Imperial Oil to Cut 20% of Workforce by 2027 Amid Restructuring

What’s Happening at Imperial Oil?

On Sept. 29, 2025, Imperial Oil confirmed plans to slash about 20% of its workforce as part of a multi-year corporate restructuring being conducted by Exxon Mobil (Exxon), according to Reuters.

The move impacts hundreds of Canadians, particularly in Calgary, where the company will largely wind down its head office presence by 2028.

Key details from the announcement:

• 20% workforce reduction (approx. 900 jobs) by 2027 (Financial Post)
• $330-million restructuring charge in Q3 2025
• Most Calgary head office roles relocated to the Strathcona refinery near Edmonton
• Small Calgary presence to remain after transition

Company spokesperson Lisa Schmidt said, “We recognize the considerable impact this restructuring will have on our employees and their families. We are committed to supporting our employees through this transition” (CBC News).

Outside of Canada, Exxon plans to eliminate approximately 1,200 roles in Norway and the European Union by the end of 2027.

📺 WATCH: Everything You Need to Know About Mass Terminations

Why Now?

Imperial Oil cited a combination of cost-cutting goals and technological transformation as drivers of the job cuts.

While global oil markets have softened in 2025, analysts note that the company remains profitable and is focused on staying competitive long-term.

In its media release, Imperial Oil added that it expects to realize “substantial efficiency and effectiveness benefits” by consolidating operations at its main sites, enhancing “collaboration, operational focus, and execution excellence.”

• SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

Impact on Calgary

The announcement is especially significant for Calgary’s energy sector workforce.

• Imperial moved its headquarters to Calgary from Toronto in 2004
• In 2016, the company shifted to a suburban campus office designed for ~3,000 people
• By 2028, only a limited number of positions will remain in the city

Government Reaction

Federal Energy Minister Tim Hodgson called the decision “deeply disappointing,” noting to CBC News that “these are skilled, dedicated people who have greatly contributed to Alberta’s energy sector and to Canada’s economy.”

Lost Your Job? Get Help Now

If you’re affected by the restructuring at Imperial Oil, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Alberta, British Columbia (BC), and Ontario have helped tens of thousands of non-unionized individuals get fair compensation.

📞 Call us today: 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.