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Chevron to Reduce Global Workforce by 10%% to 15%%
5/28 4:42 PM
Chevron to Reduce Global Workforce by 10% to 15% OAKHURST, N.J. (DTN) --- In a statement today, a Chevron spokeswoman confirmed new organizational structures, a result of streamlining, will require 10% to 15% fewer positions across the enterprise. "Chevron has been taking action to better position the company to compete in any operating environment and address current market conditions. This includes reducing our operating costs and capital investments, driving efficiencies in our workflows and processes, and streamlining our organizational structures to reflect the efficiencies and match projected activity levels," the statement read. Across its global enterprise, Chevron has nearly 45,000 employees. The company said the impact of the workforce reduction in each location, business segment and function will vary. (c) Copyright 2020 DTN, LLC. All rights reserved.