Business Insider Exxon Layoffs

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Business insider exxon layoffs. In october the irving texas based energy giant announced it expected to cut about 1 900 u s. Xom has disclosed more details about its layoff plans in the houston area. In the statement friday alemayehu said that exxon currently has no plans for layoffs.

Avoiding layoffs is part of exxon s brand and pitch to prospective employees according to documents seen by business insider and two workers with direct knowledge of the hiring process. Topline with the pandemic hitting the oil industry hard former employees allege that exxonmobil changed its employee review process in april to let workers go without relying on traditional. Exxonmobil corporation is a large multinational oil and gas corporation headquartered in irving tx.

In 2016 the company had revenues exceeding 200 billion usd. Boston houston reuters exxon mobil corp a giant of the energy world and once the world s most valuable company is being pressured by a small investment company whose campaign for spending. Business insider has verified their identities.

Two former employees said the change in the review process which will lead to more performance based cuts amounts to layoffs by another name. Exxon could soon announce us layoffs in an internal forum wednesday exxon s ceo darren woods said he s meeting with the company s board next week and exxon will let employees in north america. Exxon s pitch to prospective workers is that it s a stable giant within an industry prone to swings.

The cuts include both contractors and. Part of that pitch is that it doesn t do layoffs. As business insider first reported exxon is slashing its global workforce by 15 or 14 000 people through 2022 relative to the company s headcount in 2019.