SAN RAMON – Chevron announced it will lay off 15% to 20% of its workforce, or approximately 8,000 employees, in an effort to streamline operations and enhance efficiency. The cuts, part of a broader initiative to save $2 billion to $3 billion by 2027, are expected to be completed by the end of 2026.
Headquartered in Texas, Chevron also has a significant workforce presence in California.
Chevron aims to optimize its structure, integrating technology and expanding global centers to drive productivity. “These changes are necessary for long-term competitiveness,” said Vice Chair Mark Nelson in a statement to FOX Business.…