Exxon to Cut 2,000 Workers as Oil Sector Job Losses Mount (1)

Exxon Mobil Corp. plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term restructuring plan.

The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday. About half will be in the Europe and most of rest in Canada at Calgary-based Imperial Oil Ltd., which is nearly 70% owned by Exxon.

Chevron Corp., ConocoPhillips and BP Plc are among major oil companies to have ...