Looks like another 11,000 heads are going to have to roll in order to hit the Chairman’s new magic number of 50k. That means 5-7%/year every year through 2027-28.
Pretty soon they’re gonna have to start charging for cube pics!
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Need to save massive $$$ to meet Wall street commitments. Only achieved by spending less, which means reducing expensive heads. Campus may look deflated now, but wait 4 years and a morgue will have more life
Sense there’s been orders issued to advertise all Senior Manager efforts in the social media space.
I’m even seeing this done by respectable leaders who’d never normally stoop to this level.
Changing times.
Maybe the 50k is not a headcount target, but a headcount forecast based on attrition.
People quitting constantly.
Hiring trying to keep up but more than 50% of new hires quit within 5 years.
@2hgy That’s because college grads in the U.S. are going into knowledge-intensive jobs in high-growth firms, often at starting salaries that exceed what the typical senior employee working at an operating company makes with 10+ years of experience.
It probably doesn’t help that Exxon is culturally reactionary and hasn’t followed through on anything new for over a decade. Same story for Chevron and rest of the club.
I wonder what headcount will be in India by then? I am seeing ghost postings in USA and actual hiring in India. Have you seen the US university recruiting targets? They are very very low. They even eliminated most of the schools from even having recruiting teams go to career fairs.
...Those who remain will be rewarded with better pay/benefits and increased job security....
No son, you got it all wrong.
Those who remain will be treated like disposable, commodity labor like anybody else with misserable and diminishing benefits, pay, and job security.
You are not that irreplaceable as you think you are. The more you believe that, the less employable you become. You are following in your hated seniors footsteps and becoming just like them.
“Looks like another 11,000 heads are going to have to roll in order to hit the Chairman’s new magic number of 50k.”
Good.
Those who remain will be rewarded with better pay/benefits and increased job security. If the lifers had moved on when the moving was good, it would have never come to this, but they didn’t, so we all have to suffer. Thanks a lot fellas.
Don’t let the door hit you on the way out. And don’t worry, the company will do just fine without you, just like how every other company that never hired you is doing just fine without you.
@1scs+1iLxT7kr same in UNCON; 20% attrition and no plans to address. In fact, heard last week that David S. “stuck his next out” by raising the issue with DW himself. Why are concerns just now being voiced and why does one have to stick their neck out to voice the concern? Pathetic! The only reason they’re concerned is b/c at the current rate of attrition there won’t be enough staff to implement their grandiose plans in the Permian, not because they actually care about losing talent.
“Headcount rumors”
There are hundreds if not thousands of people usurping payroll to the tune of $180k-$220k per year who do practically nothing. Especially “senior” employees, many of whom have openly mused about how little they do for what they’re paid.
I’ve said it before and I’ll say it again: you’re worth about $85k/year based on the actual work that you perform. Most of you have been coasting for years. It’s time to normalize payroll and make way for new talent.
If you’re eligible to retire, retire. Then nobody will have to reduce headcount, freeze raises, reduce bonuses, etc. you’re doing this to yourselves by refusing to move on.
Get rid of business managers in LCS. They are duplicating and repackaging work that is being done elsewhere in the organizations by knowledgeable people. Why not give people with the real expertise these opportunities rather give it to favorites, yes-men, and people who make a career of pilfering the works of others?
Don’t fall for the bait and switch! ExxonMobil do not hire for life.
So far my career at EM has been a series of bait and switch.
We hire for life... Except for the most recent example where we went through a combined voluntary and non voluntary severance programme...
Favorite part about this job posting…
“In ExxonMobil, we hire for life.”
In Europe, the bait and switch laws must not exist…
https://jobs.praguemorning.cz/job/assistant-of-procurement-contracting/
There's this fallacy that you need someone with "manager" or "supervisor" in their title to manage a contractor. The reality is, they have far too many of those and there should be a handful of top notch independent contributor-type owner's engineers and maybe 1 person to manage for a project. Instead they have layers and layers of middle managers.
Same with operating plants. Functional managers with no technical knowledge or practicality and this whole fat EMRE organization who exists just to exist and 'steward' the sites. The only people who get anything out of them at the site are people hoping to ride their coat tail without having to solve actual problems.
Exxon's problems is they have too many managers and no value on doing actual work. Yet, their solution is going to be to keep the non-workers. Don't invest long term here, folks!
Global Projects looking to just have Advisors, Supervisors and Managers. Everything else to be done by contractors or MSPs. Enormous headcount reduction opportunities!
You're not wanted or valued folks, please leave.
@apl+fakers., yeah! Make employees' lives he-l, outdated, and miserable and keep cutting benefits left and right and they may leave on their own. The fake HR VP is as the other said is a great example and exposure of the mgmt. crooks at XOM.
Agreed, get rid of two incomps. TG and DW and a lot would ease up. Both of these two are examples of the utmost fakery.
Need to reduce numbers of Managers and Executives.
Just releasing one of those Dallas Execs would save millions per month.
Just replace with Crazy 8 Ball. Would get more logical and consistent decisions with Crazy 8.
I thought target headcount was 2 employees. Just DW and TG hanging out in cube eating at Wolfgang and enjoying the headcount savings they created.
I thought 42k was the target.
I believe 50k has always been the target! Why do you seem surprised 😯?
GP is running 20% attrition with no plans to move it.
They should rid themselves of the deadweights in LCS first.
Not surprising because when I resigned there was no attempt to retain me even though I've been good to outstanding in the past. Even before, there was a push to offload everything to third parties.
The sub 50k number is not new, that’s been the goal…
Minimal Xom staffing, transferring remaining positions to low cost centers and moving operations to contracted services is the recipe..
Natural attrition not fast enough in Annandale, massive cuts needed, if you’re RE beware, clowns in charge here…🤡
I’m doing my part to help reduce headcount by quitting next month - you’re welcome, Xombies
I don’t know about the whole corporation but EMTEC is targeting about 20% headcount reduction through 2027. Natural attrition can easily achieve this number.