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Imperial and Europe restructure next week

Check out the Imperial board this weekend. Those poor guys are worried. Looks like consolidation of employee in either Sarina or Edmonton. Calgary shutting down.

And next week huge layoffs in Europe except London where they released puff piece about doubling jobs there ahead of this.


EU set to lock in long-term US gas deals, says ExxonMobil

LONDON, Sept 10 — ExxonMobil expects the European Union to sign multi-decade US gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday.

The EU in July pledged to buy US$750 billion of US energy by 2028 as part of a sweeping trade pact with Washington.

Exxon and the EU did not immediately respond to Reuters requests for comment.

Peter Clarke, senior vice president of Exxon’s liquefied natural gas business, told the FT that Europe’s expanding LNG infrastructure made it “logical” to commit to longer-term supply, noting

Exxon sells about 80 per cent of its LNG under such contracts.

Europe is now “the most important market” for US LNG exports, and the next step will be for the continent “to figure out how it supports long-term contracting,” the newspaper quoted him as saying.

The US supplied 50 per cent of the EU’s liquefied natural gas imports in 2024, along with 17 per cent of oil and 35 per cent of coal, according to Eurostat. Any expansion in energy trade is likely to center on LNG, with the US the world’s top exporter of the fuel.

“We have seen in the data quite a big increase in LNG imports to Europe, year on year, it’s up about 20 per cent,” Clarke told FT, adding that 55 per cent of the imports were from the United States. — Reuters

https://www.malaymail.com/news/money/2025/09/10/eu-set-to-lock-in-long-term-us-gas-deals-says-exxonmobil/190638


Nosey parker

I hope this doesn’t come across the wrong way — I’m genuinely curious to understand how conversations landed and the shifts this week. Which functions have been most affected, and if your title changed, what did that look like for you?

I’ve heard a little about individuals moving into a different FoP but not much beyond that, so just trying to get a clearer picture from your perspective before the meeting on the 10th

From a fellow EMEA colleague trying not to twiddle thumbs


ExxonMobil Considers Selling European Chemical Plants Amid Sector Pressures

Story by Fiona Craig

ExxonMobil (NYSE:XOM) is reportedly weighing the sale of its chemical production facilities in the United Kingdom and Belgium, as the European chemical industry faces mounting challenges from U.S. trade tariffs and competitive pressures from China, according to the Financial Times on Thursday.

Sources familiar with the matter told the publication that the U.S. energy company has initiated early talks with advisers in recent weeks about potential divestments, which could be valued at around $1 billion.

The move comes as European chemical manufacturers navigate a difficult market environment, contending with both American trade measures and increased competition from Chinese producers.

https://www.msn.com/en-us/money/markets/exxonmobil-considers-selling-european-chemical-plants-amid-sector-pressures


EMEA Apps impacted

hey everyone! does anyone know if EMEA Apps will be impacted and what the timelines would be? I am sure that being in Europe it takes a bit more time to do the paperwork, but I am curious if anyone has any info. thanks!


Major US & Israel HC Cuts... What about Asia and Low Cost GEOs?

We've all seen the headlines where there's thousands of US headcount being laid off, and some teams in Israel being impacted. But I haven't heard much if there are big HC cuts in China, India, Vietnam, Eastern Europe, Costa Rica, or other lower cost countries/GEOs? Anyone know if the HC cuts are also taking place elsewhere? Or is this the old sleight of hand trick where they fire 5K US employees... but hire back 3K in Asia/Low Cost GEOs?


2018 Syniverse layoffs - about 300 people (15%)

This week, Syniverse has internally announced laying off 15 % of its

employees, worldwide. That means 300 employees are affected. The

layoffs mainly happen in the US (Tampa, Florida) and India,

although other locations are affected, as well.

In related news, just a few months ago, Syniverse internally

announced to close down its mobile roaming data clearing house (DCH)

development center in Rüsselsheim, Germany until the end of 2018.

This amounts to laying off another ~ 65 employees.

This follows the previous layoff of ~ 40 Syniverse operations

engineers in 2016, also in Rüsselsheim, the 2017 shutdown of the

Syniverse A2P office in Würzburg, Germany (~ 60 employees), and

the constant layoffs in other Syniverse offices around the world

Syniverse is well known for since it's owned by the Carlyle Group

(a private equity corporation).

As always, Syniverse management plans to off-shore the work done

by the laid off engineers to remote locations like India and

Costa Rica. It's confident that this disruptive reorganization

doesn't impact the service-level agreements with existing

customers and magically leads to a path of ultra growth and rapid

innovation (executed by newly hired and inexperienced engineers).

Giving the history and current developments, it's likely that

Syniverse will also shutdown its last remaining office in

Germany, Bonn in the next 1 to 2 years. Followed by Europe

Headquarters in Luxembourg in 2 to 3 years.


Intel has increased restructuring costs by $700m. The $1.4bn restructuring costs as part of #ACT led to 12,000 job losses. So extrapolating this 6,000 is a reasonable number. Stacy the outgoing CFO said this will be more weighted to #Europe and #McAfee divisions. This does not bode well for colleagues in #Munich, #Nuremberg and #Duisburg.