By Carly Fiorina Source: LinkedIn Over the last couple of weeks we’ve been talking about why employees leave. Over four million employees have left their jobs during the Great Resignation of 2021. This is a historically high number. The reasons... — read more
Trader Joe's CEO Learnings - Looking at you Darren and underlings
From the NYer interview of Trader Joe's ex CEO/founder (sold to Aldi): After he left Trader Joe’s, Coulombe spent a couple decades serving on corporate boards and helping clean up companies in distress. Many of these efforts were successful, and all... — read more
Exxon Mobil reportedly to close 2 office towers in The Woodlands
By Olivia Pulsinelli – Assistant managing editor, Houston Business Journal Oct 22, 2021, 4:06pm EDT Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which employs thousands of people in the Houston area, reportedly is closing two of its local... — read more
January salary treatment, pivotal?
Lots of talk around people waiting until the January salary treatment to make a decision to leave or stay. I just can’t see any large raises taking place, my guess is 6% or less depending on the rank group. Thoughts?
Anyone seeing resignations back filled with employee hires? I am only seeing contractors being brought in.
https://www.worldoil.com/news/2021/10/22/exxon-to-close-two-houston-office-towers-following-worker-exodus “The assessment process is not a headcount reduction exercise,” Exxon said in the statement. “It is an annual process for performance... — read more
Irony - DW explaining MLRP
DW deserves to be PIP’d more than anyone in EM. Prove me wrong.
More Great News
https://finance.yahoo.com/news/exxon-shutter-two-houston-office-171907694.html
Our health insurance is getting worse
I spoke with Aetna yesterday and they have made it clear that ExxonMobil HR has sat down with them and removed several covered benefit from our health and dental insurances for next year. For some, this may be no big deal, but for those of us that... — read more
Attrition Warfare; How O&G Companies Wage War On Their Workforces
Attrition warfare is a military strategy consisting of belligerent attempts to win a war by wearing down the enemy to the point of collapse through continuous losses in personnel and materiel. The word attrition comes from the Latin root atterere... — read more
Inflation/ Energy
The U.S. Energy Landscape Has Changed. What That Means for Inflation. Source: https://www.barrons.com/articles/why-todays-energy-inflation-is-different-51634677139 No paywall: https://archive.ph/N2E2h In only six months’ time, the script on... — read more
We Are #1 In At Least One Global Metric, Dow and Sinopec Are #2 and #3 Respectively
https://247wallst.com/special-report/2021/10/13/companies-that-produce-the-most-plastic-waste-around-the-world-2/11/ To identify the company generating the most waste from single-use plastic manufacturing, 24/7 Wall St. reviewed data in "The Plastic... — read more
Additional layoffs and PIPs announced at the forum
DW wore his Effie Trinket dress and wig and announced that the third installment of the Hunger Games will be in 2022. You can be excused for not knowing about the Hunger Games in 2019, but not anymore. We need to hire additional people to have... — read more
Exxon reduces production at Chad oilfield following worker protests
21 October 2021 (Reuters) - Exxon Mobil said on Wednesday it had temporarily cut back production at its unit in Chad and reduced staffing in the country to essential personnel following worker protests against a proposed sale of its stake in the... — read more
IT fat
Why are there so many layers of management in IT? Seriously, we dont need 5 levels, it just adds bureacracy.
The game is fixed
One thing I hate the most about the current situation is how little our performance affects the ranking we receive. The whole ranking system is fixed. Our individual ratings should be based on meritocracy instead of whatever directive arrives from... — read more
The Problem with Saying “Don’t Bring Me Problems, Bring Me Solutions”
by Sabina Nawaz Harvard Business Review www.hbr.org It’s time to retire the saying “Don’t bring me problems, bring me solutions.” Even though advocates of this approach believe it reduces whining, increases empowerment, helps employees manage up... — read more
Exxon plans $400M expansion of Wyoming carbon capture facility
Oct. 21, 2021 9:21 AM ET Exxon Mobil Corporation (XOM) By: Carl Surran, Seeking Alpha News Editor Exxon Mobil (NYSE:XOM) unveils plans to spend $400M to expand carbon capture and storage at its LaBarge, Wyo., facility, which the company says already... — read more
Exxon board debates dropping several major oil and gas projects - WSJ
Reuters | Posted: 16 hours ago | Updated: 14 hours ago | 2 Min Read (Reuters) - Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more... — read more
Oopsie
I often wonder in Dallas has had a lightbulb moment and said, “Oh damn. What have we done.” They’ve started something they won’t be able to stop. Call it the #greatresignation or #exxodus either way it is just getting started. Attrition continues to... — read more
Education reimbursement
Did they bring back the education reimbursement? I read a response to a previous post and got confused
Final CL for an “average” career
There’s been a lot of talk here about CL 30 by age 30 if you want a high flying career. But I’m wondering what the “average” end-of-career CL looks like for someone who is good/not great but manages to make it 30 years in EMRE/GP type career paths. I... — read more
Texas refinery workers overwhelmingly reject Exxon contract offer
Union workers at Exxon Mobil Corp's (XOM.N) Beaumont, Texas, oil refinery overwhelmingly rejected the company's six-year labor contract on Tuesday, extending a lengthy standoff over job... — read more
No, everybody is not replaceable
I get tired of hearing people commenting that everybody is replaceable and we should be happy to have a job. Yes, everybody is replaceable in the sense that you can get somebody younger and cheaper to fill that position, but their knowledge and... — read more
Retention Package
Hearing rumors from executive levels that some business units are talking about a retention package of some sort. Can anyone confirm any truth to this?
No more layoffs but also no hiring and PIPs continue
The layoffs are over but it will continue to be more and more challenging to be highly ranked. This means if you choose to stay your salary will likely stagnate and go down due to inflation.
The Future of Heavy Duty Trucking is Hydrogen Fuel Cells and Natural Gas ICE
Cummins to introduce natural gas engine for heavy-duty trucks October 18, 2021 www.fuelsandlubes.com Cummins Inc. will bring to the North American market a 15-liter natural gas engine for heavy-duty trucks, the company announced. The 15-liter... — read more
ExxonMobil India announces new CEO, lead country manager
18 October 2021 https://economictimes.indiatimes.com/industry/energy/oil-gas ExxonMobil India has appointed Monte Dobson as CEO and lead country manager, succeeding Bill Davis. As lead country manager, Dobson will be responsible for ExxonMobil... — read more
Woods Forum
Pretty sure the forum invitees will only include CL32 and above. Know of several people from P&GA, Controllers, and Law who received an in person invite even though they never registered. Gotta control that narrative. Over/under on a CL 33... — read more
More KLTC/BTC expat in US
Guess they are coming here to learn about our sites/practices and workprocesses before returning back to home country and do the work remotely. Are they competent in their work or require full support from us?
XOM is becoming messier and messier each day
How is DW still the CEO? He obviously has no idea what he's doing. Can we please get somebody competent to lead us?
Jest a head's up. The Engine are more ruthless
We all know there's a congressional hearing on Oct 28 and DW will be there. Might be the quirky dot on his career here. All of y'all thinking the next CEO will be kinder, greener, gentler. You got another thing coming. These new blocks are carnivores... — read more
McKinsey Quarterly ‘Great Attrition’ or ‘Great Attraction’? The choice is yours
Interesting article from McKinsey. I liked this excerpt... “because many employers are handling the situation similarly – failing to invest in a more fulfilling employee experience and failing to meet new demands for autonomy and flexibility at work... — read more
Does EM Internship count towards Pension Service?
Does anyone know if the time spent as an intern counts towards the 5-years of service required to vest in the Pension plan?
Good managers not welcome post from Friday
Since someone or something is trying to bury this post I added it here. https://www.thelayoff.com/t/1dl09z6Q
Reporting: Summary of the GP Forum
I am reposting something from earlier this week that I thought was pretty accurate (although sarcastic). I thought we should re-post the items that someone is clearly trying to bury w/ nonsense posts! Summary of GP Forum - By US 10yr employee ... — read more
CL29 U.S. Salary Range
I’d like to know the CL29 salary range. Not concerned with YEE or RGP, just straight up what’s the min and max salary for this CL in the U. S. Copied prior post for CL25 and curious what CL289 is.