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Exxon Mobil Reduces Staff After Pioneer Merger: Report

Exxon Mobil Corporation (NYSE:XOM) shares are trading lower premarket Tuesday. The company reportedly issued layoff notices to 59 employees as part of a workforce restructure following its $60 billion acquisition of Pioneer Natural Resources. Exxon said it offered jobs to over 1,500 of Pioneer’s roughly 2,200 employees as part of the merger, reported Reuters. The layoff notices include 39 workers from Las Colinas, the former headquarters of ...