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 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 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
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 cut up to 20% of workforce amid push for simplification, efficiency
Chevron, which recently moved its headquarters to Houston, is planning to cut a significant portion of its workforce over the next couple of years.
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.
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 lay off up to 20 percent of its workforce
Chevron plans to lay off up to 20 percent of its workforce, according to a company spokesperson. Vice Chairman of the Chevron Corp., Mark Nelson, said that the company “is taking action to
Texas-based Chevron to layoff 15%-20% of workforce
The energy giant is headquartered in Houston but it's unclear how many, if any, of the layoffs will happen here.
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Chevron Plans 20% Workforce Reduction to Stay Competitive
Chevron Corporation CVX recently announced plans to cut up to 20% of its global workforce by 2026. The move is part of the company’s strategy to simplify its organizational structure, stay competitive ...
Chevron Announces About 20% Workforce Reduction In Cost-Saving Initiative: 'Responsible Leadership Requires Taking These Steps'
In a significant cost-saving move, oil behemoth Chevron Corp. (NYSE: CVX) has announced plans to slash its workforce by up to ...