06:48 AM EDT, 09/30/2025 (MT Newswires) -- Exxon Mobil ( XOM ) plans to cut about 2,000 jobs worldwide as it consolidates smaller offices into larger regional hubs, part of a broader effort to boost efficiency and streamline operations, Bloomberg reported Tuesday, citing an internal memo from CEO Darren Woods.

The report stated that the job cuts represent approximately 3% to 4% of its global workforce.

In a memo to employees, Woods said the move is part of a long-term effort to improve competitiveness, calling the cuts 'tough decisions' to keep Exxon ahead of its rivals, according to Bloomberg.

The company did not immediately respond to a request for comment from MT Newswires.