Thread regarding ExxonMobil Corp. layoffs

People are the most important

I joined this company 20 years ago and it is no longer the company I joined.

When DWW says people are the most important asset, he is not lying but he is not painting the whole picture. He needs to add the qualifier that people are a necessary asset and thus that makes them important because the company can not run without them. However, that doesn't mean he cares about the people as individuals with emotions and actual lives outside of work. When DWW says people are the most important asset he says it in the same way Egyptian Pharoahs said it while constructing the pyramids or how cotton plantation owners said it about their slave populations. DWW says it the same way Scrooge McDuck says it about his money. People, like overall wealth is important to him, the individual pennies and dollars are not - those are interchangeable.

I highly recommend employees under 40 look for new opportunities now. I recommend employees 55+ retire now rather than be shown the door via PIP. I recommend new hires do not join this company unless you are willing to give up your soul.

The promise of a 30 year career at this company is no longer true. It has truly become a job. There is no sense of family, no sense of being a technology company, no sense of fulfillment beyond a paycheck.


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Post ID: @OP+1knyn6p9r

14 replies (most recent on top)

"The death of human empathy is one of the earliest and most telling signs of a culture on the verge of descending into barbarism" Hannah Arendt,

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Post ID: @12f+1knyn6p9r

I have to remind you, asset is a thing and how the clown see us.

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Post ID: @106+1knyn6p9r

As the CEO of Mobil Oil stated to all 40,000 employees in circa 1993, "We (i.e. Mobil) no longer control the price of gasoline at the pump. All we can control is our OPEX."

ExxonMobil is finally adopting and accelerating the Mobil CEO circa 1993 strategy post 2020 COVID meltdown when ExxonMobil had to borrow $20 billion to cover our 2020 Covid-19 losses globally.

Welcome to the 21st Century when OPEX reduction is called "Annual Synergies".

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Post ID: @xj+1knyn6p9r

@aq guess what bro, with bcbs no one can even afford hip surgery anymore!

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Post ID: @x9+1knyn6p9r

@aq this should also include mental health. Your exec with the broken hip may have just been dealt karma for all their decisions to chase value of the corp over wellbeing and mental health of the people generating that value.

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Post ID: @e7+1knyn6p9r

@b2 Human Cattle

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Post ID: @c5+1knyn6p9r

“ Your eyes are full of hate, forty-one. That's good. Hate keeps a man alive. It gives him strength.”

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Post ID: @bs+1knyn6p9r

employees are now Human Capital in the new HR system, and as the company's greatest Asset, we will be managed as such. Purchased at the lowest cost, assigned a depreciation period that ends with an NSI/PIP. Remove, replace, repeat.

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Post ID: @b2+1knyn6p9r

@aq @aq correct, it is no consolation…. And your defense of these guys needs some work. Clearly the BTC is off work this weekend so they can’t flood the board with nonsense… guess you are stuck on weekend duty defending the guys you sold your soul for?

What about the regular joe that got fired and had a similar situation? I bet there is at least one. Bad things happen to good and bad people… but those are things we don’t control.

We are talking about the choices made… intentionally doing things… please don’t confuse that with some bad luck.

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Post ID: @ar+1knyn6p9r

Hey, I know it’s no consolation, but we tend to assume executives make decisions that harm others, cash out, and then ride off into the sunset. That’s not always how life works.
For example, there was a post on here recently about a former exec who retired due to receiving a botched hip surgery. It’s a reminder that money doesn’t shield anyone from real-life consequences.
We don’t always see what happens to people in the end, so it’s easy to assume everything worked out perfectly for them.
At the end of the day, money isn’t the same as having peace or a loving family, and it definitely isn’t the same as health.
Just something to think about. Focus on your health. That’s your number one priority right now, not anything else.

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Post ID: @aq+1knyn6p9r

@OP - ditto. Glad to see some intelligent posts about what is going on.

We are in uncharted territory with the way executives have we-ponized the system over the past few years. Argue all the points about capitalism, shareholder value, at-will employment, profitability, etc. - but it is simply not debatable that current executives have pocketed millions as a direct result of their decisions to diminish the livelihood of thousands of others.

Newsflash: that is not smart, long-term business strategy… it is the lazy, greedy way to personally make millions at the expense of others… not cool, guys.

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Post ID: @am+1knyn6p9r

@ab yeah, that's what @OP said

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Post ID: @ac+1knyn6p9r

The actual phrase is "people are our greatest asset," and it has nothing to do with caring about people. It is a financial strategy of using employees as a tax-deductible expense, a line item that helps justify subsidies, tax breaks, and global leverage. It’s not about valuing people, it’s about using them as a tool to extract resources and reduce costs. The real assets they care about are oil, equipment, and land, not humans.

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Post ID: @ab+1knyn6p9r

XOM is corporate doe not have emotions. Managements are corporate guys so they are power with out empathy.

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Post ID: @a6+1knyn6p9r

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