Chevron to lay off 15% to 20% of global workforce, source says
Chevron will lay off 15% to 20% of its global workforce, the U.S. oil company said on Wednesday during an internal employee town hall meeting, according to a source familiar with the matter.
Chevron to cut as much as 20% of workforce
Chevron plans to slash its workforce by as much as 20% by the end of 2026, as it embarks on a wider cost-cutting effort. The company said the reductions would simplify its structure and enable it to act faster,
Houston-based Chevron to lay off up to 20% of its global workforce by 2026, Reuters reports
Chevron, the oil giant that recently moved its headquarters to Houston, will lay off 15 to 20% of its workforce, Reuters reports.
Chevron will slash up to 20% of its workforce as part of cost-cutting plan
Chevron will slash up to 20% of its workforce as the oil major implements a plan to cut costs, the company announced Wednesday. The layoffs will begin this year with most of the cuts complete before the end of 2026.
Chevron to Lay off up to 20% of Global Workforce
HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
Chevron trimming headcount by 15%-20% in layoffs
Chevron is seeking to trim its headcount by a sizable amount, with Vice Chair Mark Nelson saying they will impact 15%-20% of workers.
Chevron: $70 Oil Price Won't Last
The current oil price is too compressed, creating a large bias for Chevron’s profits in upward direction. Click here to read ...
Chevron to Lay Off Up to 20% of Workers. Why the Oil Industry Is Slimming Down.
Chevron is not the only company in the oilfield that’s been slimming down. Oil-and-gas companies have gotten much more ...
Chevron to cut thousands of jobs as it seeks billions in savings
The layoffs will eliminate 15 to 20 percent of the global workforce, said the company, which wants to reduce annual operating ...
Chevron struggles to replace oil, gas reserves amid Hess deal limbo
Chevron's oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S.
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Chevron plans to lay off thousands of employees worldwide, company says
Chevron announced in August 2024, it would relocate its headquarters from San Ramon to Houston, Texas. As of 2023, Chevron had 45, 511 employees worldwide with about 7,000 employees working in the ...
Oil giant Chevron plans to lay off 20% of workers in cost-cutting push
Houston - Chevron plans to cut its global workforce by 15 per cent to 20 per cent by next year, as part of efforts to reduce costs and raise profits. The US oil giant employed 46, ...
Chevron to lay off 15% to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, as it seeks to cut costs and simplify its ...