ExxonMobil Corp. has announced significant plans for its Singapore operations, which include staff cuts and a relocation of its office. The company expects to reduce its number of employees here by 10 to 15% by the end of 2027.
Since ExxonMobil currently has about 3,500 people on its payroll in Singapore, this means the expected cuts could affect up to 500 workers.
This news comes as part of a larger, global restructuring plan by the US energy giant, which has already announced thousands of layoffs worldwide, particularly in countries such as Canada and the European Union.
Why ExxonMobil is Making Changes
The company says these changes are necessary to keep up with the changing industry and stay competitive. In an email statement, Exxon Singapore explained its main goal:
“We are making changes to how we work so we can improve our competitiveness in an ever-evolving landscape and position the business for future success.”
The cuts are specifically aimed at reshaping and restructuring the organization, mostly affecting office-based staff.
They also confirmed the job cut timeline, though they mentioned that the exact details are still being worked out:
“While detailed planning is still underway and organisational design is not yet complete, we anticipate this will result in estimated employee redundancies of 10 per cent -15 per cent by year-end 2027.”
Moving Out of Downtown
Another major change is where the staff will be working.
- The Plan: By the end of 2027, all employees currently based at the HarbourFront offices will move to new, larger facilities at the Jurong Refinery site on Pioneer Road.
- The Reason: ExxonMobil stated they are making this move because they “We’ve seen the value of bringing people together in the same location.”
The company believes that these two major changes—the job cuts and the office move—are designed to
