I still enjoy what I do here. My job pays well, I have highly-coveted flexibility, and I am not overworked so I enjoy an excellent quality of life. My only problems are layoffs and PIPs. That's it. If it wasn't for that, I'd call this my dream job. I know it's not the same for everybody, but bad-mouthing people who want to stay because we gasp actually like it here? That's childish, in my opinion.
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ExxonMobil is a great place to work with great pay, work life balance, lots of time off, great people you can trust, great 401 match, great pension, job security, and doing a great thing for the world providing energy and plastic. If you do not like it simply go somewhere else. We are not stopping you from leaving and will not miss you…go on now, go. The fact that you still work for Exxon is proof that you agree.
@ely+1fqMhf2I The pension is not very valuable when you calculate it out. If you skipped the pension for an extra $15k a year, invested that at 8% (SP500 average after inflation), you’d get 1.7mil so I mean the pension isn’t that glorious when you consider the massive change in yearly pay. I went from 110 to 240. That covers the pension and then some. Also don’t save RSUs, sell them immediately and diversify. There’s no difference in terms of taxes, take the diversification.
@1bhb+1fqMhf2I You didn’t read it right, it said 8-10%. Yes XOM has PIPed longer than AMZN, but the PIP % for AMZN has been that high for much longer than it has been for XOM.
AMZN’s average tenure is short in large part because their massive warehouses. They have plenty of turnover and tons of seasonal workers. The average for AWS is drastically different. Most stay at least 4, then some leave because of the cliff but most stay longer. As for their culture, it’s fine? I mean sure the LPs are a bit annoying at first but you get over it quick. A lot of the people who get PIPed there who are on the tech side are people who got in because they could LC well but couldn’t actually develop. Or become SA/TAM/CSM due to their tech skills but didn’t have the soft skills for the job and should have stuck with back office work. Or because new hires are really just shots in the dark from brand name schools and half of them are still trying to figure out what they want to do and are in the wrong role. I’m not really worried honestly. Worst case, as someone else said, I go job hunting in 3-4 years with Amazon on my resume, which is a he-l of a lot better than XOM in todays world for tech.
@ely+1fqMhf2I - In what world is a CL 26 getting 180k added to their pension yearly. The pension plan is in low yield funds that return like 3-5%. Maybe if someone had $3mil in their pension that’s $150k + the measly salary % they add. Very few people have $3mil in their pension until they’re about to retire (if that). So it’s hard to make that argument because not everyone wants to wait until they’re 65 to make what someone in their late 30s/40s is making.
@ely+1fqMhf2I - Not disagreeing with you but a couple more things to consider:
- If you’ve already been screwed in ranking the likelihood of you reaching CL26 is low anytime soon versus just moving to faang+other tech and getting CL 26 pay with much lower YoE. I’m not at faang but I hit Cl26 pay at 4 YoE, remote.
- Yes other companies have a PIP process similar to EM, but who is going to be more employable? EM’s legacy tech environment where you depend on contractors to get everything done or someone at faang with much more updated tech skills?
@1oxt+1fqMhf2I
Move it to LI, management troll. There everybody thinks the same as here, but few if any dare to say it openly. Or maybe keep it for the next townhall - tells us how the 8% PIP makes us stronger and better.
@1bhb+1fqMhf2I ah so if you've been pipping 8% way before amazon (as you say) annually why is everyone freaking out on this board? OR maybe xom has been a country club for risk adverse people to work till they die with almost no fear of layoffs (unless heaven forbid you make a mistake with your corporate card). Read about amazon culture in the WSJ, what "going on pivot" means, how Bezos upped the attrition rate a year after only 6% "non-regretted attrition", or how the average tenure of an employee is .... 2 years.
Amazon only has 3 rankings, LE (least effective), Highly Effective and top tier... if you get LE you're on your way out. There's no "safe in the middle" or "upper bottom 3rd". But yes, please continue to call things out that you don't understand.
Amazon was popping way before XOM?
You do know that Amazon hasn't been around nearly as long, right?
Manager troll
One more management troll singing the same “let’s be positive” song. If you would be really worried about these little things called layoffs and perpetual layoffs disguised as PIPs you would change your tune. You must be sponsored and outside the reach of these little things. I bet you like your job, because it must be a sinecure.
LOL what's the point of a pension if they're looking to offload most of you before you qualify for most of it...
All of you fellers are trench-diggers in a real world.
Continue convincing yourselves you are in one.
@dpt+1fqMhf2I i'm also in FAANG, before you go off spouting you make double, the value of the pension is worth $1m+ in savings outside of 401k. So yeah your TC might be 330k - 400k, but a CL26 making 180k at XOM is accruing a pension, might as well be worth an additional 180k alone (TL;DR hope you're saving your RSU's). Other than that I agree with your points except for one point and that is:
Politics exist everywhere, Amazon was pip'ing 8-10% long before XOM. Facebook fires you if you don't promote in 2 years, Microsoft is just as political as XOM, etc, etc. Every big company has issues, it's more about what issues bother you the most.
@dpt+1fqMhf2I I would love to talk to you. Any chance you can give some clues who you are so I can find you on LinkedIn?
OP how old are you and how long with the company? You will see over time how people age 50+ who stay technical are treated and change your mind.
And here you are on a Layoff site. HILARIOUS 🤣
See I used to think it was a great place to work. PIP never bothered me because mostly only people who weren’t good were put on it, and layoffs weren’t a thing. I still think those are largely true for most areas of the company. But once I explored other companies (and ultimately now work for a FAANG), I realized I was being severely underpaid and overworked. And not just temporarily, but that this was a trend that already existed for a while and was going to continue. I make over double what I made at XOM, with no on-call and 25+ vacation days with only 3 yoe. In two promotions (which typically is done in 5 years), I’ll be making more than a CL30. And that’s not just FAANG specific, a ton of companies are paying considerably more.
But I will say that at XOM, people are much more like a family. Since people stick around for a while, they take more time to form connections with who they are working with because they like the person, as opposed to other companies where you form connections because you need something from them.
respectfully, I think the “not being overworked” and “flexibility” part of your job is not the typical experience, which is why people are unhappy
Not enough only do good work. You need visibility to other managers who will rank you, although in daily work you dont deal with them so much. Even you do very good job, you will not be graded as excellent and will fall in the middle :p
Sounds like you take pride in your work and feel good about the excellent job you do.
I was like that. Then they decide “excellent work” is not what they want. They want “cheap”