While ExxonMobil Corp. announced yesterday it would shed as much as 15% of its global workforce over the next year, it’s not clear whether the company’s Baton Rouge employees will be affected.
“The company plans to reduce staffing levels primarily at our offices in Houston, Texas,” ExxonMobil Baton Rouge spokeswoman Stephanie Cargile tells Daily Report, adding she will provide any updates regarding local impact as they become available.
Indeed, the oil giant has said most of the cuts to U.S. employees would come from its management offices in Houston, and that it expects the reductions will be both voluntary and involuntary. Overall, ExxonMobil anticipates it will eliminate around 14,000 positions, including 1,900 U.S. positions, through 2021.
The plans come as the company today posted a narrower-than-expected $680 million loss, or $0.15 per share, in its third quarter earnings report. Read ExxonMobil’s Q3 earnings report here.