ExxonMobil's acquisition of Pioneer Natural Resources results in nearly 400 job losses, despite offering roles to over 1,900 employees.

ExxonMobil plans to cut 400 jobs post-acquisition of Pioneer Natural Resources, with layoffs continuing until May 2026.

Exxon will reduce the headcount at Pioneer Natural Resources by some 397 over the next two years, reducing the number of employees by 20%. The move follows Exxon’s megadeal for the acquisition of Pioneer, which had a final price tag of around $62 billion.

ExxonMobil will lay off nearly 400 employees from Pioneer Natural Resources following its $63 billion acquisition.

Spring-based Exxon Mobil Corp. (NYSE: XOM) is laying off 397 Texas employees as a result of its $59.5 billion acquisition of Pioneer Natural Resources, the company said in a Worke

According to the company, the impacted workers were offered "transition roles." Layoffs will begin on Dec. 31, 2024, and extent through 2026.

The company plans to cut 376 jobs in Irving and 18 in Midland. Credit: rarrarorro/Shutterstock. ExxonMobil will reduce its workforce in Texas by nearly 400 positions following its acquisition of shale producer Pioneer Natural Resources,

ExxonMobil is laying off nearly 400 employees in Texas after it bought Irving-based Pioneer Natural Resources in a $59.5 billion deal earlier this year, filings with the Texas Workforce Commission show.