Houston-based Chevron announces it will layoff 20% of its global workforce
Houston-based Chevron announced it will be reducing its global workforce by 20% as it is seemingly trying to slim costs and streamline operations.
Chevron to lay off up to 20% of global workforce
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 to cut up to 20% of workforce as it slashes costs by as much as $3 billion
Chevron on Wednesday announced it will lay off 15-20% of its global workforce in an effort to reduce costs by up to $3 billion. Chevron expects to complete most of the cuts by the end of 2026.
Chevron to slash up to 20% of global workforce: reports
Reuters reported that Chevron will lay off 15% to 20% of its global workforce by the end of 2026. Chevron employed 40,212 employees across its operations as of the end of 2023, which means a 20% cut would impact around 8,000 people if the company's workforce has remained the same.
Chevron plans to lay off 20% of workers in cost-cutting push
The oil giant employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employees. The company recently moved its headquarters from San Ramon to Houston
Houston-based Chevron to lay off 15-20 percent of global workforce
Chevron will lay off 15 to 20 percent of its global workforce by the end 0f 2026, in an effort to cut costs and simplify its business.
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,
Chevron (CVX) Announces Plans to Cut Its Workforce by Up to 20%
Shares of Chevron (CVX) are down at the time of writing after announcing plans to cut its global workforce by 15% to 20% by next year. This
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 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 wants to save about $3 billion. Layoffs are on the horizon.
The integrated energy company said that layoffs will affect 15% to 20% of its employees, starting this year and with most ...
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 ...
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 ...