Chevron Lays Off 9,000 Employees Amid Global Workforce Cuts
Chevron is cutting its global workforce by 15-20%, affecting up to 9,000 employees. The oil giant cited improved long-term competitiveness as the reason for the drastic measure. This move comes after a year of record oil production but declining profit margins in refining business. Chevron has been steadily reducing its workforce over the last decade, … Read more