Morale destroyed by senior management - Finance Manager ExxonMobil Employee Review

1.0
Apr 5, 2022
Recommend
CEO approval
Business Outlook

Pros

Worked at XOM for over a decade, first 10 years were decent - excellent comp, variety of experiences, some interesting projects if you could get staffed on them. Sales pitch of a career for life was believable prior to 2020.

Cons

Senior management Dallas decided in 2020 that they had too many employees and instead of having layoffs with severance as other O&G companies did, XOM started firing 8% of the employees per year for "performance reasons" and then tried to gaslight the remaining employees about this. Oddly the many, many "execs" we have weren't included in this 8%, just the employees who do the actual work. XOM continues to encourage employees in HC10 locations (the ten counties with the highest labor costs - US, Can, Singapore, Western Europe) to leave voluntarily by lowering their salary curves. My friends who stayed got ~1% raises for 2021 when inflation was 7%. The company is replacing the workforce with cheap labor in India, Malaysia, South America, and Eastern Europe which means fewer and fewer advancement opportunities in the US unless you have an executive sponsor. Longer term issues that still haven't been addressed: No visibility to jobs career paths. Ranking system based on politics and sponsorship rather than actual business results. No work from home flexibility. Endless red tape and "alignment" meetings to make even the simplest decisions. No empowerment, just the DOAG. I resigned in 2021 and am much happier.

Explore other reviews about ExxonMobil

5.0
Mar 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Great people and culture - Everyone is nice and wants to do good work.

Cons

Lots of security and locked down tech and hard to find what's available.

4.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

Great all around compensation - from salary, benefits (401k & pension & flexible work], medical [fantastic] Great people - at the company you understand everyone around is came from being one of the smartest people at their previous job/university. Within IT the overwhelming majority of people really care for you, this feels way more collaborative than competitive. Career Development - lots of opportunities to grow in breadth of experience to get deep in your skills and grow in leadership skills

Cons

Work Politics - being such a large corporation with a lot of history there is a tendency to be work politics/red tape sheerly because of the size of the company. However, it is not really bad if you are willing network , put yourself out there to talk with leaders, and be a normal hard-working enjoyable employee. If you do these two things you will succeed at ExxonMobil.

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