FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon Mobil is slashing 1,900 jobs from its U.S. workforce as the pandemic continues to sap demand for fuel. The Irving, Texas-based oil giant said on Thursday, Oct. 29, 2020, the reductions will be both voluntary and involuntary and will largely come from its management offices in Houston.
Exxon said Thursday the reductions will be both voluntary and involuntary and will largely come from its management offices in Houston. The Irving, Texas oil giant had about 75,000 employees worldwide at the end of 2019. In a meeting with employees last week, Woods said the company is exceeding the spending reductions it announced in March, deferring more than $10 billion in capital expenses and cutting 15% of cash operating expenses. The company recently announced it would cut about 1,600 jobs in Europe and it began a voluntary staff reduction program in Australia. It is also evaluating potential job cuts in Canada.
We are in a major depression who needs the stuff
There will be a lot more jobs in our oil industry cut if Biden is elected. This will be to the benefit of profits for energy rich nations like Russia an Iran.
Biden hasn’t even got there yet. So tell me again how he’s going to kill the oil and gas industry?🤔. Trump is doing that.
exxonmobil Chevron what did you do w/ the billion$ and billion$ of $$ you were making every quarter not too long ago? Did you not save it and invest it for a rainy day to protect your workers when the inevitable day would come of a slow down? Oh I forgot, u pocketed it!
The Biden economics is already starting in full swing. This is what is to happen when you want to raise taxes as much as Biden wants too.
realDonaldTrump it’s happening
Damn
as long as the ceo s keep making their billions they don't care about their workers.
how's Trump gonna spin this?
Everyone who’s worried Biden is going to end oil and gas. Ha! Jokes on you, realDonaldTrump is all but killed it. Most of the Texas industry people are on unemployment. Now this! 🙄
Just when you think Exxon (XOM) stock is a buy, company says🖕🏽
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »