Chevron is laying off 8000 and Shell is going to sell the chemical business in the US and Europe. Shell is expected to reduce its upstream workforce by 15 to 20 percent. How long before exxon follows? The future is bleak for oil and gas. Of course exxon cuts 5 to 8 percent each year by piping. I feel sorry for those with more than 10 years left till retirement.
13 replies (most recent on top)
Exxon doesn’t need to layoff like the other majors due to our PA system.
@10c+1jnrg5b8y Sorry dude but you don't work here at BTC. Your numbers are all wrong. BTC employees cost about 20 percent or less the cost of an american employee. Your numbers are all wrong. The only way for you to save your jobs is that Trump bans the offshoring of jobs. Even if you're superproductive you can't compete in terms of cost. GO BTC GO.
I was hired last year at Bengaluru. We are growing, our leaders often remark that we outwork Americans by a factor of 3:1 at 1/3 the cost. You should pick up your productivity and improve your education more to be competitive.
As one former CEO stated in 1999 when Exxon acquired Mobil, "We do not pay people to voluntarily leave this corporation."
Just had our glo reorg. Lots of stuff moving under indian control. So much downsizing and eliminating positions. I am ready for the reduction.
All XOM has to do is offer a decent severance package and the headcount targets could be hit instantly, instead we choose to grind people away using NSI and other underhanded methods..
It’s coming boys and girls. Get your popcorn out for the next couple of weeks.
@jd+1jnrg5b8y That would be a nuclear bo-b in Darren and Kathy's business plan for the corporation. It'd totally destroy the corporate strategy and ExxonMobil would collapse completely. But they already have their millions. Only the shareholders will be sc--wed.
It would be funny if Trump banned offshoring US jobs to India!
Exxon was industry leading
Yeah that started back 2021 with the PIP requirements. Our competitors are just catching up.
Dude, Exxon was the leader of all this sh-t. Darren started laying off ExxonMobil loyal employees about seven years ago under the NSI excuse. Exxon has already lost tens of thousands of employees in the USA and Europe. Singapore has also laid off thousands. The massive hiring in India has covered up the massive layoffs in the HC10 to a point. And if you work for Exxon you must know that there's almost nobody left to lay off in the USA. Almost everybody's gone except for the HiPos. But even they're being pushed out. Just look for the large number of executives saying that they're "retiring" from Exxon on LinkedIn. Now not even the HiPos are safe.
Is this actually confirmed that Shell will sell it's chemical business? I know the writing is on the wall for North American refineries but haven't seen anything concrete.