ExxonMobil plans to cut 2,000 jobs globally, consolidating offices into regional hubs. Other oil giants like Chevron and bp have also made significant layoffs due to low crude prices. CEO Darren Woods aims to increase cost savings by 30% before 2030, with the restructuring expected to save $108m annually.

Read more at Yahoo Finance: ExxonMobil to axe 2,000 jobs worldwide