Imperial Oil’s plans to cut 20 per cent of its workforce by the end of 2027 comes as part of a wider trend of industry job cuts as producers look to boost efficiencies amid lower oil prices and the availability of new technology.

The company said in its Monday announcement that about 900 corporate positions would be lost, mostly in Calgary.

It follows Cenovus Energy Inc. confirming layoffs in May, and Suncor Energy Inc. cutting about 1,500 staff in a streamlining push in 2023.

“I think (Imperial’s move is) probably reflective of a broader push by energy companies to find efficiencies,” said Lance Mortlock, EY Canada managing partner in industrials and energy.

He said efforts to streamline operations come amid languishing oil prices, technological availability and unfavourable policies.

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