Exxon Mobil has issued layoff notices to 59 employees as part of a workforce adjustment after its $60 billion acquisition of Pioneer Natural Resources. This move comes despite ExxonMobil offering positions to over 1,500 Pioneer employees as part of the merger, highlighting a strategic reshuffling within the newly combined entity. The filing with the Texas Workforce Commission details that the layoffs impact different locations previously associated with Pioneer operations.
According to the layoff notice, 39 of the affected positions are based in Las Colinas, Irving, Texas, formerly the headquarters of Pioneer Natural Resources. The notifications also include 18 roles in Midland and two in the Concho Valley, both situated in the Permian Basin of West Texas. ExxonMobil has clarified that the employees who received these notifications were either offered transition roles within the company or had declined offers to join ExxonMobil post-merger.
The merger consolidates Pioneer’s substantial 850,000 net acres in the Midland Basin with ExxonMobil’s existing 570,000 net acres in the Delaware and Midland Basins. This strategic acquisition significantly expands ExxonMobil’s footprint in the Permian Basin, a key oil-producing region. While the majority of Pioneer’s approximately 2,200 employees have been integrated into ExxonMobil, these targeted layoffs represent a streamlining of operations as the two companies merge, showcasing ExxonMobil’s approach to Pioneer The Layoff where necessary for strategic alignment post-acquisition.
