Thread regarding Exxon Mobil Corp. layoffs

Exxon Mobil market cap down $68 Billion today! Cash reserves depleting rapidly! No major changes in sight?

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 take a long time to pay out if ever. I'm worried they will hold out so long they be forced to over react! What changes are you seeing or not seeing?

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It's still getting worse and not getting better! What is management going to promise to stock holders?

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Current XOM staff at all sites include 50% safety 30% contractors and 20 % employees, Of the 20 % employees 60% are management 10 % are technical 20 % are support and 10 % are related by marriage to someone who lives in Houston. This is not going to end well.

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4bcu, are you describing Exxon or Chevron? Oh well, I guess it is the same everywhere. Management will always protect its own.

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XOM needs to get rid of all the managers that just sit in meetings all day listening to stewardship presentations and pretend to act important but add no value. Most have no leadership skills and horrible interpersonal skills. Promote people who know how do continuous improvement and innovate.

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I want some of whatever you're smoking dude!

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They told everybody we don't have layoffs so they're keeping it very quiet but people are disappearing everywhere! We also have lots of experience coming back from assets that are being closed overseas. Lots of retirement stick in place as well !

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