ExxonMobil to cut 1,900 US jobs as COVID-19 hits oil prices

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ExxonMobil's latest move is part of the oil giant's worldwide push to cut costs.

said on Thursday, October 29, it will eliminate 1,900 United States jobs as part of a global cost-cutting drive that will shrink its global workforce by about 15% over the next two years.

The US job cuts are"the result of ongoing reorganizations," the company said, adding"the impact of COVID-19 on the demand for ExxonMobil's products has increased the urgency of the ongoing efficiency work." The company had about 88,000 workers at the end of 2019, including just under 75,000 employees and around 13,300 contract workers, an ExxonMobil spokesman said.

 

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