Pemex to cut over 3000 jobs to save more than $540 million, Bloomberg reports
Investing.comThursday, May 22, 2025 at 11:26:18 PM
Mexico's state-owned oil giant Pemex is slashing more than 3,000 jobs as part of a cost-cutting push to save over $540 million, according to a Bloomberg report. The move highlights the company's ongoing financial struggles and efforts to streamline operations, though it comes at a steep human cost for workers.
Editor’s Note: Pemex has been grappling with debt and inefficiency for years, and these layoffs signal another tough chapter for the company—and the employees caught in the middle. For Mexico, it’s a reminder of the challenges facing its flagship oil producer, which plays a huge role in the country’s economy. Job cuts of this scale will ripple through communities, making this more than just a balance-sheet story.
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