"Exxon had around 72,000 regular employees as of end-2020. It last year disclosed plans to reduce its global workforce by 14,000 by the end of 2021. "
Question is: did we meet the number yet? (58,000 employees)
13 replies (most recent on top)
Meeting the number is not the end of reductions.
After attain correct number then fire North Americans and Europeans and hire more BTC. Number remains constant but we still are targets.
@1tdc+1f5KwNFi Perhaps that varies massively depending on location and function. We're taking on lots of contractors to back fill the attrition.
The number is ~50k.
That’s what has been deemed as a nimble, agile, and top heavy organization.
“Some are ExxonMobil”
When Chevron buys us, won’t need to worry about it, they’ll hack us a lot more and CVX stock will fly.
Numbers will never be met. This is too much fun. It will continue even if we have to hire massively and then re-educate and eject them through our magnificent PIP. Now we can even set aside a few billions to spend on this game.
Open up the global address book in Outlook and check the total # of items in the lower left-hand corner of the contacts in Outlook. That will give you and approximate # of total employees (note that the # of items will also include contractor email addresses which are few and far between these days).
It's about 63,000.
I'm going out a limb by saying that EOY 2021 headcount will be ~60K +/- 5K. Yet, the real story will be the change of geographical distribution.
It's a matter of balance.
We've lost about 20K superior employees since mid-20.
And gained about 5K irregular employees.
All good.
The 14000 number included contractors + REGULAR EMPLOYEES...over 7000 contractors were cut as projects and drilling were reduced...I expect headcount to be around 66,000 to 68,000 REGULAR employees when report comes out. Note; the latest restructuring will not cause involuntary layoffs but there will be workforce reduction from on-going attrition, PIP, and the biggest impact will be asset sales.
The 14000 number included contractors + REGULAR EMPLOYEES...over 7000 contractors were cut as projects and drilling were reduced...I expect headcount to be around 66,000 to 68,000 REGULAR employees when report comes out. Note; the latest restructuring will not cause involuntary layoffs but there will be workforce reduction from on-going attrition, PIP, and the biggest impact will be asset sales.
Number will be met as soon as they get you.
Official headcount will not be reported until the Annual Report is published in May 2021. We stated to Wall Street in June 2021 that we would reduce headcount by 14,000 compared to 2019 headcount.
Staff reductions and asset sales are expected to continue through 2023 based on this morning's 4Q2021 earnings call.
Year Regular Employees
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 to be published in May 2022
2022 tbd
2023 tbd