Exxon Mobil Corp is"very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday.
The second-largest U.S. oil company by market value lost nearly US$1.7 billion in the first six months and is expected to post another quarterly loss when results are released on Oct. 30.The job cuts are part of a plan unveiled earlier this year to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce.
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