Thread regarding ExxonMobil Corp. layoffs

Expect the U.S. to lose another 10000-20000 workers over the next 2 years

When you look at the annual structural savings they have announced they want to achieve ($3B+) versus what they have already ac, expect the high cost countries, particularly the U.S. to lose another 10000-20000 workers over the next 2 years. They are treating labor as pure commodity and have admitted lower quality can be tolerated. The people at the global technical centers are good people; unfortunately they have a bunch of HiPos sent to mentor them versus getting a real person a lower level with people skills who actually cares about adding value to the corporation. If you are under 40 and in a high-cost country, it is in your best interest to make other plans and leave. Other operators are hiring in the US and other countries and would be happy to have you. Folks at the BTC, get your training and consider Shell for better pay as they seem to have a balanced approach to doing things. As the company races towards the bottom, the BTC, KLTC and Argentina will be pitted against each other as well as they seek continued structural savings so while you may benefit today, be aware of what the future holds. If you aren't extremely specialized in your role, the company views you as replaceable on an annual basis. Always have a plan in place for the annual layoffs in July, if you stay, I recommend job applications in March /April. Best of luck all, your fellow workers want to see you succeed and value your input. I won't speak for management, but you are welcome to form your own opinion based on the publicly available articles you see in the news.

An excellent and informative post from @jib+1jorzXqr, it deserved its own thread.

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Post ID: @OP+1jpV2iiY

14 replies (most recent on top)

Voluntary Retrenchment Please!!! Some of us in the only HC10 in AP want it!

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Post ID: @4ifj+1jpV2iiY

In Geoscience there’s already a nasty game of musical chairs going on among HiPos. As the whole corporation shrinks, Geoscience shrinks even more and sinks one level down with each reorg, being completely out of favor within the corporation.
HiPos from groups being eliminated poach positions from weaker HiPos, who are moved to lesser exposure groups. There are no positions available for HiPos at their first promotion, but HiPos with strong sponsors get promoted to phantom team lead positions, where they have no team, just to get the promotion in the books. The “technical leadership team”, the parasitic middlemen, strangles any possible exposure for the rank-and-file, in order to preserve their monopoly on “value” and therefore make sure at least their jobs don’t get shipped to BTC.

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Post ID: @3uwo+1jpV2iiY

If asset sales are true what will be done with the orphaned HiPos from those assets who are on the expat circuit? Would be nice to give the home team some opportunities in the countries we keep operations in.

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Post ID: @3gmb+1jpV2iiY

Most of the cuts will be from asset sales...Entire affiliates will be sold off including Australia, Malaysia, Germany, Nigeria...eventually Angola, plus Hou staff supporting them. Just like Norway.

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Post ID: @3vdh+1jpV2iiY

Reduction targets are higher than anyone here is proposing.

Hiring 6000 more for BTC means an extra 6000 will need to be fired.

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Post ID: @2gnb+1jpV2iiY

Not sure about the headcount numbers, but OP is correct on the overall strategy....I 100% agree with the comment about being under 40...make sure you are prepared to leave.

Left in 2021. CL27 and familiar w the strategy for GSC.

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Post ID: @2wyj+1jpV2iiY

Majority of reductions can’t come from campus, only 6,000 people left there. 80% of that is 4000 which is what they need to effectively run wellness and energy quad hot desking. Science and nature are to be rented out. That is only 2000 of the 10-20k needed to be axed. 300 were at Billings so 9.7-19.7k now. Annandale is only about 600. How many at Juliet? Machelen? Fawley? They will have to find 10-20k somewhere, not sure it has to be US only to meet number DW was promising….

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Post ID: @1cnu+1jpV2iiY

@sda+1jpV2iiY they will farm out as much as possible to contractors in order to reduce employee headcount - any employees in non-core functions like IT, E&PS, etc. that aren’t close to retirement are fools for staying, IMO

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Post ID: @oqv+1jpV2iiY

The Executives that pushed the USA hiring binge in 2019 at same time as making the plan to move work to BTC, then made plans for massive layoff in USA in 2020 are still in control and awarded millions of dollars in bonuses every one of those ideas.

They should have been fired as quickly as the Captain of the Exxon Valdez.

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Post ID: @kpg+1jpV2iiY

EMHC haha. It could have been a really cool place. It feels like this demise was in the cards since almost day one. Well anyway, good f ing riddins!

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Post ID: @ton+1jpV2iiY

We are enabling their bad behavior by working so hard. Stop. They wont stop until we start failing.

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Post ID: @ggi+1jpV2iiY

the entire headcount in the US is around 20k, so your numbers imply shutting down of US operations.

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Post ID: @sda+1jpV2iiY

Execs are determined achieve $3 billion in savings even if it costs $10 billion in inefficiencies and losses.

Geniuses earning their million$ in bonuses

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Post ID: @udt+1jpV2iiY

Office/HQ folks keep in mind too that the sites in the US are practically running on skeleton crews as it is, so the majority of reductions will likely be coming from places like EMHC.

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Post ID: @ltb+1jpV2iiY

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