Exxon prepares to cull US white-collar ranks by up to 10%_老虎社区_美港股上老虎

Exxon prepares to cull US white-collar ranks by up to 10%

The Straits Times2021-06-22

HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...

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106

Xuanlx
·2021-06-22
Wah!
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Shop
·2021-06-22
i see
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1
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thekang
·2021-06-22
Comment like thankz
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3
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收起
- 645e274f:
  Gooooooood
  2021-06-22
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Stan333
·2021-06-22
🧐🧐🧐
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6
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Alexngo
·2021-06-22
That's no good...
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4
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- WZY999:
  👍
  2021-06-23
  回复
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- Alexngo:
  🤔
  2021-06-23
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areyoujerry
·2021-06-22
Oooooh
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3
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SSVC
·2021-06-22
Ouch Appreciate your comments and response Thanks
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2
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Alfred1007
·2021-06-22
The falling of giant?
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SamuelNg
·2021-06-22
oil is a dying business
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2
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KohJinHui
·2021-06-22
Great read
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Spartan8868
·2021-06-22
Ok
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chiin
·2021-06-22
Ok
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1
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- AshleyKinson:
  well
  2021-06-22
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Iamwilliam
·2021-06-22
Great
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1
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- chiin:
  Ok
  2021-06-22
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slpt2980
·2021-06-22
[Sigh]
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3
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Tygress
·2021-06-22
Is that even ethical of the company? Though it is good news for shareholders.
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dent
·2021-06-22
Please like and comment
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3
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- Mystique:
  ok
  2021-06-22
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cmg76
·2021-06-22
Lol, it's quite bad at the moment. Already seen some 10 to 20% of staff gone since end of 2020. Anymore cuts is not going to be helpful as the same workload is expected.
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SeanSak
·2021-06-22
Like n comment
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5
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- Kennyoscar:
  Nice
  2021-06-22
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- TanTG:
  comment
  2021-06-22
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- 732bc2e8:
  [财迷]
  2021-06-22
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DesmondChin
·2021-06-22
Opportunity to trim the organisation
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1
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konami
·2021-06-22
Nice
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While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. 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While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120250777,"gmtCreate":1624325523099,"gmtModify":1634007782127,"author":{"id":"3582022994702843","authorId":"3582022994702843","name":"Shop","avatar":"https://static.tigerbbs.com/d361fd3c4c5677fff3957e6d430ecb52","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582022994702843","authorIdStr":"3582022994702843"},"htmlText":"i see","listText":"i see","text":"i see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120250777","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120641051,"gmtCreate":1624322855073,"gmtModify":1634007859927,"author":{"id":"3579391473717940","authorId":"3579391473717940","name":"thekang","avatar":"https://static.tigerbbs.com/257a55b2b4eff5b143f883be20deac55","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579391473717940","authorIdStr":"3579391473717940"},"htmlText":"Comment like thankz","listText":"Comment like thankz","text":"Comment like thankz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120641051","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945730,"gmtCreate":1624323883206,"gmtModify":1635252895818,"authorId":3576747252702130,"author":{"id":3576747252702130,"idStr":"3576747252702130","authorId":3576747252702130,"name":"645e274f","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120641051,"type":1,"supId":0,"prevId":0,"content":"Gooooooood","text":"Gooooooood","html":"Gooooooood"}],"langContent":"EN"},{"id":120652847,"gmtCreate":1624322623489,"gmtModify":1631889873387,"author":{"id":"3570067011175923","authorId":"3570067011175923","name":"Stan333","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570067011175923","authorIdStr":"3570067011175923"},"htmlText":"🧐🧐🧐","listText":"🧐🧐🧐","text":"🧐🧐🧐","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120652847","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120652321,"gmtCreate":1624322612463,"gmtModify":1634007867324,"author":{"id":"3571882312755933","authorId":"3571882312755933","name":"Alexngo","avatar":"https://static.tigerbbs.com/e447316e6c35dbdf36a9fec4e71b22e4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571882312755933","authorIdStr":"3571882312755933"},"htmlText":"That's no good...&nbsp;","listText":"That's no good...&nbsp;","text":"That's no good...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120652321","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4962582,"gmtCreate":1624402856012,"gmtModify":1635251301224,"authorId":3575016351943711,"author":{"id":3575016351943711,"idStr":"3575016351943711","authorId":3575016351943711,"name":"WZY999","avatar":"https://static.tigerbbs.com/b0a72c03704eca433b1e33c902b833b4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120652321,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":4967713,"gmtCreate":1624416940500,"gmtModify":1635250753749,"authorId":3571882312755933,"author":{"id":3571882312755933,"idStr":"3571882312755933","authorId":3571882312755933,"name":"Alexngo","avatar":"https://static.tigerbbs.com/e447316e6c35dbdf36a9fec4e71b22e4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120652321,"type":1,"supId":4962582,"prevId":0,"content":"🤔","text":"🤔","html":"🤔"}],"langContent":"EN"},{"id":120650048,"gmtCreate":1624322411784,"gmtModify":1634007873797,"author":{"id":"3583324380028738","authorId":"3583324380028738","name":"areyoujerry","avatar":"https://static.tigerbbs.com/221121135e2a4e6fdfe475e569c955f0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583324380028738","authorIdStr":"3583324380028738"},"htmlText":"Oooooh","listText":"Oooooh","text":"Oooooh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120650048","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120622079,"gmtCreate":1624322283191,"gmtModify":1634007877870,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Ouch Appreciate your comments and response Thanks&nbsp;","listText":"Ouch Appreciate your comments and response Thanks&nbsp;","text":"Ouch Appreciate your comments and response Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120622079","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120663499,"gmtCreate":1624321825311,"gmtModify":1634007889557,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570656625926041","authorIdStr":"3570656625926041"},"htmlText":"The falling of giant?","listText":"The falling of giant?","text":"The falling of giant?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120663499","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120663304,"gmtCreate":1624321802409,"gmtModify":1634007890131,"author":{"id":"3572761324363640","authorId":"3572761324363640","name":"SamuelNg","avatar":"https://static.tigerbbs.com/758b132d63959927e156935f0c64d8e9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572761324363640","authorIdStr":"3572761324363640"},"htmlText":"oil is a dying business","listText":"oil is a dying business","text":"oil is a dying business","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120663304","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120687213,"gmtCreate":1624321732232,"gmtModify":1634007892363,"author":{"id":"3577076974308726","authorId":"3577076974308726","name":"KohJinHui","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577076974308726","authorIdStr":"3577076974308726"},"htmlText":"Great read","listText":"Great read","text":"Great read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120687213","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120686716,"gmtCreate":1624321621335,"gmtModify":1634007895840,"author":{"id":"3566614759319986","authorId":"3566614759319986","name":"Spartan8868","avatar":"https://static.tigerbbs.com/56864b0ca30382abbde4f13ad329c182","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566614759319986","authorIdStr":"3566614759319986"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120686716","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120681163,"gmtCreate":1624321546352,"gmtModify":1634007898160,"author":{"id":"3560902410034010","authorId":"3560902410034010","name":"chiin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3560902410034010","authorIdStr":"3560902410034010"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120681163","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4944495,"gmtCreate":1624321556723,"gmtModify":1635253033909,"authorId":3556768594543699,"author":{"id":3556768594543699,"idStr":"3556768594543699","authorId":3556768594543699,"name":"AshleyKinson","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120681163,"type":1,"supId":0,"prevId":0,"content":"well","text":"well","html":"well"}],"langContent":"EN"},{"id":120689739,"gmtCreate":1624321516921,"gmtModify":1631893505578,"author":{"id":"3558205612679306","authorId":"3558205612679306","name":"Iamwilliam","avatar":"https://static.tigerbbs.com/e7373e3ef1ae972ffe6855bebcb227c3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3558205612679306","authorIdStr":"3558205612679306"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120689739","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4944498,"gmtCreate":1624321559568,"gmtModify":1631893505580,"authorId":3560902410034010,"author":{"id":3560902410034010,"idStr":"3560902410034010","authorId":3560902410034010,"name":"chiin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120689739,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":120689693,"gmtCreate":1624321506612,"gmtModify":1631887395467,"author":{"id":"3581575164069619","authorId":"3581575164069619","name":"slpt2980","avatar":"https://static.tigerbbs.com/f7ba82f513e97f480c7bb7f8db0e6e08","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581575164069619","authorIdStr":"3581575164069619"},"htmlText":"[Sigh]&nbsp;","listText":"[Sigh]&nbsp;","text":"[Sigh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120689693","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120680811,"gmtCreate":1624321485133,"gmtModify":1634007900800,"author":{"id":"3579340169444210","authorId":"3579340169444210","name":"Tygress","avatar":"https://static.tigerbbs.com/0833a8ce5ec739350942784874a15f01","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579340169444210","authorIdStr":"3579340169444210"},"htmlText":"Is that even ethical of the company? Though it is good news for shareholders.&nbsp;","listText":"Is that even ethical of the company? Though it is good news for shareholders.&nbsp;","text":"Is that even ethical of the company? Though it is good news for shareholders.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120680811","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120614328,"gmtCreate":1624321435564,"gmtModify":1634007902514,"author":{"id":"3574392084255465","authorId":"3574392084255465","name":"dent","avatar":"https://static.tigerbbs.com/e54b2a08f8905d05e3d00b78582bf531","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574392084255465","authorIdStr":"3574392084255465"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120614328","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945927,"gmtCreate":1624324180737,"gmtModify":1635252872427,"authorId":3583401463837686,"author":{"id":3583401463837686,"idStr":"3583401463837686","authorId":3583401463837686,"name":"Mystique","avatar":"https://static.tigerbbs.com/80553c2968edf6d8be729b4092825a07","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120614328,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":120639405,"gmtCreate":1624320970807,"gmtModify":1634007916922,"author":{"id":"3581589405041654","authorId":"3581589405041654","name":"cmg76","avatar":"https://static.tigerbbs.com/7bce68ec0cb45bf31e79e66a7fa376ad","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581589405041654","authorIdStr":"3581589405041654"},"htmlText":"Lol, it's quite bad at the moment. Already seen some 10 to 20% of staff gone since end of 2020. Anymore cuts is not going to be helpful as the same workload is expected.&nbsp;","listText":"Lol, it's quite bad at the moment. Already seen some 10 to 20% of staff gone since end of 2020. Anymore cuts is not going to be helpful as the same workload is expected.&nbsp;","text":"Lol, it's quite bad at the moment. Already seen some 10 to 20% of staff gone since end of 2020. Anymore cuts is not going to be helpful as the same workload is expected.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120639405","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120692457,"gmtCreate":1624320760779,"gmtModify":1634007921660,"author":{"id":"3581585664475701","authorId":"3581585664475701","name":"SeanSak","avatar":"https://static.tigerbbs.com/4a62d3d455150e01d4dc6c67bd4f9c0d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581585664475701","authorIdStr":"3581585664475701"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/120692457","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4944130,"gmtCreate":1624320847775,"gmtModify":1635253075063,"authorId":3575882730419858,"author":{"id":3575882730419858,"idStr":"3575882730419858","authorId":3575882730419858,"name":"Kennyoscar","avatar":"https://static.tigerbbs.com/7ae5bbd70eee00b69de3be27b8862938","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120692457,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":4944190,"gmtCreate":1624320995665,"gmtModify":1635253068001,"authorId":4087280747915780,"author":{"id":4087280747915780,"idStr":"4087280747915780","authorId":4087280747915780,"name":"TanTG","avatar":"https://static.tigerbbs.com/34405b5acf0c803871e644cb41423faa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120692457,"type":1,"supId":0,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"},{"id":4944321,"gmtCreate":1624321253542,"gmtModify":1635253053818,"authorId":3581684923109887,"author":{"id":3581684923109887,"idStr":"3581684923109887","authorId":3581684923109887,"name":"732bc2e8","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120692457,"type":1,"supId":4944130,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"}],"langContent":"EN"},{"id":120691791,"gmtCreate":1624320672313,"gmtModify":1634007924654,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578983795474363","authorIdStr":"3578983795474363"},"htmlText":"Opportunity to trim the organisation","listText":"Opportunity to trim the organisation","text":"Opportunity to trim the organisation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120691791","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120691810,"gmtCreate":1624320657430,"gmtModify":1634007925025,"author":{"id":"4087360750007720","authorId":"4087360750007720","name":"konami","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087360750007720","authorIdStr":"4087360750007720"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120691810","repostId":2145703461,"repostType":4,"repost":{"id":"2145703461","kind":"news","pubTimestamp":1624320121,"share":"https://www.laohu8.com/m/news/2145703461?lang=&edition=full","pubTime":"2021-06-22 08:02","market":"us","language":"en","title":"Exxon prepares to cull US white-collar ranks by up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703461","media":"The Straits Times","summary":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between","content":"<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon prepares to cull US white-collar ranks by up to 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon prepares to cull US white-collar ranks by up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-prepares-to-cull-us-white-collar-ranks-by-up-to-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145703461","content_text":"HOUSTON (BLOOMBERG) - Exxon Mobil Corp is preparing to reduce headcount at its US offices by between 5 per cent and 10 per cent annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.\nThe cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn't public. While such workers are typically put on a so-called performance improvement plan, many are expected to eventually leave on their own. This year's evaluation is happening now but affected employees have not yet been notified, the people said.\n\"Our annual performance assessment process has been occurring over the last several months,\" Exxon spokesman Casey Norton said in an email. \"Where employees are not contributing to their highest ability, they may need to participate in an improvement plan. This is an annual process which has been in place for many years, and it is meant to improve performance. This process is unrelated to workforce reduction plans.\"\nThe plan is separate from Exxon's announcement last year that it will cut 14,000 jobs worldwide by 2022, and it would extend reductions well beyond that original time frame. It's a tumultuous time for Exxon, which is still grappling with the fallout from last month's annual meeting, when shareholders rebuffed top management and replaced a quarter of the company's board over climate and financial concerns.\nExxon had 72,000 employees globally at the end of last year, of which 40 per cent worked in the US, according to a company filing.\nWhite-Collar Jobs\nSeveral high-profile traders have also left in the last few weeks. While the performance-review process mostly applies to white-collar jobs such in areas such as engineering, finance and project management, there's no suggestion the trading departures were related to the review programme.\nExxon's other cost-cutting initiatives have included suspending bonuses and halting employee-contribution matches to 401k savings plans as the pandemic crushed demand for crude, saddling the company with a record annual loss.\nInternational crude prices have surged 44 per cent this year to almost US$75 a barrel, improving Exxon's financial position markedly. Still, the supermajor has some way to go to pay down debts accumulated during 2020's market collapse. A smaller and more efficient workforce is key to further improvements.\nExxon achieved US$3 billion (S$4 billion) of annual \"structural cost reductions\" in 2020 and will continue to make savings through 2023, chief executive officer Darren Woods said at the annual meeting in May.\n\"We've got additional work to continue to take advantage of the new organization and find opportunities to reduce our costs,\" Mr Woods said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":106,"commentSize":24,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}