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Started By
Message
Not A Good Look For ExxonMobil
Posted on 10/17/22 at 3:12 pm
Posted on 10/17/22 at 3:12 pm
28
Posted on 10/17/22 at 3:13 pm to EvilTwinsApprentice
Truck nuts [OFF] on
Posted on 10/17/22 at 3:14 pm to EvilTwinsApprentice
So
Much information.
Much interesting
Much information.
Much interesting
Posted on 10/17/22 at 3:14 pm to EvilTwinsApprentice
quote:
t the company's "long-simmering toxic culture has employees heading for the exits" to the tune of 12K departures in the past two years
how many of the 12k came in 2020 and early 2021?
Posted on 10/17/22 at 3:15 pm to EvilTwinsApprentice
Your Mom has a "toxic culture".
Posted on 10/17/22 at 3:15 pm to EvilTwinsApprentice
quote:
Exxon's (XOM) stock is up 60% this year and is near a record high, but if the company "has any shot at dominating the volatile energy transition over the next century, it will need to attract and hold on to the next generation of scientists, engineers and technologists," the report concludes.
Ah, so the company is trying to get away from what it actually produces and anyone who objects is tossed to the side.
Posted on 10/17/22 at 3:16 pm to soccerfüt
That’s not what your Momma told me in bed last night
Posted on 10/17/22 at 3:17 pm to EvilTwinsApprentice
They pushed out lots of people recently that didn't fit the XOM culture. Specifically, XTO people.
Posted on 10/17/22 at 3:19 pm to EvilTwinsApprentice
So that's what, a 16% turnover rate over a few years? Isn't the national average like 25% for voluntary turnover?
Posted on 10/17/22 at 3:20 pm to EvilTwinsApprentice
I interviewed with Exxon last year. I declined the second interview after hearing more about their toxic culture. I couldnt find anyone that enjoyed working for them
Posted on 10/17/22 at 3:20 pm to Dire Wolf
quote:
how many of the 12k came in 2020 and early 2021?
https://www.macrotrends.net/stocks/charts/XOM/exxon/number-of-employees
Posted on 10/17/22 at 3:21 pm to EvilTwinsApprentice
LinkedIn_post_leavingExxon_HQEntrance_background.jpg
Posted on 10/17/22 at 3:22 pm to EvilTwinsApprentice
Toxic from:
- actual poison
- wokeism
- not being woke enough
Who knows with today's journalism?
- actual poison
- wokeism
- not being woke enough
Who knows with today's journalism?
Posted on 10/17/22 at 3:27 pm to Dire Wolf
quote:
how many of the 12k came in 2020 and early 2021?
The arbitrary nature of those layoffs led to a lot of XOM folks looking for new jobs that otherwise were content to not test the job market. The one thing XOM always had going for it was a pretty crystal clear job security, when that went away the flood gates opened.
Posted on 10/17/22 at 3:27 pm to EvilTwinsApprentice
I’m not saying Exxon is a great place to work, but I don’t have high expectations for a report on oil and gas coming from Bloomberg.
A bunch of IT hands upset… that’s all I got out of the article.
quote:
The software developers, data analysts, and technicians who run Exxon’s vast computing network, which helps the company manage everything from drilling wells to pipeline flows, were in no mood to celebrate
A bunch of IT hands upset… that’s all I got out of the article.
This post was edited on 10/17/22 at 3:30 pm
Posted on 10/17/22 at 3:27 pm to LootieandtheBlowfish
quote:
LinkedIn_post_leavingExxon_HQEntrance_background.jpg
aka #CubePic
Posted on 10/17/22 at 3:30 pm to EvilTwinsApprentice
quote:
Bloomberg said Exxon's (XOM) performance ranking system, which pits employees against each other, dominates the day to day, and subordinates are told not to speak out against their bosses in meetings for fear of being placed at the bottom of the rank and pushed out.
This system only works well in more transient industries like big tech or consulting where people tend to stay for 5-6 years then move on anyway. It drives people away in most other places.
Exxon is probably very aware of this, so I doubt they are being really hard nosed on this kind of policy. I don't work there, and it's difficult to really tell given the media's lack of honesty when it comes to covering energy companies like this.
Any OT insiders want to shed some light here?
This post was edited on 10/17/22 at 3:33 pm
Posted on 10/17/22 at 3:31 pm to Theduckhunter
quote:
hands
Nothing personal, but I hate this term for employees/workers.
Posted on 10/17/22 at 3:39 pm to EvilTwinsApprentice
Did they ever give back the 401k match?
O&G isn't what it was. Top minds have other options open to them and are taking it.
O&G isn't what it was. Top minds have other options open to them and are taking it.
Posted on 10/17/22 at 3:43 pm to EvilTwinsApprentice
So 6K a year / 63K employees - less than a 10 percent turnover rate.
The accounting industry laughs at this.
The accounting industry laughs at this.
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