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 layoffs completed before 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 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 trimming headcount by 15%-20% in layoffs
Chevron is seeking to trim its headcount by a sizable amount.The energy giant will lay off 15%-20% of its workers in a bid to "simplify our organizational structure, [execute] faster and more efficiently,
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 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.
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 cut up to 20% of global workforce
Global oil giant Chevron is cutting a significant proportion of its workforce as growth in production threatens prices.
Chevron to cut up to 20% of workforce amid push for simplification, efficiency
Chevron, which is moving its headquarters to Houston, is planning to cut a significant portion of its workforce over the next couple of years.
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 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.
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Chevron's Declining Oil Reserves to be Supported by Hess' Guyana Asset
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Chevron Will Lay Off Up To 20% Of Employees—Impacting Up To 9,100
Changes to the organizational structure will improve standardization, centralization, efficiency and results,” explained ...