ExxonMobil will reduce its workforce in Texas by nearly 400 positions following its acquisition of shale producer Pioneer Natural Resources, Reuters reported, citing a regulatory filing. The company is planning to eliminate 376 jobs in Irving and 18 in Midland.

Exxon Mobil will cut nearly 400 jobs in Texas following its purchase of shale producer Pioneer Natural Resources, according to a regulatory filing. The company will cut 376 jobs in Irving, Texas, and 18 workers in Midland,

More than 1,900 Pioneer employees were offered jobs as part of the merger, with "well over a majority" accepting offers, Exxon said in the letter. The "WARN Notice is being issued due to the number of employees that have either been offered transition roles or that have declined offers to join ExxonMobil,

Exxon Mobil (NYSE:XOM) expects to lay off 397 employees from Pioneer Natural Resources, according to a notice to the Texas Workforce Commission released on Wednesday, after purchasing the company for $63B earlier this year.