Exxon Set to Slash Jobs at Pioneer Natural Resources by 20% ...Middle East

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…

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