Exxon Mobil is assessing possible global job cuts, the company said Wednesday (September 2).
It comes after the firm announced a voluntary lay-off program in Australia.
Exxon is just the latest oil major to reduce headcount due to a historic collapse in fuel demand in 2020.
The U.S. company has already slashed capital spending this year by 30% to around $23 billion.
Exxon also plans both capital and operating expense cuts to defend its dividend following losses in both the first and second quarters.
Wednesday's update marks a change in tone from July, when Exxon told Reuters it had no plans for layoffs.
In Australia, Exxon said it had reviewed its work projects in the country and was looking for volunteers to quit the company.
Exxon did not say what percentage of its Australian workforce it wanted to cut, but did say it would consider all employees who showed interest in voluntary redundancy.
Analysts have speculated Exxon could sell some of its Australian assets.
That may include its Altona plant in Melbourne - Australia's oldest refinery.