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Chevron will slash up to 20% of its workforce

Hosted on MSN · 5h

Chevron Announces Layoffs Affecting Up to 8,000 Workers: 'Stronger Long-Term Competitiveness'

About 6,000 to 8,000 of Chevron's global employees will be impacted. The layoffs contribute to Chevron's larger goal of cutting costs by up to $3 billion before the end of 2026, per Barron's. At the end of 2023,

East Bay Times · 8h

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

NBC Washington · 1d

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 plans to lay off thousands of employees worldwide

Forbes on MSN · 1d

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 Chevron Vice Chairman Mark Nelson in a statement.

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.

ABC 7 San Francisco on MSN · 22h

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 Houston area and approximately 2,000 employees in San Ramon, the company said before the move.

2d

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.

ABP Live on MSN3h

Chevron Layoffs: Oil & Gas Giant To Fire 15 To 20% Of Employees By THIS Year

Chevron has set a goal to reduce costs by up to $3 billion by 2026, focusing on technology, asset sales, and rethinking how ...

datacenterfrontier.com3d

Chevron, GE Vernova, Engine No.1 Join Race to Co-Locate Natural Gas Plants for U.S. Data Centers

Fast-tracked construction for Chevron's natural gas JV is expected to be online by 2027. Meanwhile, total planned natural gas ...

2d

Should Investors Worry about Chevron’s (NYSE:CVX) Oil Reserves as Hess Deal Waits?

Chevron’s (CVX) stalled acquisition of Hess (HES) is taking on even more importance for investors after the company’s oil and ...

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