I was talking to an active employee who works at the Spring campus last night.
He stated more shake ups coming.
Good luck to everyone.
19 replies (most recent on top)
@@6fep+1hjIfIAk dealing with people like you who have no respect for contributions made by others...yeah life is hard. But I'm sure you are a pleasure to deal with in all aspects of your life, not just here.
Mindless stewardship and procedure following, life must be hard
@hyo+1hjIfIAk Clearly you have no understanding of what the Controllers organization does
Company plan starts now. The workforce numbers will not be known until November. This plan will incorporate the upcoming reorganization (it is minor...and does not affect 95% of the people) and few staff reductions. Most supervisors have already heard the changes coming.
the plan will need to totally recalibrate based on oil prices and refining margins being high and the russia situation. This will affect asset sales schedule. but high prices might encourage management to give good raises/RSU/bonuses to hi performers below CL 30
@jzb+1hjIfIAk forecast of 42k employees by year end 2023-2024 seems very realistic. I predict it is already 55k or lower for year-end 2022 given all the retirements by June 30. Next step will be the outsourcing and support services consolidations. By 2028, if you're not making plastic, pumping hydrogen or living in Guyana, you're not employed by XOM.
@jzb+1hjIfIAk You cannot run the corporation with 42K employees. It is just impossible. It will have to be restructured again to reach that number.
$100+ oil is good for business except EM cannot find any oil outside of Guyana (which was only luck)
Seems like future name of EM will need to be “Guyana Oil and Power”.
Do not need 70,000 people for that.
The entire industry has been in a state perpetual restructuring since at least 2017. There’s nothing revelatory about what was said to you.
If you’re all (y’all?) tired of having fickle executives constantly messing with your lives then your best option is to get out of O&G.
I’ll only believe there will be layoffs when DW sends out an email saying there will be no layoffs (as he did in 2020). Then, I’ll watch as the performance reviews are used to get rid of as many people as he’d like. It’s the EM way under DW - lie about what he plans on doing to surprise us later.
Pointless speculation, but the company's been so cr-p the last 3 years I could believe it
It could happen tonight.
$105/share was looking good back there wasn’t it?
Emtec is safe. Because we have daily people leaving and constant reorgs already
Staff target numbers must be met. 42K.
If controllers actually worked on profitability rather than finding minor policy violations that have no material impact I’d be concerned with their shrinking.
A big draw to XOM was the long game. Less and less opportunity for permanent positions will also drive staff contractors to leave since their main incentive is to get their foot in the door to become an XOM employee. Without the carrot in front of them anymore, why would a contractor choose to stay when their hourly rate stays the same anywhere they go? Once the contractors, that get all the cr-p work that the XOM employees feel they are too good to do, leave, more work will be dumped back onto the XOM employees, which they won't be able to do and therefore they will eventually get PIP'ed out of the company. In the end, everyone loses.
The layoffs were the beginning of the end... it will be a continuously smaller footprint for the Company. Either through outsourcing to external Service Providers (MSPs) or moving jobs to GBCs (business centers). The chances of a long term job in the U.S. are limited. The jobs that may remain will be oversight or could be placed in the hands of staff Contractors. If you are in the Support Services (Controllers, Supply Chain, EMIT, etc), the chances of a long term career are limited. That may be perfectly fine for many people, but living with that uncertainly for the majority of personnel was not the reason for joining the company, so the attrition will be a self-fulfilling cycle.
For the incoming people who see all of this "opportunity", be weary. You could easily be replaced just as the ones before you. Nothing makes you any better than previous hires.
Most pencils come in sharp into the company, only to be dulled down with time, process and development system "wear".
This will be CS&I and will impact the Business services like Controllers, Planning and Internal Audit big time.
It will likely go on indefinitely