Your Evening Briefing: Exxon to Start Slashing Its U.S. Office Workforce
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Exxon is still reeling from the fallout of last month’s annual meeting, when shareholders rebuffed management and replaced a quarter of the company’s board over climate and financial concerns.
Photographer: Callaghan O’Hare/Bloomberg
Exxon Mobil is preparing to cut U.S. office staff by between 5% and 10% annually for the next three to five years. The plan is separate from the fossil fuel giant’s announcement last year that it will slash 14,000 jobs worldwide by 2022. Under constant pressure tied to the climate crisis and Big Oil’s leading role in it, Exxon is still reeling from the fallout of last month’s annual meeting when shareholders rebuffed management and replaced a quarter of the company’s board over climate and financial concerns. —David E. Rovella
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