Thread regarding ExxonMobil Corp. layoffs

Right there with you, the past 15yrs started slowly to deteriorate with management & arrogance then more rapidly became destructive. So very sad, I have enjoyed my almost 30yrs with EM. Trying to contribute and put in my time while awaiting my birthday to take me over the line and retire much earlier than I ever expected. I too need to find an environment that is non-toxic and not blind to its people. Good luck to all.

It wasn't a "rant". It's a statement of an alternative perception. You reached for the brass ring and caught a slightly tarnished one while many others had their horses kicked out from under them. There were 100 people waiting to board the plane, but just before boarding it was swapped out for a smaller one. You're complaining your seat on the ride home was a bit less comfortable to the 30 that were kicked off the flight entirely and have to find a new ride home. Be grateful you made it home.

@1ejt+1h6PCRrj
Take it easy with your “pension gold” rant. Retiring at will, usually 62 to 65, was part and parcel of the deal when people retiring now started. If you were doing technical work, you would accept to actually do the work but be treated like dirt in the ranking, see your salary not increasing in your last decade, all in exchange for normal retirement.
Yes, today the company is breaking all its promises so things will continuously get worse, but your rant misses the point. It’s not about chasing “pension gold”, it’s about getting what you signed up for.

@OP+1h6PCRrj
“I made the decision to retire early”

I feel exactly the same way.

No one should work for an evil company. It only breeds evil mentality.

It's hard to feel sorry for anyone that got to retire but "had to retire" earlier than expected. There are lots of us that can no longer even thinking retirement is still achievable with this company. Count your blessings. Don't fret over a few lost pennies while counting your pension gold.

You were a dead weight and you know it. Do not pretend that your experience is valued, it is dated at best!

Happy retirement!

They did not eliminate the product discount for retirees. At least in the US.

“I made the decision to retire early”

Good.

I retired at 65 after 36 years. As an engineer, I worked in over 20 countries executing complex projects on a rotational schedule. It was exciting and I was well rewarded. Yes, it was competitive and sometimes political but I learned to work the EM system to my advantage , in part, by keeping my operational skills sharp and current. I was never in management and never wanted to be. I was in demand among the various drill teams for my ability to get the work done. I was requested to stay longer but it was time to retire. Now every day is a weekend, for the rest of my life. Ha!

EM does not love you beyond the bottom line. Get out if you are non core.

BTW- they eliminated fuel discounts for retirees. Better off with Costco gas paid with Costco Visa for an additional 4% cash back

It has become a commodity company.
And employees are simply commodities now.
Although, at 30 years, you are and will continue to be an expensive old pork belly.

Take every advantage of those that took advantage of you lately.
Once retired, eliminate as much as possible any association with EM benefits.

• Lump sum - despite the current rate - is more reliable than the 'pension'.
• Medical coverage might be something to retain, even into Medicare time.
• Rollover EM-associated funds (e.g. Lump) into a respectable IRA. Not EM VOYA.
• Certainly transfer all XOM stock you might have stocked up to general Funds. It's kind of a bump-stock right now anyway. Reflective of it's exploitative and poisonous nature.
• Gas-card ain't a bad deal for the moment.
• Once your generally EM-free, please feel free to voice your true opinion about what the whole world knows. ExxonMobil is a parasitic cancer on the world.

Agree. I was planning on working until 60, but instead will be retiring the first day possible (on the last day of the month before I turn 55). Adios.

Absolutely correct. I also chose to retire early, after slightly less than 30 years. This company was never a bed of roses, but it used to be reasonably functional. Good quality, hard work used to get you somewhere because the management, while gorging themselves on rewards, also knew that somebody has to do the work. Today the management has gone completely off the rails and believes that only “high potential” people (in other words, themselves) represent any value. A related development is the rise of the “technical” management, sponsored parasites that never do real work and who reserve themselves high skills grades because they already occupy the “leadership” positions. This Titanic is sinking without any hope; just watch for the next downturn.