⁍ An estimated 14,000 employees globally, or 15%, could lose jobs.

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⁍ The company lost nearly $1.7 billion in the first six months of the year.

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⁍ Chevron Corp’s planned cuts of 10%-15% would imply a reduction of between 4,500 and 6,750 jobs.

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– Exxon Mobil will lay off about 1,900 employees in the US as part of a global plan to cut 14,000 jobs, 15% of its global workforce. The layoffs will come mostly from the company’s Houston office and will include voluntary and involuntary cuts, Reuters reports. “The impact of COVID-19 on the demand for Exxon Mobil’s products has increased the urgency of the ongoing efficiency work,” the company said in a statement. Exxon was once the largest US publicly traded company, but has been slashing costs due to a collapse in oil demand and ill-timed bets on new oilfields and expansions. It has promised to shed more than $10 billion this year in project spending and cut operating expenses 15%. An estimated 14,000 employees globally, or 15%, could lose jobs, including contractors. The cuts would include everything from layoffs to retirements or performance-based exits. Exxon had about 88,300 workers last year, including 13,300 contractors. ‘We are not targeting a headcount reduction percentage,’ Norton said, adding that the ‘end result’ of its country-by-country reviews ‘may be close to 15% of our global workforce.’ The company lost nearly $1.7 billion in the first six months of the year and is expected to post another quarterly loss on Friday.