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Saudi Aramco Slashes Hundreds of Jobs After Slump in Oil Prices

  • The company is said to have informed staff of cuts this week
  • Aramco completed $69.1 billion takeover of Sabic this week
Exclusive: Inside Look At The Saudi Aramco Oil Company

Photographer: Simon Dawson/Bloomberg

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Saudi Aramco, the world’s biggest oil exporter, has begun cutting hundreds of jobs as it looks to reduce costs after a slump in energy prices, according to people familiar with the matter.