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Exxon Mobil to cut 2,000 jobs amid restructuring, Bloomberg News reports
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Exxon Mobil to cut 2,000 jobs amid restructuring, Bloomberg News reports
Sep 30, 2025 3:50 AM

Sept 30 (Reuters) - U.S. energy major Exxon Mobil ( XOM )

will lay off 2,000 workers globally as part of a

long-term restructuring plan, Bloomberg News reported on

Tuesday, citing a memo.

The reductions represent about 3% to 4% of Exxon's global

workforce, the Bloomberg report said.

Exxon did not immediately respond to a Reuters request for

comment.

Global energy companies have announced thousands of job cuts

this year, as the industry navigates weaker crude oil prices and

a rapid consolidation.

On Monday, Canadian shale producer Imperial Oil ( IMO ), in

which Exxon is a major shareholder, announced plans to cut 20%

of its workforce and shutter business in Calgary.

Exxon employed 61,000 people globally at the end of 2024,

according to a regulatory filing.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Mrigank Dhaniwala and Sriraj Kalluvila)

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