Chevron will slash up to 20% of its workforce as part of cost-cutting plan
1. Chevron will cut up to 20% of its workforce to reduce costs. 2. The plan aims for $3 billion in savings before 2026. 3. These changes are designed to improve long-term competitiveness. 4. Reductions in workforce expected to streamline operations and enhance productivity. 5. Chevron commits to supporting affected employees through transitions.