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Exxon to Lay Off 1,900 U.S. Employees as Pandemic Wreaks Havoc on Oil Demand

Exxon to Lay Off 1,900 U.S. Employees as Pandemic Wreaks Havoc on Oil Demand

Exxon Mobil Corp. said Thursday that it would lay off 1,900 employees in the U.S., becoming the latest major oil company to reduce its workforce as th

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Exxon Mobil Corp. said Thursday that it would lay off 1,900 employees in the U.S., becoming the latest major oil company to reduce its workforce as the coronavirus pandemic continues to batter the industry.

The struggling oil giant said most of the cuts would come from its management offices in Houston and that it expects the reductions will be both voluntary and involuntary. Exxon has said it is conducting a global review of its 74,000 employees and previously announced 1,600 layoffs in Europe and voluntary layoffs in Australia.

This post first appeared on wsj.com

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