{"id":381386,"date":"2020-10-31T09:02:23","date_gmt":"2020-10-31T03:32:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381386"},"modified":"2020-10-31T09:50:30","modified_gmt":"2020-10-31T04:20:30","slug":"exxon-to-cut-14000-jobs-as-coronavirus-pandemic-dents-oil-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-to-cut-14000-jobs-as-coronavirus-pandemic-dents-oil-demand\/","title":{"rendered":"Exxon to cut 14,000 jobs as coronavirus pandemic dents oil demand"},"content":{"rendered":"<p>(Reuters) &#8211; Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.<\/p>\n<p>Exxon and other oil producers have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects. The top U.S. oil company earlier outlined more than $10 billion in budget cuts this year. [nL1N2HK2P2]<\/p>\n<p>&#8220;The impact of COVID-19 on the demand for Exxon Mobil&#8217;s products has increased the urgency of the ongoing efficiency work,&#8221; the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects. The top U.S. oil company earlier outlined more than $10 billion in budget cuts this year. [nL1N2HK2P2] &#8220;The impact of COVID-19 on the demand for Exxon Mobil&#8217;s products has increased the urgency of the ongoing efficiency work,&#8221; the company said in a statement.<\/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-381386","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\/381386","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=381386"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381386\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}