LayoffsJun 26, 2020
ExxonMobilKXJV68
ExxonMobil layoffs 5-8%
what do you think of this layoff rumors and how have you prepared for this situation? #layoff
Glad I got out of that shit company
Tell your story
WFH did it.
Its inevitable
They aren't doing layoffs their just increasing the number of PIPs and they're converting some employees to contractors. Which is effectively the same thing but without severance packages.
Explain...
We knew about an 8% pip cut before covid even hit...
I didn’t know they can just convert contractors to employees like that?
Actually nevermind I misread that
GREF did it when they outsourced a few years back
How can they convert employees to contractors?
Dunno. It was mentioned by an upstream VP in a podcast recently.
Probably in the form of annuitants
Prep by buying more stock
Isn’t it expected.