Chevron to Lay Off Up to 20% of Staff
The second-largest U.S. oil company may cut as many as 9,000 workers worldwide in an effort to cut costs.
Read more at The New York Times
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Chevron will slash up to 20% of its workforce as part of cost-cutting plan
The layoffs will begin this year with most of the cuts complete before the end of 2026.CNBC - 1h -
Some Laid-Off Meta Staff Cry Foul as Pushback Spotlights Meta’s Harsher Side
Meta’s just the latest big tech company to lay off staff. But it may have handled things indelicately—and staff who were let go as part of a culling of “low performers” claim they’re high achievers.Inc. - 1h -
Chevron to slash up to 20% of its workforce
US oil group announces cuts despite Donald Trump’s exhortation to ‘drill, baby, drill’Financial Times - 2h -
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Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce
No 2 US oil firm aims for $3bn in cost cuts through 2026 and seeks to simplify business after production challenges. Chevron will lay off 15-20% of its global workforce by the end of 2026, the US ...The Guardian - 2h -
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.CNBC - 10h -
Brooklyn Museum Will Lay Off Employees and Scale Back Exhibitions
The museum, which faces a projected $10 million deficit, said it planned to cut more than a tenth of its employees and mount fewer exhibitions.The New York Times - 5d
More from The New York Times
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What to Know About the Anti-Bribery Law Trump Is Targeting
Federal prosecutors and securities regulators have gone after large companies for violations of the Foreign Corrupt Practices Act, which prohibits them from bribing foreign officials.The New York Times - 20h -
Stock Market Falls After Inflation Report
Investors are now betting that the Federal Reserve will cut interest rates just once more this year, a drastic shift in expectations since late 2024.The New York Times - 21m -
Trump Softens Tone on Inflation After Pledging to Lower Prices
President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.The New York Times - 1h -
Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI
Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.The New York Times - 23h -
Silicon Valley is Embracing Christianity (With the Help of Peter Thiel)
When tech luminaries talk about their Christian faith, people listen.The New York Times - 23h
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How Elon Musk's DOGE took over the Education Department, one office at a time
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Reddit shares plunge 15% after company misses on user numbers
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Reddit turns second quarterly profit since IPO as daily active unique users top 100 million for the first time
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