Exxon Mobil (XOM) plans to cut about 2,000 jobs globally as the company consolidates smaller offices into regional hubs as part of its long-term restructuring plan, Bloomberg’s Kevin Crowley and Robert Tuttle report. According to a memo to employees from CEO Darren Woods, the cuts represent about 3%-4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive. Exxon is making “tough decisions” that build upon a years-long effort to improve competitiveness, Woods said in the memo. “The changes we’ve announced today will further strengthen our advantages and grow the gap with our competition, helping to keep us in the lead for decades to come,” he said. Imperial Oil (IMO), which is nearly 70% owned by Exxon, announced Monday it is cutting 20% of its workforce.
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