Chevron will slash up to 20% of its workforce as part of cost-cutting plan
1. Chevron plans to cut up to 20% of its workforce. 2. Cost-cutting aims to save $2 billion to $3 billion by 2024. 3. Job cuts will transition mostly complete before 2026's end. 4. Chevron's share price was down about 1% following the announcement. 5. Leadership emphasizes long-term competitiveness and support for impacted employees.