Business Insider Exxonmobil Layoff

The cuts include both contractors and.

Business insider exxonmobil layoff. However business insider cited two unnamed former employees as saying the change to the review process which will likely lead to more performance based cuts is a way of terminating employees without announcing layoffs. In october the irving texas based energy giant announced it expected to cut about 1 900 u s. 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.

In 2016 the company had revenues exceeding 200 billion usd. According to fox business exxonmobil has already declared a voluntary lay off program in australia. Oil giant exxon mobil challenged by a collapse in oil prices made changes to the way it assesses employee performance in order to cut more workers without using traditional layoffs according to former employees and documents seen by business insider.

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 through the new review categorised its employees based on their performance and employees at the lowest rank needs. Exxon categorizes its employees based on their performance according to the documents and two former workers.

As of 2016 exxonmobil is the largest of the world s big oil companies. Exxonmobil corporation is a large multinational oil and gas corporation headquartered in irving tx. Business insider previously reported exxon beefed up its performance based cuts this summer leading to the forced departure of 8 to 10 of the company s us salaried workforce according to more.

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.