Chevron slashing up to 8K jobs — as much as 20% of workforce — in major revamp of oil giant
1. Chevron plans to lay off 15-20% of its workforce by 2026. 2. The layoffs aim to achieve $3 billion in cost reductions. 3. Chevron's refining segment reported a loss for the first time since 2020. 4. The company faces legal challenges over its acquisition of Hess. 5. Chevron's stock declined by approximately 1% in afternoon trading.