Chevron is set to reduce its workforce in Texas by over 200 employees as part of a plan to potentially decrease its global staff by up to 20 percent by the end of next year.
In March, the energy giant informed the Texas Workforce Commission (TWC) about its plan to reduce its workforce by approximately 700 employees at its Downtown Houston site.
In May, Chevron notified the TWC about a further expected reduction in its workforce, affecting around 200 employees in Midland, Texas.
The initial round of layoffs indicated by the WARN Notice for Downtown Houston commenced on May 28 and is set to persist until 2025. Midland is set to begin its initial round of layoffs on July 15, with the process continuing into 2025.
Chevron is enacting these job cuts as a means to streamline its organizational framework and boost its future competitiveness.
The organization announced that this effort encompasses refining its offerings, utilizing technology to enhance efficiency, and transforming the methods and locations of work, with a focus on growing international hubs.
The organization expects that these measures will result in a worldwide decrease in workforce by 15 to 20 percent, with certain local differences.
This initiative is in line with Chevron’s earlier declaration regarding specific structural cost reductions amounting to $2 to $3 billion by the conclusion of 2026, with some lingering effects anticipated in 2027 and later.
Alongside Texas, Chevron anticipates job cuts in various other areas, such as San Ramon, El Segundo, Richmond, and Bakersfield in California; Denver, Colorado; and Ames, Iowa.
