24Business

Chevron will reduce up to 20% of its workforce


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Chevron said that by the end of 2026 he would reduce the fifth of his global workforce as part of the cost reduction to simplify the business of Major oil and increase in growth.

Vice President Mark Nelson said the changes would include the optimization of a huge $ 280 billion group portfolio, using technology to improve productivity and change the way and where they are done.

“We expect that these actions will result in a decrease in labor power from 15 to 20 percent, starting at 2025. With the most complete before the end of 2026,” Nelson said.

Cost cutting is indicated in November, when Shevron He said he would aim at $ 2 billion-$ 3 billion in a target “structural” sale of costs from the sale of property, using new technology and changing the course of work.

The group had about 46,000 employees, including those who work on gas stations, at the end of 2023, according to an annual report.

This is a development story



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