Thread regarding ExxonMobil Corp. layoffs

WSJ Article

Exxon Considers Leasing, Selling Unused Office Space at Houston Campus

How embarrassing

https://www.wsj.com/articles/exxon-considers-leasing-selling-unused-office-space-at-houston-campus-11667522131

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Post ID: @OP+1jxieIsE

23 replies (most recent on top)

This….

https://www.forbes.com/sites/simonconstable/2019/06/20/how-hot-desking-will-ki-l-your-company/?sh=3d592ab132e9

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Post ID: @3ode+1jxieIsE

So does this mean Harris and Montgomery counties can now force EM into allowing right of way for the segment of the trail section they repeatedly block?

If campus is going to be leased out to lord-knows-who you can’t argue “random people” and “security” anymore.

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Post ID: @2eej+1jxieIsE

WE3 with an over abundance of owned availed office space during record high profits is just a very loud statement from Executives: “We would rather have buildings abandoned than provide employees with a welcoming stable workplace”.

Execs are choosing to maximize attrition and remaining workers suffer the humiliation of WE3 while the Execs build private office suites with individual private bathrooms and segregated reserved parking.

Equals the phrase “ Let them eat cake”

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Post ID: @2nyb+1jxieIsE

@bap+1jxieIsE I remember the stid NJRSC. Vijay used to tell us that 500 employees from Paulsboro were going to move to Annandale. So, he forced us to share offices. Everything was chaotic for months. Then this idtic woman gave us a shshow in the auditorium telling us that they had done this many time before that it would go without a glitch. Guess what? First Vijay had no clue of what he was talking about, as it was usually the case (he has no clue of anything). I don't think 50 people moved from Paulsboro to Annandale. But, we still lost our offices and had to share. Second, the day the move started all he-l broke lose. THESE IDS HAD NOT MEASURED THE LENGTH OF THE DESKS AND MANY TIMES, A LOT OF TIMES, THEY COULDN'T GET TWO DESKS IN ONE OFFICE. All he-l broke lose. I had to work from home for a week. In the end everything was scr*ed up. They are so incompetent.

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Post ID: @2ccr+1jxieIsE

Actually the FYP was just revamped in Houston. Supervisors had to attend a “training” in September. If you’re WFH >6 days per month you’re “over utilizing” the FYD program. One should also not have set days that they WFH. It is to be adhoc only.

Funny that the powers that be have chosen to reduce the flexibility to WFH and then take away assigned seats. How degrading.

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Post ID: @2fzq+1jxieIsE

@1owh+1jxieIsE

Sounds like you are drinking the koolaide.

This did not come with any additional tolerance for wfh at other locations. In fact, employees continue to be told that they work better in the office.

Yes, wfh is up but it is out of apathy. If you want to call ‘employees not carrying about how they are perceived’ as a cultural success, you can do so. Perhaps it lines up with this story of quiet quitting. Personally, I think it is just sad.

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Post ID: @1zci+1jxieIsE

It is encouraging to see that the company is reinforcing its commitment to a flexible work policy. This gives us the option to choose desks and whether to come in order to alleviate seating constraints.

Take advantage.

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Post ID: @1owh+1jxieIsE

What a joke. What a bunch of gas lighting….. They already announced that we are hot desking and going to neighborhoods to free up office space and building.

How stupid do they really think employees are. No one trusts anything this management team says.

“Mr. Norton noted that Exxon hasn’t yet made any decisions on the matter and that it is gathering feedback as employees tour demonstration areas.
“We want to do this right and will work with department leaders before we make any decisions on the path forward,”

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Post ID: @1dgk+1jxieIsE

They wanted "Hunger Games"

We all know how the capitol ends up.

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Post ID: @1kju+1jxieIsE

Darren has a lot to learn from Elon.
Maybe he’ll too terminate the ESGs and trim the “fat”.

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Post ID: @1tpz+1jxieIsE

I go back to thinking this is all become personal for Darren….some sort of retaliation against the workforce for Engine No 1…or something. It’s hard to imagine how you can gut what’s left of the culture more of than by taking away everyone’s desk and selling/leasing part of campus….all while remodeling the building into which you will be moving.

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Post ID: @1epk+1jxieIsE

I am going to rent the Cube, and charge people $20 to take pictures of it. I'll be making a profit even before I sublease the space. Probably to Greenpeace.

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Post ID: @1yvr+1jxieIsE

You’ll come here, rant, vent and then go back and kiss the ring; just as a Peon should, and, you’ll like it. Otherwise, you would not be here sniveling now would you. Pathetic…

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Post ID: @efj+1jxieIsE

Embarrassing that EM Execs are forcing hot dealing on the workforce when owned office space is abundant, profits are record level, and private bathrooms being added to office suites for themselves with private segregated parking area and express elevator for their exclusive use.

Could not even make such cr-p up.

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Post ID: @iag+1jxieIsE

Cramming different groups into hotdesk areas and saying that they’re going to called “collaboration neighbourhoods” is exactly the same kind of BS story the company gave for the NJRSC study which moved Paulsboro people and projects to Clinton. After the move, the was no “synergy”, no “collaboration”. The CSR staff looked down on the Prioduct Development staff and the Ckinton ASL Dept refused to do any work for the Paulsboro projects

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Post ID: @bap+1jxieIsE

“Hotdesking” to allow the lease or sale of as much of the campus as possible - for anybody who knows the Exxon of thirty or even twenty years ago, this has a huge symbolic value. It shows that not only the ship is sinking, but it got to the point where the “leadership” really stops pretending. All the management bla-bla-bla about high stock price and profits is blown to pieces by these news.
There’s no hiding it now: EM is officially a second- or even third-rate company which tacitly starts accepting the situation. Younger people might not fully get it, but this is as shocking as 10,000 Cube-I-quit pictures on LI in the same day. Believe this from a person who was truly proud to join Exxon, the premier oil company in the world, three decades ago.

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Post ID: @ebr+1jxieIsE

Article in case you can't get access.

The tools at ExxonMobil make it sound like the employees have a say in this - ha ha!

Exxon Considers Leasing, Selling Unused Office Space at Houston Campus
Major oil company uses less than half of available space at campus poised to become global headquarters next year, memo saysExxon’s campus in the Houston area has never reached the full capacity it was designed for. BRANDON THIBODEAUX FOR THE WALL STREET JOURNAL
Exxon Mobil Corp. is considering leasing or selling unused office space at the sprawling Houston-area campus set to become its global headquarters next year, part of its ongoing effort to cut billions in structural costs.
In recent months, the U.S. oil giant has found that on a typical day it uses less than 50% of the available space at its 385-acre campus, which is large enough to house more than 10,000 workers, according to an internal memo viewed by The Wall Street Journal. Exxon spokesman Casey Norton confirmed the company is considering options for unused space.
Exxon’s campus, located in an area of Harris County known as Spring, has never reached the full capacity it was designed for, and in recent years the company has shed thousands of workers. The company’s global head count has fallen by more than 10,000 people since the pandemic began in 2020, regulatory filings show. During a historic oil-market crash that year, the company said it would shed 15% of its total workforce, including about 1,900 U.S. jobs, primarily in the Houston area.
Many of Exxon’s teams are scattered across its Spring campus, according to the memo. It is now exploring ways employees can work in closer proximity, potentially in spaces it calls “collaboration neighborhoods.” It has also hired a broker to gauge outside interest in its unused space, the memo said.
Mr. Norton said reconfiguring the campus would allow the company to evaluate commercial opportunities for unused space, which it might choose to lease or sell. Mr. Norton noted that Exxon hasn’t yet made any decisions on the matter and that it is gathering feedback as employees tour demonstration areas.
“We want to do this right and will work with department leaders before we make any decisions on the path forward,” Mr. Norton said.
Many other large U.S. companies have downsized their main offices this year, reducing their real estate as more workers station themselves at home for part of the workweek, while some employees have moved across state lines to capture cheaper housing and costs of living, as well as lower taxes offered by some states.
Houston’s so-called energy corridor—a chain of oil-and-gas offices stretching along a highway in western Houston—has a higher proportion of its overall office space up for grabs than any other area of the city. Many oil companies have sought to downsize as employees partially work from home and as companies adjust to leaner workforces following steep job cuts in recent years, brokers said.
Exxon’s downsizing isn’t related to a hybrid work arrangement. The company doesn’t have a policy allowing regular work from home, but employees are allowed to work remotely in certain circumstances, such as when a child is ill, said people familiar with the matter.
Built during former Exxon Chief Executive Rex Tillerson’s tenure, the Spring campus was meant to emulate other premier corporate campuses with large green spaces and other amenities. It features a cube-shaped building that appears suspended above two others, meant to symbolize the company’s engineering abilities.
The concept Exxon is testing in Houston involves assigning teams of employees to neighborhoods, rather than to specific desks or offices, which the company said would allow people to pick between different types of work settings, including private or open spaces and spots designed for interaction.
Exxon has also considered closing the equivalent of up to five of its 14 office buildings on the campus if employees’ work arrangements are reconfigured, according to people familiar with an internal presentation. Exxon previously closed two Houston-area buildings outside the campus, and in January said it would move its headquarters and staff from Irving, Texas, to the Spring campus.
Commercial real-estate brokers said it is currently difficult to sublease office space in Houston. All told, the region has about 8.9 million square feet of office space available for lease, up by almost one-third from last year, while sublease transaction volume is 45% below the five-year quarterly average, according to the commercial-property firm Jones Lang LaSalle Inc.
“There’s a general lack of liquidity in the debt market right now for transactions in Houston,” said Elizabeth Malone, managing director at the real-estate investment bank Eastdil Secured LLC in Dallas.
Oil companies, their service providers and equipment suppliers collectively cut tens of thousands of jobs following the onset of the pandemic and have been slow to rehire even as energy prices have recovered. In the U.S., oil companies have shifted their business strategies from focusing on pumping as much oil and gas as they can to sending most of their incoming cash to shareholders and paying off debt, which has reduced their need for labor.
Exxon last week reported a nearly $20 billion profit for the third quarter, its most-lucrative period ever and a second consecutive record for quarterly earnings that nearly tied with that of the tech giant Apple Inc.
In September, Exxon’s closest rival, Chevron Corp., sold its 92-acre Chevron Park campus in San Ramon, Calif.—its global headquarters for about two decades—and planned to move into a nearby leased space about one-third of the size. Chevron said 200 employees elected to move to Houston after the company had offered to cover relocation costs this summer.

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Post ID: @jrt+1jxieIsE

The more relevant question is….why are you still there working for Exxon?

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Post ID: @set+1jxieIsE

I am OK with them making a couple bucks leasing out the extra space… but why cram all of us into hot seats while the execs will have personal bathrooms when they move from Dallas? Just do the restack with assigned seats

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Post ID: @xtx+1jxieIsE

"teams"????

The term "team" imply collaboration, mutual help, and mutual care and mutual honest feedback among the members of such "team".

None of this happens in EM.

People compete under a façade of politeness for the endorsement of the supervisor.

There are no teams, only clusters of crushed souls trying to take advantage of each other.

Before you react to this defensively telling yourself "that is not me" pause and think.

Yes, that is you. You are playing the Ranking game which is not a team game.
By contrast, it is an individualistic "me-against-you" game where each of you celebrate each year that someone else is in the PIP so you can play for another year and collect your paycheck in the process.

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Post ID: @ssi+1jxieIsE

What teams are spread across the campus lol

“Many of Exxon’s teams are scattered across its Spring campus, according to the memo”

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Post ID: @ihd+1jxieIsE

Could have sold the entire campus and pushed everyone into Hughes Landing! Ha. Fun time to have to play King of the
Hill in April much harder to preserve a hot seat.

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Post ID: @ucm+1jxieIsE

I’d say 50% occupancy is a pretty generous estimate, I’d say more like 30% on a good day in Wellness Quad. It is actually somewhat depressing walking around …..

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Post ID: @xab+1jxieIsE

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