NewStats: 3,265,174 , 8,185,899 topics. Date: Friday, 13 June 2025 at 06:31 PM 29s59

As the Coronavirus (COVID-19) pandemic hits global crude oil demand, a fresh indication has emerged that, no fewer than 14, 000 staff of ExxonMobil will lose their jobs.

This is coming as the corporation disclosed plans to cut its global workforce by 15% in the next two years.

According to ExxonMobil spokesman, Casey Norton, the total reduction means the company will reduce its workforce by about 14,000 people, split between employees and contractors from year-end 2019 levels. The cuts will come through attrition, targeted redundancy programs in 2021, and scaled-back hiring in some countries.

Exxon Mobil along with other oil producers have been cutting costs due to a collapse in oil demand and prices, as well as untimely stalk on new projects.

Nigeria is one of ExxonMobil biggest operational bases in oil and gas exploration and production globally.

This development will be another setback for the industry, after Shell announced 9,000 job cuts globally, which includes Nigeria, and the announcement by Chevron that it plans to reduce its staff strength in Nigeria by 25 per cent.

BP Plc plans to slash 10,000 jobs, and Chevron Corp. has announced around 6,000 reductions.

However, while making the announcement in a statement, the company disclosed that, the highest job cut will come from its headquarters in Houston.

A breakdown of the development include 1,900 U.S. jobs majorly at Houston, the headquarters for its US oil and gas businesses.

There will be layoffs previously announced in Europe and Australia and reductions in the number of contractors, some of which have already taken place.

The staff reduction is part of the latest effort by the Chief Executive Officer, Darren Woods, to curtail spending and halt the worst string of quarterly losses since Exxon assumed its modern form with the 1999 takeover of Mobil Corp.

According to the statement, “These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions.’’

https://www.vanguardngr.com/2020/10/dwindling-oil-demand-14000-exxonmobil-staff-to-lose-jobs/

With our level of unemployment they still want to add to it.......Why not cut salaries and still retain them......this whole thing is becoming scary oh.

Say it ain’t so!
Well buhari has 30k npower waiting for them, or 100k MSME( didn’t mean this but hey whatever) ....

BigSarah:
Say it ain’t so!
Well buhari has 30k npower waiting for them, or 100k MSME ....

Those staffers would never come down to your level.

this one is covid 19 effect!

God help us

Bubu has tradermoni, farmer moni and npower for them. They should enrol

Which way najia

Warri don dry since, NNPC, shell don waka since

What a year..God Punish Buhari and Dr Fauci

This can't be in Nigeria alone

BigSarah:
Say it ain’t so!
Well buhari has 30k npower waiting for them, or 100k MSME ....

This is vile. Their pension can't be lesser than 300k monthly even with early retirement/job loss.

Don't hate for nothing

ecolime:

This is vile. Their pension can't be lesser than 300k monthly even with early retirement/job loss.

Don't hate for nothing

With millions as pay off, ground go full ooo

Mheen

G

Bye Bye Niggarian...it's over!

[img]https://media./images/af8f215f132e1351354b730fdd843c78/tenor.gif[/img]

Haba....

[img]https://media./images/52c1f997ad113fed1e9b0af0653403d9/tenor.gif[/img]

Babe...It's over!

[img]https://media./images/7680304bb26d9900873147d34e098dc1/tenor.gif[/img]

Oh please,...

Only the southerners among them will lose their jobs..

So Johnson will be coming to the village any moment from now? Nothing last forever, we wait to laugh soon!

Dwindling Oil Demand



NIGERIA IS IN TROUBLE

Good for you guys. I have looked for job 10yrs of graduation no success. After that Ngozi Okonjo Iwuala will follow

Okay. Next

Sparogatively, forget COVID and Oil demand!
Nigeria is experiencing what is known as...

...The Buhari Effect

If you reside in the ZoneB region why not migrate and us in ZoneA today?

Mentally Lazy "yoots" have read headlines as usual and writing gibberish as usual.

Wow

Dem better go learn how to install solar

E concern Una.

Good. They should have a feeling of what unemployed Nigerians have been experiencing. By the way, oil workers are egoistic. I used to have about 3 as neighbours back in those days, and their pompous attitude was out of this world.