Thread regarding ExxonMobil Corp. layoffs

@bn we have stopped making pennies now. So I guess they are now going to go after nickels?

@bn unfortunately the CEO and MC doesn't see it that way. For them it is simply squeezing pennies at the cost of organizational and employees cost. These oldies have one foot out the door (or in coffin) so they will do everything to squeeze as much as they can at any cost before exiting with golden parachutes while leaving the problem for someone else to solve.

So just do what they are doing, inflating, faking, and making till exiting.

@OP what power you and fellow employees have to even act on and what? It is not like management values anything byt their share of $$$. Even if you act on anything you will be shoved down and out. Like the UK the US politicians along with greedy and self centered CEOs of the US companies are selling the USA for their own benefits.

From the underpaid and cry8ng poor DW to Bezos saying humans are drinking too much water that there isn't enough of it to cool data centers. Nothing positively will change for an average US employee but instead it will continue to deteriorate further.

The only real and practical options for an average US employee is either you play the same game CEOs are playing and milk as much as you can without any expectations OR go on your own, thats it. There really isn't another option.

"but if we don’t act, the company could fully shift major operations there and even redomicile in India within the next 25 years."

Great! Nothing can go wrong. Cya HC10

Multi billion dollar company risking everything to chase Pennies.

EM going all in on BTC, DTI engineering, and BBI.

It is forbidden to track rework or failures. Forbidden to directly rank 1/10 salary employees with HC10 employees.

ExxonMobil leases 2.35 lakh sq ft office space in Bengaluru's Whitefield at ₹1.86 crore monthly rent
Story by Vandana Ramnani

Texas-based energy major ExxonMobil Services and Technology Private Limited has leased 2.35 lakh sq ft of office space in Bengaluru's Whitefield for a monthly rent of ₹1.86 crore under a three-year lease, according to documents accessed by Propstack.

The company has taken on lease 235,300 sq ft across seven floors, the first, second, third, fourth, sixth, seventh and eighth floors, at the ITPB Inventor building in Whitefield. The property is owned by Information Technology Park Limited, the documents showed.

The lease has been signed at a rental of ₹79 per sq ft per month, with ExxonMobil paying a security deposit of ₹5.58 crore. The agreement also provides for a 5% annual escalation in rent, the documents showed.

As per the lease documents, rent will be calculated and paid on a quarterly basis. The lessee is required to pay the rent quarterly in advance, on or before the 10th business day of the first month of each quarter, beginning from the respective rent commencement dates for Phase 1 and Phase 2, the documents showed.

A list of queries have been sent to ExxonMobil Services and Technology. The story will be updated if a response is received.

"This 2.35 lakh sq. ft. lease by ExxonMobil reflects a broader trend of GCCs locking in high-quality, institutional grade-A assets. Securing multi-floor expansions at a premium rate demonstrates deep confidence in India's tech ecosystem as a long-term growth driver," said Raja Seetharaman, co-founder, Propstack.

Bengaluru emerged as India’s top office market in the January–March 2026 quarter, capturing a 24.8% share of national leasing volumes, with Global Capability Centers (GCCs) accounting for a strong 70%, the highest concentration in two years, according to a report by JLL.

A Global Capability Center (GCC) is a wholly-owned, integrated offshore or nearshore facility established by a multinational corporation (MNC) to perform specialized, high-value business functions

Other office spaces leased by ExxonMobil Services and Technology
Last year, ExxonMobil Services and Technology renewed its lease for five years for nearly 5.31 lakh square feet of office space in Bengaluru's eastern IT corridor of Whitefield for a monthly rent of ₹2.60 crore, according to documents accessed by Propstack. The space, located in Prestige Shantiniketan, is spread across multiple floors in Crescent 1 (floors 4,5,6,7, 8) and Crescent 2 (floors 1, 2,4,5,6,7), the documents showed.

The lease commenced on November 1, 2023, and has a term of five years, with an option to renew for an additional five years. The document showed that the landlords are Prestige Estate Projects Limited and INR Holdings.

https://www.msn.com/en-in/news/india/exxonmobil-leases-2-35-lakh-sq-ft-office-space-in-bengaluru-s-whitefield-at-1-86-crore-monthly-rent