ExxonMobil announces staff cuts

The company is about to cut around 1,900 employees as a result of ongoing reorganizations and work-process changes that have been made over the past several years to improve efficiency and reduce costs. According to ExxonMobil’s spokesman: “These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions. The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work.”. The company has confirmed that employees who will lose their jobs will be support through outplacement services.