Chevron Cuts Thousands of Jobs Amid Global Workforce Restructuring

Energy giant Chevron is reducing its global workforce by 15% to 20% by the end of 2026, which could mean up to 9,000 job cuts. This restructuring aims to streamline operations, simplify its organizational structure, and cut costs by $3 billion. The layoffs follow Chevron’s headquarters relocation to Houston and reflect challenges in the global energy industry, including increased regulation and a shift towards lower-carbon energy.