Chevron To Cut 15-20% Of Workforce By End Of 2026

Source: International Business Times

Chevron plans to cut 15 to 20 percent of its workforce in a cost-cutting drive AFP Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday. The job cuts will begin in 2025 and be mostly complete by the end of 2026, Chevron said in a statement to AFP. The moves are in line with a previous company pledge to remove $2 to $3 billion in "targeted structural costs" by the end of next year.