Can we get layoffs back, please? I'd prefer to be laid off and get a severance package then be put on PIP and then kicked to the curb with nothing to show for it. It would be one thing if PIPs were reserved for those who really need to improve, but since that's no longer true, I honestly believe that layoffs are a better option for employees.
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It would be great if dept of labor stepped in and freaking fined exxonmobil millions of dollars for using pip as a layoff tool or better yet made exxonmobil go back and pay every pip or pil employee 1 year salary min.
Raymond DID NOT receive a severance package. He received the normal retirement benefits any executive would get upon retirement (but it is a lot of money because he makes so much more than other executives). A similar policy applied to Garvin, Rawl, and Tillerson. Rmeber that Stock options ended in 1999, and shifted to RSU grants. The top executives have very long vesting periods (10 years after retirement, so they cannot cash out their RSU upon retirement). The same policy applies to YOU once you get to executive level and get the supplemental pension.
This statement is 100% factual. It is also the reason that I will leave this once great organization…
“The new hires are being deceived with fake promises of meaningful careers, grandiose claims of advanced technology and innovation, and fake claims of energy transition strategies.”
Agree with OP.
The problem with the current system is not only for those who are pushed out, but also for those who are brought in.
The new hires are being deceived with fake promises of meaningful careers, grandiose claims of advanced technology and innovation, and fake claims of energy transition strategies.
These young professionals that join in 2022 are the PIPs and resignations of 2024.
A system with an honest way out (layoffs) wouldn't work without an honest way in.
I wonder how the PIP equivalent and the downturn layoffs were handled in Rawls or Raymond's time? 1986, 2000?
Lee Raymond got an estimated $81 million severance package to leave. Hypocritical.
In the words of Lee Raymond, a former CEO.
"WE DO NOT PAY PEOPLE TO LEAVE THIS CORPORATION"
Everyone that has the power to convert our policy from a PIP/PIL/NSI to a LAYOFF was mentored by Lee Raymond and his direct reports.
I also don't think it's going to happen, but, I wholeheartedly agree with OPs sentiment. The Company has saved enough pushing around people with the phony PIP layoff. At least change the policy to go back to normal layoffs and severance packages and preserve some dignity. Why won't they do it? Because following normal layoff protocols means they need to offer packages to a wider group and there may be regretted losses. This strong-arm PIP method allows them to assasinate anyone they choose.
Wish upon a star and your dreams will come true.
You might as well be talking to the wind.