Exxon Mobil Corporation (XOM) to Cut 10% of Its Singaporean Personnel by the End of 2027

Group 1 - Exxon Mobil Corporation plans to cut 10% of its personnel in Singapore by the end of 2027 as part of a larger restructuring initiative, resulting in approximately 2,000 job losses globally, which represents about 3% to 4% of its total workforce [2][4] - The layoffs in Singapore may affect around 500 jobs, with the company employing about 3,500 people in the region [3] - The restructuring aims to enhance competitiveness and align operations with long-term growth objectives, with notifications to affected employees expected by December [4] Group 2 - Exxon Mobil Corporation is recognized as one of the safest stocks to invest in, supported by hedge fund interest and a significant return on equity [1][5]