Wed, February 19, 2025
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[ Wed, Feb 19th ] - News24
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Why Trump economic advisers are more focused on Wall Street than the Fed
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HSBC to sell Bahrain retail banking operations as restructuring progresses
Tue, February 18, 2025
[ Tue, Feb 18th ] - Reuters
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
[ Tue, Feb 18th ] - Forbes
How To Protect Your Real Estate And Hard Assets
[ Tue, Feb 18th ] - Variety
Angel City FC Names Carmen Bona President of Business Operations, Promotes Julie Uhrman to CEO
[ Tue, Feb 18th ] - Yahoo
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[ Tue, Feb 18th ] - Reuters
National Australia Bank's first-quarter cash earnings slip on higher impairment charges
[ Tue, Feb 18th ] - Mint
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[ Tue, Feb 18th ] - Fortune
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[ Tue, Feb 18th ] - Indiatimes
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[ Tue, Feb 18th ] - Kiplinger
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[ Tue, Feb 18th ] - ABC
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[ Tue, Feb 18th ] - Forbes
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News24 invites you to unpack the Budget with Godongwana and Kieswetter
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TNFD launches upskilling platform to help corporates master nature disclosure
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Why 'Standard' Digital Background Checks Can Be So Unreliable
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Mamo and Paymentology join forces to drive financial inclusion for SMEs across UAE
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Norway sovereign wealth fund CEO job attracts 82 applicants, including current chief
[ Tue, Feb 18th ] - Oneindia
India To Cut Import Duties Amid US Tariff Concerns, Says Finance Minister Sitharaman
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[ Tue, Feb 18th ] - Reuters
Mexican tequila makers fret as US tariffs threaten their business
[ Tue, Feb 18th ] - MSN
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[ Tue, Feb 18th ] - MSN
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[ Tue, Feb 18th ] - Reuters
Indian benchmarks end flat as Reliance, HDFC offset weakness in earnings, trade worries
Mon, February 17, 2025
[ Mon, Feb 17th ] - Reuters
Complaints targeting BYD flood Chinese consumer portal after smart EV launch
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[ Mon, Feb 17th ] - Forbes
Blockchain Rewiring TradFi: A Trillion-Dollar Shift
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[ Mon, Feb 17th ] - Forbes
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[ Mon, Feb 17th ] - CNET
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Sun, February 16, 2025
[ Sun, Feb 16th ] - Reuters
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Houston-based Chevron laying off up to 20% of its employees. Here's why.
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Houston-based Chevron laying off up to 20% of its employees. Here's why.


//business-finance.news-articles.net/content/202 .. ng-off-up-to-20-of-its-employees-here-s-why.html
Published in Business and Finance on by MSN   Print publication without navigation

Chevron Corp., which recently relocated its headquarters to Houston, plans to lay off from 15% to 20% of its global workforce, roughly 6,000 to 8,000 people, by the end of 2026 to cut costs and simplify its business as profit margins decline.

Chevron, headquartered in Houston, is implementing significant layoffs, reducing its workforce by up to 20% in response to various economic pressures. This decision comes amidst a backdrop of fluctuating oil prices, increased operational costs, and a strategic pivot towards more sustainable energy solutions. The layoffs are part of a broader cost-cutting initiative aimed at improving efficiency and profitability in a challenging market environment. The company has not specified the exact number of employees affected but confirmed that the cuts will impact various departments. This move also reflects Chevron's efforts to adapt to the global push for cleaner energy, where investments in renewable energy projects are becoming increasingly critical.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/houston-based-chevron-laying-off-up-to-20-of-its-employees-here-s-why/ar-AA1z8WT3 ]

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