Exxon Mobil to Cut 1,900 U.S. Jobs as Covid-19 Hits Oil Prices
Exxon Mobil said Thursday it was eliminating 1,900 U.S. jobs as part of a cost-cutting drive necessitated in part by the hit the Covid-19 pandemic inflicted on oil prices.
The U.S. oil giant said the job cuts would primarily impact management staff in Houston, through a mix off of voluntary programs and involuntary layoffs.
U.S. oil prices currently traded below $40 a barrel, more than $15 a barrel under the level a year ago.
Source: Agence France Presse
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