Exxon Mobil to cut 1,900 jobs as Covid-19 hits oil prices

Exxon Mobil

The Exxon Mobil Corporation said on Thursday that it plans to cut around 1,900 jobs in the United States.

This decision, it described “as part of an extensive global review.”

The company stated that the ongoing reorganizations are being made in order to improve efficiency and reduce costs.

It also said the new measures will primarily impact its management offices in Houston, Texas.

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“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 oil giant said in a statement.