Chevron Announces 8,000 Layoffs as Part of Major Cost-Cutting Plan
Chevron Corporation announced plans for a 15% to 20% cut across its global workforce by December 2026 totaling about 6,000 to 8,000 positions. This is part of Chevron’s effort to realize $2 to $3 billion in structural cost reductions to streamline operations and give improved long term competitiveness. The layoffs will impose numerous sectors and geographies, although no details have yet been offered. Chevron pointed out it would assist employees through the transition.
These opposing strategies reflect the dynamic environment in the international business landscape. While PwC seeks to increase expenses and expand its workforce to promote innovation as Chevron is reducing costs in its bid for a competitive edge within the energy sector.
Also Read | Porsche Announces 1,900 Job Cuts by 2029 Following Strategic Restructuring
Over the last few years, newspapers have reported that migrant workers in the UAE and other Gulf countries have come…
Overseas Filipino Workers (OFWs) in Israel have once again found themselves on the frontlines of conflict, caught between their livelihoods…
Decades after decades, tea garden laborers in India have worked and lived in the farms without owning the land the…
There has also been a concerted global push on the side of the recent U.S. Executive Order against the Muslim…
The 2025 recommendations of the UN Migration Committee represent a change in the way governments are being encouraged to treat…
The economic growth of India has been supported by a labor force that is rather silent and unguarded. Millions of…
This website uses cookies.
Read More