As a 20 year employee I have noticed over the years they rank and promote the new hires and then stop growth for most in their mid 40’s. 40 plus get ranked the lowest and it is very humiliating when you are mentoring and training coworkers that are... read more
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Topics regarding layoffs at Exxon Mobil Corp.
How about a bit of healthy growth for a change - I do hear that we may have layoffs in Irving.
50% of site engineers to be replaced with offshore call center support in the next few years. So much for an american company hiring americans.
So, the profits go up majorly for Exxon's second quarter, and shares drop because it was still not enough????? Now I am thinking this will be compensated by cutting operating costs, which, as we all know, means layoffs. I hope I am wrong, but I doubt... read more
So all of XTO is moving to Houston. Why do you all not have anything on this forum. Do you not know anything or all you all afraid of not being marketable if you are laid off. You all know there is also going to be a mass layoff at Exxon coming... read more
Technology has changed the oil & gas energy business forever. Will Exxon make the necessary changes required to survive?
We need to dump some of our big capital long term projects soon because it is apparent they may never payout. If we don't make some big adjustments soon I am afraid it might be too late! We need to cut back capital spending more and reduce overhead... read more
Our management thinks we can just keep lumbering along until this change passes. They don't realize that technology has changed our business forever. Economics are different now. If we don't start reducing cost, reducing size of work force, sell... read more
To be phased in in 2018. Fun while it lasted.
Who would have thought the most progressive member of Trump's cabinet would be our CEO. Rec is THE only one who believes in man made climate change.
The new CEO will restructure and cut costs (sell off assets) to improve operating efficiency, cash flow and profitability. Remember cash has dried up with little return and the trend has to change to meet the long term investor needs. Its amazing the... read more
When will things improve, are they, I am still hearing about layoffs in Irving.
Well when do you think management is going to decide we held out as long as we could? Downstream, mid-stream, and chemicals are helping but unable to carry us much longer. I see we are starting to shut down some expensive long term projects that will... read more
Exxon is being very quiet about needed changes while our market cap is down $65 billion in value and cash reserves are depleting rapidly! Finally beginning to see some big expensive long-term projects shut down. They haven't announced a layoff but we... read more
Stock is still dropping and we are not doing anything to change! When will we hit bottom?
What has management done??? Maybe they are the silent majority! It doesn't require a degree in finance to see where this is headed and experts are saying there is no end in sight for the energy market reset. When will management act?
I do hope Exxon employees keep their jobs. However I was visiting friends in Houston last week and we were invited to a party where we met a few Exxon expatriates. Nice people but only bragging about their expat package, unlimited housing allowance ... read more
It seems to be mainly just contractors being let go which doesn't really count as company layoffs. As usual lower performing employees are at risk, like bottom 10 percent, but you have to be pretty bad to be in that category anyway. Also, some older... read more
Hello All - I am researching message boards relating to Exxon layoffs due to the recent O&G downturn. The information is scarce. Would someone be able to help me out by replying with a list of major geographic locations that are affected (a major... read more
I've been watching all your boards for a few months and here are the awards from first to worst (posted on all your boards) from Shell to Exxon to BP to Chevron. 1st Place - Chevron - The "Street Fighters with Big Balls Award" Easy to see why these... read more
Grin and Bare Hee and Haw Don't really wanna be here anyhow Day after day Same old games we play Tenure adds up In Reality, These jobs suck We pretend But know, deep down, It's all about the bucks! A computer,chair, and desk Theoretical work at best... read more
Exxon Mobil Corp. has lost $80 Billion dollars in value and continues to lose! Stock price may be currently stable or creeping up slightly but won't last long when third and fourth quarter results for this year are released. Management's disastrous... read more
What is management going to do to satisfy stock holders? I am afraid they will be intimidated into doing what other energy companies have done. Wall Street is asking for heads to roll. What's next?
Exon is looking at purchasing Anadarko. Anadarko is down to just one third of it's value less than a year ago so appears to be a great bargain. Will Exon keep Anadarko employees on or lay them off?
How likely is this scenario?
The reported plans is Rex will retire in 2016, the company will likely be restructured when the new CEO comes in so may not happen until 2017. It will likely be significant. Good article published this week on Bloomberg on issues with the CEO switch... read more
What is the likelihood of Exxon Mobil layoffs in Irving in 2016? Please let me know if you have any information.
As a young engineer I took a job at Exxon where they described their forced ranking system as vital to their success. I soon saw that it entrenched the most selfish political types while destroying job satisfaction & teamwork across the company. Much... read more
Has anyone found that being laid off from Exxon is preventing them from getting hired elsewhere?
3wks/per year of service. Max 60wks. Plus partial bonus for this year. Can someone confirm?
Exxon has never drilled a well with a $90 cost per bbl. The very highest cost per bbl I know of is some of the small shale operators in the US at about $70/ bbl. Exxon is very conservative and manages it's business very well. Classy company with a... read more
"In the first place, there is general scientific agreement that the most likely manner in which mankind is influencing the global climate is through carbon dioxide release from the burning of fossil fuels," Black told Exxon's Management Committee... read more
Why is no one talking about the people who are missing from the office. People are just leaving I have asked my supervisor but he dances around the subject