ExxonMobil Cutting 2,000 jobs in Canada and EU
ExxonMobil announced plans to cut 2,000 jobs globally—about 3% to 4% of its workforce—as part of a long-term restructuring initiative aimed at consolidating offices, increasing operational efficiency, and adapting to lower oil prices and the evolving energy sector.
ExxonMobil will lay off approximately 2,000 workers globally, primarily in Canada and across the European Union, as part of a long-term restructuring plan that will impact about 3% to 4% of the company's workforce.
About 1,200 positions will be cut in Norway and the EU by the end of 2027. Imperial Oil, Exxon's Canadian affiliate, will reduce employee roles by approximately 20% by the end of 2027. There are currently no cuts announced for the US, where Exxon is headquartered.
“Leveraging the rapidly advancing technology environment and the growth of global capability centres, this restructuring plan advances our long-standing strategy of maximizing the value of our existing assets,” said John Whelan, Imperial’s Chairman, President and CEO. “At the same time, these actions enhance our foundation for future growth and position us to continue delivering industry-leading returns and long-term value for our shareholders.”
