ECONOMY CORPORATE MARKETS MONEY INDUSTRY TECH OPINION PHOTOS VIDEOS MAGAZINE Friday, December 11, 2020 | Updated 14:17 IST CORONAVIRUS VACCINE GOOGLE SBI INDIAN RAILWAYS INDIAN AR ChristMas Masaya, kayang-kaya Gawin All-in-ONEde ul ang handa gamit ang MAGGI Magic Sarap Christmas Value Pack. Buksan MAGGI® Home SECTORS Jobs Story Enter search keyword Coronavirus fallout: Saudi Aramco slashes hundreds of jobs amid drop in global oil demand One source estimated that 500 people had been laid off, adding that the job losses were mostly based on performance and similar actions took place each year Reuters | June 19, 2020 | Updated 12:23 IST ECONOMY IN NUMBERS GDP GROWTH JOBS GROWTH UNEMPLOYMENT INFLATION Story in Audio BUSINESS TODAY Aramco has more than 70,000 employees MORE FROM THE AUTHOR 'Avoid getting caught': Report details how Carlsberg, SABMiller, UB xed beer prices in India State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis. Like other top oil firms, Aramco has cut capital spending for 2020 after the pandemic brought an unprecedented drop in oil demand and hammered crude prices. Oil majors have cut workforces by 10% to 15% to cuts costs and as part of restructuring plans. Most of those who lost jobs at Aramco were foreigners, the sources said. One source estimated that 500 people had been laid off, adding that the job losses were mostly based on Airbnb's valuation performance and similar actions took Walmart place each year. Aramco Walmart to triple annual to export $10 crosses $100 billion in has more thanto70,000 employees. from India $10 billion of India-made biggest US IPO of 2020exports billion by 2027 goods each year by 2027 Ambani Vs Bezos Vs Walton This Issue | All Issues SUBSCRIBE NOW Available on : LATEST MUST READ TECH NEWS Bank share falls 4% IT,YES business services after four sessions market in India to reach $13 billion by 2020-end:… IDC

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