Assessment meetings should be kicking off for most locations in the coming weeks. The mandatory 5% NSI target , as most know, is a sleazy way for the company to further reduce overall headcount. A simple voluntary, compensation package would easily get the headcount numbers where Dallas wants them, of course this would mean management would lose control so don’t look for this to happen.
When you get to work this week, remember that the 5% tribute number has been preordained and it may include you!
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Our time is near, your entire year is about to be summarized in a 2 minute speech by your supervisor.
Good luck to all, we will need it. To the chosen 5%, we raise our glass.
Got tip’d for being PIP’d! Left XOM to for 30% raise +20% STI + 25% LTI and the best part is I won’t be ranked again 👌
Many people pass PIP? Yeah, the ones who don’t have the self-respect and talent to resign. Or the ones who can eek it out until the are in the NRE category.
So why would you spend money on a package with interest rates rising? That part of the equation will work itself out. You my friend have sealed your fate with that type of reasoning. May the odds be in your favor.
Being PIPd doesn’t guarantee you are fired. Many people pass the PIP.
@wpn CL 36 and up cannot be ranked NSI
First of all, if you hadn't heard, Dallas (Irving, actually) is closing shop.
It's Spring now for Senior Executives.
Not like Springtime for H!tler, but Spring, TX.
Voluntary packages and even real layoffs do not eliminate the higher cost older employees. It's that simple.
With Pipping, you can precisely target costs of human resources you don't want.
Similar to Flaring, for those in the Refy.
when will we start seeing managers get pipped for not doing anything tangible? Worthless fvcks
I'm very confident I'm NI at least! Foot off the gas pedal...
I think some first line and middle tier managers are seeing the writing on the wall. Lots of bad behaviors beneath the surface.
Sr executives are encouraged to retire.
With the interest rate, quite certain there will be 20-30% who already filed for retirement but will be considered ‘rankable.’ So the execs will meet their quota, and maintain the ‘voice-candy’ to say they held themselves to the same standards. ….But it is just smart retirement timing, nothing more.
Still, the interest rates are bringing on a very interesting ‘changing of the guards.’ Unfortunately, it is peeling away the top layer…and there are 1-2 layers below who may be worse.
Does 5% include Dallas or are they immune? Have we ever seen a senior executive included in these cuts?