HOUSTON – Chevron Corp. is planning on making a 10% to 15% reduction in its workforce this year due to the coronavirus pandemic, according to a Bloomberg report.
This would be the biggest job cut made by a major oil company since the start of the pandemic, the report said.
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Around 6,000 of the company’s non-gas employees are at risk of losing their job as the company moves to “(streamline) our organizational structures to reflect the efficiencies and match projected activity levels. This is a difficult decision, and we do not make it lightly,” Chevron said in a statement.
The cuts will be across the board but will mostly affect corporate functions and the support functions, Bloomberg wrote.
About half of the Chevron workforce is based in the U.S.
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Daniela Sternitzky-Di Napoli has been a digital news editor at KPRC 2 since 2018. She is a published poet and has background in creative writing and journalism. Daniela has covered events like Hurricane Harvey and the Astros World Series win. In her spare time, Daniela is an avid reader and loves to spend time with her two miniature dachshunds.