Exxon to cut 14000 global workforce
In other unpleasant news, Exxon will be cutting about 15% of its workforce by 2022. Exxon is North America's biggest oil explorer.
“These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions,” the company said in a statement on Thursday. Among this 14000, 1900 jobs cut would be in the US, mostly in Huston. To read more on this, click here.
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