If the economy turns around, do you anticipate any Exxon Mobil layoffs? Any chatter, news or rumors?
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Just read the LinkedIn postings regarding very good employees that were and will be "early retired" in 2022.
Our headcount should be 50,000 to 53,000 employees by the end of 2022. We were 75,000 employees at the end of 2019.
https://blog.techstaffer.com/exxonmobil-continues-to-deny-using-pip-as-a-layoff
ExxonMobil continues to use PiP to terminate employees. In the words of my supervisor, "Performance has not changed. The bar has been moved. 10% must go each year."
At work accident many years ago resulting in TBI. Now, years later, used as an excuse to push me out the door. Two years short of retirement. The latter seems to be a trend.
All Executives involved in the hiring of massive new employees 2017 to 2019 should be fired in a very public manner due to the massive negative impact to the bottom line and morale.
Instead of firing those Execs, they were awarded RSU’s for creating the staffing plan in 2017 then awarded even more RSU’s for the layoff plan in 2020.
EM sponsor system and executive good plan boy network never admits or corrects when id--t Execs make huge blunders.
At our Investors Day in 1Q2022, we announced another $4 billion in structural efficiencies in 2022 and 2023. We also achieved $5 billion in "structural efficiencies" in 2020-2021.
Year Regular Employees At End of Year
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 63,000 -- achieved $5 billion in structural efficiencies in 2020-2021
2022 tbd
2023 50,000 to 53,000 (estimate) - another $4 billion to be achieved in 2022-2023.
Yes, additional staff reductions will be required in 2022 and 2023 regardless of our 2022 earnings. Dallas told our Investors that "structural efficiencies" was one of our major goals this year.
@sro+1dLr2FWX Same here in Global Projects. Below critical mass so I can see an accelerated progression towards contractor leveraging and hatted contractors
Your are the cr---y EM employee that try to blame somebody else. yes like always.
Downstream F&L and Chemical consolidation.
You heard it from here first.
Wait for it …..
I think upstream is due for a major reorg. Not many assets left with activity seems like logical place to start.
I know in EMIT’s case, they’ve nearly lost their entire new hire class over the last few years, everything that’s happening to me is moving towards a path of full outsourcing. They probably won’t be able to build employee staff even if they wanted to.
The general rumors/ discussions is that we have achieved our goals for non manager staff cuts and natural attrition will continue to right size the work force. There is even some minor concern about being able to attract and retain younger employees. Half the interns for 2022 are turning us down. Unclear whether the bloat in the management and executive ranks will occur in 2022. It will not happen unless the management is ranked as its’ own decision unit. Not holding my breath.
More consolidations and reorganizations are happening next year. There seems to be some management recognition that we went off the rails the last 15 years.
8% PiP offs to meet the financial structural efficiency objectives as presented at the Share Holder meeting for $3 billion savings