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12/11/2020, 7:42 PM (Source: TeleTrader)
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Exxon to cut over 700 jobs in Texas

Exxon Mobil Corporation will cut over 700 jobs in the Houston area, the oil giant said in a notice sent to the Texas Workforce Commission.

According to the company, the layoffs will take place in February and will affect 723 workers.

The job cuts are a part of Exxon's earlier announced plans to lay off around 1,900 employees in the United States in an effort to improve efficiency and reduce costs.

Breaking the News / NP