ANNUALLY — Exxon To Fire Up To 10% Of White Collar Workers For The Next 3 To 5 Years
https://www.zerohedge.com/markets/exxon-fire-10-white-collar-workers-next-3-5-years
“In a novel spin on mass layoffs, the cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs. 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.”
My “guess” would be that this way they can fire them for cause and thus avoid severance payments??????????????
No way to accurately track it but I would bet that 99% will be older, “white” men.