Exxon will reduce the headcount at Pioneer Natural Resources by some 397 over the next two years, reducing the number of employees by 20%. The move follows Exxon’s megadeal for the acquisition of Pioneer, which had a final price tag of around $62 billion. According to Bloomberg, most of the jobs to be axed are in Dallas and Midland, Exxon said in a notice submitted to the Texas Workforce Commission. “The success of this merger depends heavily on the retention of Pioneer’s talented workforce,” the supermajor wrote. “More…
Exxon Set to Slash Jobs at Pioneer Natural Resources by 20%
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