Chevron to lay off 700 Houston staff in drive to cut costs

Chevron to lay off 700 Houston staff in drive to cut costs

Chevron has reportedly notified the state of Texas that it plans to lay off nearly 700 employees in its downtown Houston offices, as part of a “cost-cutting program expected to eliminate up to 15% of its workforce,” per Reuters.

Affected employees are being asked to reapply for their existing positions, with layoffs set to take place beginning October 23rd. According to Reuters, impacted Chevron staff will receive “enhanced severance benefits and two months to leave the company.” A Chevron spokeswoman said a majority of the employees not rehired will be terminated by the end of the year.

The Houston layoffs are part of Chevron’s broader plans to eliminate as many as 6,000 jobs worldwide.

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Published: 11-10-2020