones will retire from the new position that will be invented) we will save one president position and a few VPs. A few million per year.
In the mean time, we will generate work for all the useless advisors to prepare powerpoints to show who talks to whom, to be scrapped after a month of the new org. However, managers will be happy going to important meetings for alignment (I.e. finding the words that are vague enough for everybody to give their own interpretation). The good news? People will be free to work without the usual dozen chiefs on top of them! Ah, I forgot, we will also provide work to the BCG and McKiney of the world, a good thing for the economy.

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Post ID: @1fwm+1cXRREyZ

Massive layoffs in middle mgmt before December. Don’t need as many now that too many worker bees are gone. Some positions will be outsourced such as maintenance planners, HR, Safety, reliability, and accounting. EMRE will be moved to operating units or laid off, still EMRE, just in the plants while supporting that plant and others. EMIT is gone, applications severely reduced and contracted. Turnaround groups will be laid off and outsourced to India. Any jobs that aren’t directly involved with day to day operations or maintenance will be eliminated or contracted on an as-needed basis. Only jobs that meet short term needs will stay, don’t need people who are looking more than 6 months ahead. With all the reductions, don’t need middle mgmt. Those remaining will be able to get more done since they won’t be slowed down by middle mgmt.

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Post ID: @1qhh+1cXRREyZ

@1iyg+1cXRREyZ even if layoffs will occur it will occur with #s right below the state reporting threshold so nothing will become public but you will start seeing people you have known will disappear one by one.

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Post ID: @1xse+1cXRREyZ

Game of Music Chairs.

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Post ID: @1gmj+1cXRREyZ

Sc--w Annandale aka Clinton NJ. Each and everyone of them including those who moved to Houston for different assignments

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Post ID: @1hhb+1cXRREyZ

Re org is coming Q4 early Q 1… w2022.
Lay offs will happen between these dates
Merger as soon EM is small enough.

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Post ID: @1iyg+1cXRREyZ

Family first in these days at EM.

  • Chemicals will be sold off in '22. It's big and bold - lots of cash out there.
  • Downstream will retain a few parts - Consumer Lubes e.g. - but also chunked off here and there at a loss.
  • Chevron vision of full horizontal production facilities in one location - Fuels/Lubes/Chem/etc. - not for EM. Never even a thought in there minds. All co-location in the past - Baytown / BR - just tax write-offs, no Science or Business. Call it coincidence.
  • Shell just dumped their US shale and was the right thing to do. EM not that smart.
  • EMRE was also for tax write-offs - R&D and spoofs of carbon capture. Gone. Maybe EM can keep TAMU engineering departments funded for a few more years, but it ain't going to be 'in-house'.
  • EMIT. Heh-heh-heh. Really?

What will be left?
Some show-biz exploration - but mostly crude contract trading and dividends.
End-runny kind of stuff.

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Post ID: @sbk+1cXRREyZ

Keep an eye on Annandale.

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Post ID: @zuw+1cXRREyZ

EMIT is being re-orged to india

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Post ID: @tcy+1cXRREyZ

We are merging with Chevron and BP to remake Standard Oil and retake our rightful place as supreme ruler of the galactic empire

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Post ID: @fuq+1cXRREyZ

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