Chevron Announces 20% Of Workers Will Be Laid Off

Houston’s ABC affiliate reports:

Major cuts appear to be coming for a huge Houston business. Chevron announced it’s planning to cut 20% of its workforce between now and the end of next year. The energy giant, which is headquartered in Houston, employs more than 40,000 people around the world, meaning cuts would be in the thousands.

It’s unclear how many, if any, of the layoffs would be in Houston where about 7,000 employees work, including about 6,000 working in its downtown offices. Chevron relocated from California to Texas in 2024. In the fourth quarter of 2024, Chevron reported earnings of $3.2 billion, according to a release from the company.

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