ExxonMobil to lay off 1,900 jobs, mostly at Houston offices

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Thursday, October 29, 2020
ExxonMobil to lay off 1,900 jobs, mostly at Houston offices
The pains of the pandemic have impacted oil giant ExxonMobil, and Houston will primarily feel the effect, as the video above explains.

IRVING, Texas (KTRK) -- ExxonMobil's Houston management offices will be primarily impacted by job cuts that the oil giant announced Thursday.

In a news release, the company said it anticipates about 1,900 workers will be affected by the workforce reduction through "voluntary and involuntary programs."

As has been with similar energy companies as of late, the Irving-based company cites the pandemic's impact on its efforts to "improve efficiency and reduce costs."

"The company recognizes these decisions will impact employees and their families and has put these programs in place only after comprehensive evaluation and thoughtful deliberation," the company concluded in its release. "Employees who are separated through involuntary programs will be provided with support, including severance and outplacement services."


1,000 employees laid off at Halliburton headquarters

The economic impact of the pandemic once against hits Houston with a new round of layoffs.

Earlier this month, the company announced reductions of 1,600 positions across its European affiliates.

As of 2019, the Irving-based company has employed about 74,900 workers.

Just six years ago, ExxonMobil opened a state-of-the art campus in Spring, just off I-45 and the Hardy Toll Road, that houses four of its offshoot companies.

In addition, the company holds a Baytown complex, which it touts as one of the "largest integrated and most technologically advanced refining and petrochemical complexes in the world."

As of mid-morning Thursday, ExxonMobil has been trading up at just $32.46 a share.


Got laid off? What experts say you should be doing right now

Front and center of the economic impact is the life-blood of Houston's economy: the energy industry.

Schlumberger slashes 21,000 jobs amid pandemic oil rout

Watch the video above for an experts outlook on the timing of Houston's job recovery following COVID-19.