(KRON) — Chevron plans to lay off 15% to 20% of its global workforce, according to multiple reports. The planned layoffs are part of a $3 billion plan to cut costs said Reuters, citing a “source familiar with the matter.”
According to Barron’s, the layoffs are simply a cost-cutting initiative and are not a sign of broader problems at Chevron.
Chevron, which is the second-largest oil company in the U.S., was formerly headquartered at Bishop Ranch in San Ramon. While the company still maintains a significant presence in San Ramon, it officially relocated its HQ to Houston, Texas last year.
(KRON) — Chevron plans to lay off 15% to 20% of its global workforce, according to multiple reports. The planned layoffs are part of a $3 billion plan to cut costs said Reuters, citing a “source familiar with the matter.” According to Barron’s, the layoffs are simply a cost-cutting initiative and are not a sign […]
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