Exxon Mobil layoffs, on the record
Every job cut, severance charge and restructuring Exxon Mobil reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from 62.3 to 57.9.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | 62.3 | — |
| 10-K for 2023 | 61.5 | year-end |
| 10-K for 2024 | 60.9 | — |
| 10-K for 2025 | 57.9 | — |
Job cuts, severance and restructuring
Our summaryDuring 2020 the company reviewed staffing levels worldwide and began targeted workforce reductions in a number of countries to improve efficiency and cut costs.
Word for word“Restructuring. During 2020, ExxonMobil conducted an extensive global review of staffing levels and subsequently commenced targeted workforce reductions within a number of countries to improve efficiency and reduce costs.” 10-K for 2022
Our summaryThe company reports estimated cumulative annual structural cost savings relative to 2019, which it says come partly from workforce reductions.
Word for word“Relative to 2019, estimated cumulative annual structural cost savings totaled $7 billion.” 10-K for 2022
Our summaryThe company reports structural cost savings versus 2019 levels, partly from workforce reductions and other efficiency measures.
Word for word“Relative to 2019, estimated cumulative structural cost savings totaled $9.7 billion.” 10-K for 2023
Our summaryThe company recorded restructuring charges in its Corporate and Financing results for 2025, with none in 2024 or 2023.
Word for word“Corporate Total (millions of dollars) 2025 2024 2023 Net income (loss) attributable to ExxonMobil (U.S. GAAP) 28,844 33,680 36,010 Impairments (1,855) (608) (3,040) Gain/(loss) on sale of assets 720 415 305 Tax-related items 288 409 348 Restructuring charges (419) — — Other — — (175) Identified Items (1,265) 216 (2,562) Earnings (loss) excluding Identified Items (Non-GAAP) 30,109 33,464 38,572 References in this discussion to Corporate earnings (loss) mean net income (loss) attributable to ExxonMobil (U.S. GAAP) from the Consolidated Statement of Income.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-12-31 | $450 million | $47 million |
| 2021-12-31 | $58 million | $384 million |
| 2022-12-31 | $0 | — |
Exxon Mobil has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Exxon Mobil’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.