Commodities and Futures News

Exxon lays off 59 workers, starts job cuts after Pioneer acquisition close

08/12/2024

Less than a minute

2024.08.12 18:06

By Sabrina Valle

HOUSTON (Reuters) -Exxon Mobil is laying off 59 employees, including 10 in the Permian Basin and 39 in Dallas, according to a filing with the Texas Workforce Commission.

© Reuters. FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

The layoffs include workers from Pioneer Natural Resources (NYSE:)’ former headquarters in Las Colinas, according to the filing.

Exxon (NYSE:), which closed the $60 billion acquisition in May, had said that the majority of Pioneer’s 2,200 employees would receive job offers. The company did not immediately comment on the reason for the job cuts.

08/12/2024

Less than a minute

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