Dean Mouhtaropoulos/Getty ImagesExxon warned last week that there's "significant potential" for additional spending reductions, which could include job cuts. "The company is undertaking a comprehensive look at additional cost reductions, based on long-term structural efficiencies, reduced activity, and an evaluation of workforce requirements," Exxon said in a statement to Business Insider.
"The company is undertaking a comprehensive look at additional cost reductions, based on long-term structural efficiencies, reduced activity, and an evaluation of workforce requirements," Exxon said in a statement to Business Insider. "We do see the potential for further reductions, including in overhead and management positions."The warning comes after Exxon, headquartered in Irving, Texas, began shrinking its workforce through its annual performance review cycle, .
Exxon, like other oil giants, has been losing money in the wake of the oil market collapse. On Friday, the company reported a $1.1 billion loss for the second quarter, citing "global oversupply and COVID-related demand impacts." On Friday, Chapman said there's "significant potential for additional reductions," which include job cuts.
See this why I say that oil field shit for somebody else like your job can be lost by shit you don’t even cause
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Salaries for workers at BP, Exxon, Shell, Chevron, other oil giants - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
How business owners can cut costs and prepare their companies for an uncertain future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
The perfect sample resume for anyone looking for a new job - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Starbucks barista: What my job is like during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Basically any customer service job is like a social experiment.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »