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 (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
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 to slash up to 20% of its workforce
Chevron said it would slash up to a fifth of its global workforce by the end of 2026 as part to a cost-cutting drive designed to simplify the oil major’s business and boost growth. Vice-chair Mark Nelson said the changes would involve optimising the $280bn group’s vast portfolio,
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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 ...
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