Exxon faces questions over layoff plans

Exxon faces questions over layoff plans

Exxon Mobil Corp. has not yet provided details on what positions may be cut or when, after reports surfaced about potential layoffs. As per many media reports, Darren Woods, chairman and CEO, Exxon, had previously signalled that job reductions were likely under Exxon’s ongoing plan to “redesign work processes and improve cost competitiveness.” *In 2020*, Woods acknowledged that the strategy would result in colleagues leaving the company, but emp…