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Exxon Prepares to Make Job Cuts Across Oil Giant’s U.S. Offices

  • U.S. white collar employees may get cut after annual reviews
  • Rival oil majors Chevron, BP have announced large reductions
Exxon
Photographer: F. Carter Smith/Bloomberg

Exxon Mobil Corp. is preparing to cut jobs in the U.S. as the oil giant focuses on a slimmed-down and more efficient organizational structure, according to people familiar with the matter.

Between 5% and 10% of U.S.-based employees who are subject to performance evaluations could end up leaving this year after their assessments, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The cuts are expected to be performance-based and not characterized as layoffs -- and not all workers are subject to such evaluations, which typically apply to white-collar jobs such as engineering, finance and project management.