Does it just seem to me or is Exxon actually testing how few people it can work with? Otherwise, there would be no layoffs and there would be a chance for jobs to come back, since oil prices hit pre-pandemic levels of 60 a barrel?
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For workforce reductions less than 10%, which cut are you referring to, the one the end of January, in December, or back in July?
EM has dramatically cut spending, is aggressively marketing marginal assets, and is refocusing on a small number of mega-projects. Fewer projects = fewer people. Not a difficult concept.
And workforce reductions are still below 10%. Terrible if it affects you, but not an anomaly during a turndown. Many have lived through much more severe cuts. Keep it in perspective.