Business • Jobs & Careers

Exxon plans on cutting 14,000 jobs as s oil demand shrinks

Following a decrease in oil demand due to the Covid-19 pandemic, Exxon Mobil announced a global cut of its workforce by 15%. Around 14,000 jobs worldwide could be affected, including contractors.

Prior to the pandemic, Chief Executive Darren Woods pursued an ambitious spending plan to boost oil output in the belief a growing global middle class would demand more of its products.

co-founder of Pendect. Trying to protect free speech and democracies by creating a global news platform that is built through expert contribution. In love with vinyl, psytrance and penguins.
Card reviewed by: @ericof