Exxon Mobil to cut 2,000 jobs amid restructuring, Bloomberg News reports
Sept 30 (Reuters) - U.S. energy major Exxon Mobil XOM.N will lay off 2,000 workers globally as part of a long-term restructuring plan, Bloomberg News reported on Tuesday, citing a memo.
The reductions represent about 3% to 4% of Exxon's global workforce, the Bloomberg report said.
Exxon did not immediately respond to a Reuters request for comment.
Global energy companies have announced thousands of job cuts this year, as the industry navigates weaker crude oil prices and a rapid consolidation.
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.
Exxon employed 61,000 people globally at the end of 2024, according to a regulatory filing.
Recommended Articles
Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.