Chevron to layoff 700 employees in Houston downtown
HOUSTON โ Chevron Corp. is asking employees to reapply for positions as part of a โcost-cutting program expected to eliminate up to 15% of its workforce," according to Reuters. Nearly 700 employees in Houston will be laid off starting Oct. 23, according to a notice Chevron sent to the state of Texas. The layoffs will affect workers at Chevronโs downtown offices: 1400 Smith, 1500 Louisiana, 1600 Smith and 2 Allen Center, according to the Houston Chronicle. This summer, Chevron acquired Houston-based Noble Energy, and it is expected to make cuts and layoffs for redundant office positions. In total, the company announced plans to lay off 6,000 workers globally this year.