ExxonMobil announced that it will start cutting thousands of jobs to cut costs and counter the effects of the Corona pandemic.
According to Arabnet, the company's global workforce will be cut by 15% by the end of 2021, according to what the company announced after the US stock market closed.
and at the end of last year Exxon had 88,000 employees, including freelancers, which means that well over 10,000 jobs are likely to be cut. / p>
In the last quarter, expenditures of between $ 17 billion and $ 20 billion in natural gas stations will be cut.
investments in equipment, exploration and production projects will also be reduced, and investments will be at their lowest level in 15 years in 2021.
Exxon is suffering badly from the consequences of the pandemic that has severely weakened global demand for oil and gas.
