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 job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce. “I wish I could say we were finished, but we are not. We still have some significant headwinds, more work to do and, unfortunately, further reductions are necessary,” he said in the email.
Woods said the demand loss is five times the decline of the 2008 financial crisis, but “industry under-investment today will increase the need for our products in the near future.”
Bless their hearts
Ground Zero 1996 at Southwark Playhouse. Press releases for the production were sent to The Guardian and other media....
Because they couldn't handle the trillions of dollars they made before the pandemic responsibly enough to see them through one bad year? They can't just deal with it until everything returns to normal? How many executives are making hundreds of millions?
But we're going to wait until after the election so as not to upset our guy, or further hurt his chances of being able to continue to line our pockets.
Knew that was coming...
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