North America's largest oil exploration company plans to cut 14000 jobs worldwide or be affected

SMM: it is reported that by 2022, ExxonMobil (Exxon Mobil Corp.), the largest oil exploration company in North America, will cut its workforce by 15% worldwide. It is reported that the layoffs will affect about 14000 people, including employees and contract workers.

Other oil majors are also cutting jobs as a result of falling demand triggered by the epidemic, such as, BP Plc plans to cut 10000 jobs, Shell will cut 9000 jobs, and Chevron announced about 6000 layoffs.

ExxonMobil had 74900 internal employees as of December 31, according to data compiled by Bloomberg.