Chevron will reduce its global workforce by 15–20 percent by the end of 2026 as part of a sweeping effort to cut costs and streamline operations.
“Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness,” Chevron vice chairman Mark Nelson told The Epoch Times in an emailed statement on Feb. 12.
Nelson said that Chevron also plans to optimize its portfolio, adopt new technologies to boost productivity, and restructure operations with an increased reliance on global centers. The company expects these actions to lead to workforce reductions beginning in 2025, with most completed before the end of 2026….