ExxonMobil to Cut 2,000 Jobs in Global Workforce Restructuring
ExxonMobil plans to lay off 2,000 employees, representing 3-4% of its global workforce, as part of a strategy to enhance efficiency and competitiveness. The Chief Executive Officer, Darren Woods, announced the restructuring to focus on growth projects in oil exploration in Guyana, liquefied natural gas, and energy trading.
The company aims to reduce costs by $6 billion annually through internal reorganization. ExxonMobil has been undergoing significant changes since 2019, consolidating units and divisions.
By 2024, the company expects to have 20% fewer employees than in 2019. The move is part of Exxon's efforts to lead in the energy sector over the next decade.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Halliburton Cuts Workforce Amid Oil Industry Challenges
Dangote Refinery Layoff: Over 3000 Workers Terminated Amid Union Dispute
Dangote Refinery Implements Workforce Restructuring to Combat Sabotage
Dangote Refutes Mass Sack Reports, Emphasizes Safety Measures
Dangote Reveals Sabotage Behind Recent Layoffs at Refinery
PENGASSAN Reacts to Dangote Refinery Dismissing Nigerian Workers
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
