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Chevron to cut up to 15% of staff amid restructuring

Baku, May 30, AZERTAC

Chevron Corp will cut 10% to 15% of its worldwide workforce as part of an ongoing restructuring at the second-largest U.S. oil producer, according to Reuters.

The oil producer previously disclosed a 30% reduction in its 2020 spending and some voluntary job cuts amid this year’s sharp drop in oil prices and lower demand for oil and gas due to the COVID-19 pandemic.

Chevron, which has 45,000 employees, expects to remove about 10% to 15% of its global staff to “match projected activity levels,” spokeswoman Veronica Flores-Paniagua confirmed.

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