Midland Chevron employees recently faced confusion over reported layoffs. Initially, it was announced that 800 employees would be let go by mid-summer, but Chevron quickly clarified this was a mistake.
"On May 16, Chevron notified the Texas Workforce Commission of its anticipated workforce reduction of approximately 200 employees in Midland," stated Chevron spokesperson Catie Matthews. The error in reporting the number as 800 was attributed to the Texas Workforce Commission, which Chevron has since contacted to correct the inaccuracy.
Chevron is committed to supporting affected employees, offering severance pay and transition assistance, and aims to place as many as possible in other roles within the company.
The layoffs are part of a broader strategy to reduce Chevron's global workforce by 15% to 20% by the end of 2026, affecting between 6,000 and 8,000 of its over 40,000 employees worldwide. This move is in line with Chevron's goal to cut costs and simplify operations, targeting $2 billion to $3 billion in structural cost reductions by 2026.
In addition to the Midland layoffs, Chevron has announced the reduction of 600 jobs in California as it relocates its headquarters to Texas, furthering its workforce reduction plans.
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