Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to…
Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to a wave of job cuts in the oil and gas industry this year.
The layoffs represent about 3% to 4% of the company's global workforce and are part of an ongoing efficiency drive, according to Bloomberg News, which first reported the news earlier on Tuesday.
Exxon Mobil has been streamlining its operations after closing its $60 billion purchase of Pioneer Natural Resources in 2024. In November last year, the company revealed in a filing that it would cut nearly 400 jobs in Texas.
"We've seen the value of bringing people together in the same location... we are aligning our global footprint with our operating model and bringing our teams together," the company said in an emailed statement on Tuesday.
On Monday, Canadian shale producer Imperial Oil IMO.TO, in which Exxon is a major shareholder, announced plans to cut 20% of its workforce and shutter business in Calgary.
Global energy companies have announced thousands of job cuts this year, as the sector navigates weaker crude oil prices and a rapid consolidation.
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