Exxon Mobil Plans to Lay Off 2,000 Employees

Major Layoff Decision from Exxon Mobil

US-based energy giant Exxon Mobil plans to lay off approximately 2,000 employees worldwide by consolidating its smaller offices as part of its long-term restructuring plans. This measure is stated as part of the company's efforts to increase efficiency.

Details of the Job Cuts

The company's CEO, Darren Woods, announced in a message sent to employees on Tuesday that this employment cut represents approximately 3-4 percent of Exxon's global workforce.

Calgary-based Imperial Oil, in which Exxon holds a 70% stake, announced just one day earlier that it would reduce its workforce by approximately 20 percent.

Restructuring Process

Since 2019, under Woods' leadership, Exxon has been focusing on simplifying its global structure, which became complex after the Mobil merger.

Woods stated that they have made difficult decisions to increase competitiveness within this framework, saying, “What we announced today will strengthen our advantages and help us maintain our leadership by widening the gap with our competitors.”

Future Projections

According to Exxon's reports, it will have 61,000 employees worldwide in 2024. This figure represents an employment level 20 percent lower than in 2019. Imperial Oil, on the other hand, plans to have 5,100 employees in 2024.

Other major oil companies, such as Chevron, ConocoPhillips, and BP, have also had to lay off thousands of workers recently due to the decline in oil prices.