Maybe this thread can steer us Layoffers back on the right track of sharing juicy company rumors we’ve heard. Anyone got anything?
For example:
@clc+1iGvyGOO y'all can't wear jeans and have to work EVERY Friday? Dayum.
I got a 5% in the period 2019-2023.
So, extrapolating, expect 1%.
Also, use the following rule of thumb: when Shell gives 8%, Exxon gives 3%.
Ask your friends at Shell, then multiply their salary increase by 0.375
Anyone have reputable info on raise percentages?
@1jjz+1iGvyGOO with the regulatory mess in Europe we don’t have any buyers
I heard looking to sell all of Europe Downstream.
A lot of credibility to the M&A rumors - look at the career history of the current CFO. She’s a veteran of big corporate M&A deals.
Vastar
The real question is how's CS&I going to change things up for all the corporate functions, GSC..etc
Conoco Phillips
@jzh Merge with who?
Shakeup coming at the Exec ranks... get ready for some moves at the Pres, VP levels.
For those who have heard such merger rumors, can we get a timeline?
I heard we are going to sell all the dishwashers in the coffee areas. The revenue from the sell will fund the salary increase for everyone below CL30.
OP here, this is some serious juice. A lot of things make more sense if M&A is happening.
Latest rumour mill for EMTEC is that they’re working on re-orging into East and West. Anything in the Western Hemisphere will be supported from Spring, anything in the Eastern Hemisphere will be supported by Tech Centers. This will mean Principals and Senior Principals in BTC, not just low-competency level 1/2 work like the lies management has been peddling.
ChevronMobil
@ozi+1iGvyGOO Yeah, no. Nobody wants Occidental (except Warren).
Maybe we can get industry standard severance package if merger with layoff
ExxonMobil acquired by Saudi Aramco?
The rumor refers to a merger, not an acquisition.
Typical ExxonMobil grandiosity complex.
@pac+1iGvyGOO “Purple Monkey Dishwasher” appears to be a riddle, am I correct? … P(?), merge, and divest?
If we buy Chevron, can we wear jeans and rock a 9/80? Godspeed.
@ozi+1iGvyGOO EM would never buy Occidental, let’s be real.
ExxonmobilHess sounds great EMH. Maybe MobilExxonHess or MEH. MEH Oil Company.
EM to buy Occidental
ExxonMobilHess … catchy! I dig it!
She’ll and CVX seem too large to gain approval from regulators.
Hess seems small enough to gain approval and also has significant proven reserves well known to EM.
Purple Monkey Dishwasher.
Merger might explain the hot desking nonsense and moving down to 2 buildings.
As the previous posters alluded to, my guess is CVX. Those roots run very deep.
Buy Hess and regain that 45% share of Guyana that EM sold before drilling first exploration well?
Our Executives talk to Hess daily and this could be a topic that comes up.
Prove me wrong.
Merger with Shell?
A return to Standard Oil perhaps?
Merger with whom…?
Merger rumor is true. Likely will include layoffs. Explains why nothing is being fine to stop the attrition. Well that plus plan to outsource all the jobs.
Business services like controllers will be slashed/migrated/outsourced in the coming CS&I / business redesign coming after Year end next year…
Here's a rumor I heard from more than one source:
They are wrapping up for a merger.
Yes. Headcount reductions, asset disbursements, reorgs, all is part of a master plan in the making: to merge.
If you don’t believe me just look at the org charts and hiring going on in India.
Pages and pages of India Roles right now being sought out. Take a look. There is likely a posting for the job you are doing. Don’t be fooled by the US listings. Many are just dummy placeholders. The India ones are actually hiring while USA is not.
https://jobs.exxonmobil.com/search/?createNewAlert=false&q=&optionsFacetsDD_department=&optionsFacetsDD_shifttype=&optionsFacetsDD_country=&locationsearch=India
Permian cost above field reduction study is happening right now in Houston. Corp is trying to figure out how to send more roles overseas or to Houston. For roles in Permian they want to maximize use of Expats who can then return to their home country and eventually replace those who are supporting from Houston. Uncon employees should be particularly concerned as the question is already being asked if employees can support from Houston why not Bangalore.
Oh goody 🤗. Fortunately, I learned years ago, paid off debt, accrued no more, banked and am now enjoying life and work. It’s doable for anyone, we get the tools handed to us on a silver platter, just a bit of discipline is all. Accordingly, they can lay me off, fire me, or whatever, and it’s all good. Take stock, and take action, you are not a victim unless you alone decide to be.