Amazon (2019): $281 billion in revenues divided by 750,000 equals $375,000 per employee. Please try again. Significant layoffs finally happen at XOM and employees sh– their pants. Curious for reason why so much senior leadership from UK/EU/Canada? (For a graphic on cash from operations and asset sales, click here: here). ExxonMobil had previously announced 1,600 layoffs in Australia and its European operations. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. A cut would be “cataclysmic” for Exxon’s stock, said equity analyst Paul Sankey of Sankey Research, given that executives in July reiterated its importance. For apples to tangerines comparison:. Read more about cookies here. Most of Europe’s large energy companies have adopted aggressive targets to become carbon neutral by mid-century, in part involving big investment in wind, solar and battery storage. Exxon weathered a series of setbacks last decade and under Chief Executive Darren Woods sought to return to past prominence by big bets on U.S. shale oilfields, pipelines and global refining and plastics. There was an error, please provide a valid email address. Exxon, under Woods, won’t be taking this course. The past month or so alone, the company has declared its biggest losses on record, reported that could see 20% of its reserves become unproven assets due to low prices, and ended a historic run on the Down Jones. In the FAQ’s section it specifically states they are not... Embarrassing to see such a high ranking manager publicize that were now using QR codes to make fuel payments touchless. We recognize these efforts bring uncertainty and anxiety.”., a blog frequented by many ExxonMobil employees, has had a lot of chatter surrounding the performance reviews and PIP offers. It is exposing up to 10% of U.S. staff to harsh reviews that could push thousands out of the company, and is taking away lavish retirement benefits that had career employees staying 30 years on average. Anyone know what skills are critical and how long-term fit with Exxon’s core values will be measured? Please let us know if you're having issues with commenting. This is pure curiosity In a statement to Business Insider, a spokesperson for ExxonMobil denied that the company’s intention was to “reduce headcount through [their] talent management process,” stating that employees who find themselves in the NSI category are provided opportunities to improve their performance and keep their jobs. As some advice for all people on this forum, I can say towards the end of my time at Slb (April 2020) i was clouded in negativity and depression. —  It’s a company in financial trouble and lot of people will just be in the wrong... Spending on refining and chemicals plants that take years to design and complete, “is really a question of deferral,” he added. Construction at a $10 billion-plus LNG facility in Texas where Exxon holds a 30% stake already was moving slowly and now “there isn’t the urgency,” said Alex Munton, with consulting and data firm Wood Mackenzie.

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