{"id":381375,"date":"2020-10-31T08:54:26","date_gmt":"2020-10-31T03:24:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381375"},"modified":"2020-10-31T09:32:07","modified_gmt":"2020-10-31T04:02:07","slug":"exxon-to-cut-14000-jobs-including-1900-in-us-as-covid-19-hurts-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-to-cut-14000-jobs-including-1900-in-us-as-covid-19-hurts-demand\/","title":{"rendered":"Exxon to cut 14,000 jobs, including 1,900 in US, as Covid-19 hurts demand"},"content":{"rendered":"<p>Exxon Mobil Corp said on Thursday it could cut the number of global employees by 15% and would lay off about 1,900 employees in the United States as the COVID-19 pandemic batters energy demand and prices.<\/p>\n<p>Exxon was once the largest U.S. publicly traded company, but has been slashing costs due to a collapse in oil demand and ill-timed bets on new oilfields and expansions. It has promised to shed more than $10 billion this year in project spending and cut operating expenses 15%.<\/p>\n<p>An estimated 14,000 employees globally, or 15%, could lose jobs, including contractors, spokesman Casey Norton said. The cuts would include everything from layoffs to retirements or performance-based exits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp said on Thursday it could cut the number of global employees by 15% and would lay off about 1,900 employees in the United States as the COVID-19 pandemic batters energy demand and prices. Exxon was once the largest U.S. publicly traded company, but has been slashing costs due to a collapse in oil demand and ill-timed bets on new oilfields and expansions. It has promised to shed more than $10 billion this year in project spending and cut operating expenses 15%. An estimated 14,000 employees globally, or 15%, could lose jobs, including contractors, spokesman Casey Norton said. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-381375","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381375"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381375\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}