"Aramco is adapting to the highly complex and rapidly MARKETS MONEY INDUSTRY TECH OPINION PHOTOS changing business environment caused by the COVID-19 pandemic. We constantly review and revisit our operating expenditures where necessary to continue driving operational excellence and profitability," Aramco said in a statement. ECONOMY CORPORATE VIDEOS "We are not providing information regarding the details of any action at this time, but all our actions are designed to provide us more agility, resilience and competitiveness, with a focus on long-term growth," it said. Bloomberg was first to report the job cuts. MAGAZINE New Wage Code: How your salary structure will change Russia alleges West campaigning to malign its COVID-19 vaccine Sputnik V 'Avoid getting caught': Report details how Carlsberg, SABMiller, UB xed beer prices in India Qatar Petroleum, one of the world's biggest energy companies, has also laid off foreigners and cut its spending plans to cope with the slump in oil and gas demand which has hit global economies, industry sources have told Reuters. Kuwait, a key Gulf oil producer, plans to stop hiring foreigners for its oil sector for a year, the Kuwaiti oil minister said this month. Nearly 50% employers switch to virtual hiring amid COVID-19 pandemic MORE Getting this Treasure is impossible! Prove us wrong Hero Wars This Egyptian model landed in jail for Pyramid photoshoot Also read: Coronavirus effect: Moody's changes Tata Motors' outlook to negative, downgrades rating I agree to receive newsletters SUBSCRIBE Like Share Tweet 0 Share 20 Car Concepts That Were Way Too Good To Be True Cleverst DO YOU LIKE THIS STORY? 0 Story in Audio Gadgetheory This stock held by Rakesh Jhunjhunwala has tripled investors' wealth in eight months Get Daily Newsletter Enter your email Couple Adopts Pregnant Dog & This Is What She Was Hiding Rakesh Jhunjhunwala buys 10 lakh shares of this rm, stock rises 7.5% PRINT COMMENT These Gigantic Animals Actually Do Exist Articles Skill Tags: Coronavirus | COVID-19 Pandemic | Coronavirus Fallout | Saudi Aramco | Saudi Aramco Tamil TV star VJ Chithra dies by suicide Jobs | Saudi Aramco Layoffs | Saudi Aramco Job Cuts | Global Oil Demand | Global Oil Demand Drop | Oil Firms | Qatar Petroleum | Key Gulf Oil Producers Previous Story Coronavirus effect: HSBC to axe around 35,000 jobs Next Story Enough liquidity in system, says SBI chief Rajnish Kumar The Secret To Saving Electricity Bills Up To 75%! EnergySaver - Save Up To 75%! Salman Khan's 'Bajrangi Bhaijaan' co-star Harshaali Malhotra is all grown up; stuns fans with Diwali pics Promoted Links by Taboola A COMMENT Walmart to triplePOST annual exports from India to $10 billion by 2027 Walmart to export $10 billion of India-made goods each year by 2027 IT, business services market in India to reach $13 billion by 2020-end:… IDC

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