15% to 20% of global workforce to be cut by end of 2026
Source-backed update · Announced plan · Chevron
EventAnnounced February 12, 2025
ReportedFebruary 12, 2025
Added to WorkHushFebruary 12, 2025
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Sources
CNN · Feb 12, 2025Supports: Reported that Chevron plans to cut 15% to 20% of its global workforce by the end of 2026 as part of up to $3 billion in cost cuts, citing a statement from vice chairman Mark Nelson.Open the sourcePipeline & Gas Journal (Reuters) · Feb 12, 2025Supports: Carried the Reuters report of the 15% to 20% reduction by end-2026 and the 40,212 employee count at end-2023, excluding service station staff.Open the source
Not in the sources
Chevron gave a percentage, not a headcount; the figure of about 8,000 is a media estimate based on 40,212 employees at end-2023, and teams and locations were not specified at the time.
More job cuts in February 2025 ›