IEN Radio
Radio for manufacturing and engineering professionals. New industrial products, news and technical articles.
IEN Radio
LISTEN: Chevron to Cut 15-20% of Its Workforce
•
Eric Sorensen
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
The headlines these days are awash with cost-cutting news, and it appears that one big name in oil & gas is jumping head-first into slashing its overhead.
Chevron revealed Wednesday that it plans to cut a significant number of jobs in order to shore up as much as $3 billion in cost savings.
The cuts are projected to include between 15% and 20% of Chevron’s global workforce. They will reportedly start now and will conclude before the end of next year.