Some people familiar with the matter said that ExxonMobil Corp. is planning to cut jobs in the US on performance-based evaluations in line with the company’s plan to be more efficient in its organizational structure.
The sources said that the subject to performance evaluations could have to leave office after the review this year. It is not characterized as lay-offs, the people underlined. Not all workers are subject to the evaluations as it mostly would apply to the white-collar positions including engineering, finance, and project management.
Exxon itself had stated that there would be no specific target in the employee cuts.
Further, CEO Darren Woods said that the company is reducing its number of contractors and the latest annual reviews would follow a full year after Exxon reorganized the upstream division to integrate it better with other parts of the business and increase the accountability for decision-making.
The slump in crude demand has been hitting Exxon, forcing it to step back from some of its plans for growth and cut the global capital spending by USD10 billion, or a third.
At the end of last year, the company has around 74,900 people globally, up from 69,600 in the previous two years.
