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 business, the US oil company said Wednesday.
Houston-based Chevron to lay off up to 20% of its global workforce by 2026, Reuters reports
Chevron, the oil giant that recently moved its headquarters to Houston, will lay off 15 to 20% of its workforce, Reuters reports.
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Houston-based Chevron to lay off 15-20 percent of global workforce
Chevron, newly headquartered in Houston, announced on Wednesday it will lay off 15 to 20 percent of its global workforce, or roughly 6,000 to 8,000 people, by the end of 2026 in an effort to cut costs and simplify its business.
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 workers.
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 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 down 1% to $156.31 after Barron’s report of layoffs
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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 ...