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Exxon announces 1,900 layoffs, specifically affecting management offices in Houston

Posted at 11:13 AM, Oct 29, 2020
and last updated 2020-10-29 12:15:08-04

HOUSTON — Exxon announced on Thursday that it will layoff 1,900 employees in the United States.

They said the cuts will come primarily out of its management offices in Houston.

They released the following in a press release:

The workforce reductions are the result of ongoing reorganizations and work-process changes that have been made over the past several years to improve efficiency and reduce costs. These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions. The impact of COVID-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work.

The company recognizes these decisions will impact employees and their families and has put these programs in place only after comprehensive evaluation and thoughtful deliberation. Employees who are separated through involuntary programs will be provided with support, including severance and outplacement services.