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.

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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.
The New York Times - 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
Banks slash savings rates after Bank of England rate cut

Dozens of providers reduce rates or withdraw products following BoE move
Financial Times - 4h
Fast break AI: How Databricks helped the Pacers slash ML costs 12,000X% while speeding up insights

The jaw-dropping decrease is a credit not only to Databricks, but PS&E's ability to reduce ML compute to near-infinitesimal amounts.
VentureBeat - 1d
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
Fogel reflects on time in Russian prison; Trump empowers Musk to slash federal workforce

Marc Fogel, an American school teacher who was detained in Russia for more than three years, was welcomed at the White House Wednesday night where he said he's still processing his time in ...
CBS News - 8h
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
NIH announces it's slashing funding for indirect research costs

The National Institutes of Health announced that the agency is making cuts to grants that support research institutions by limiting the amount of indirect funding for research projects to just 15%.
NBC News - 3d
USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency

The US government’s primary foreign aid organization is losing the vast majority of its staff, forcing the agency’s lifesaving work to screech to a halt.
Wired - 6d

Chevron will slash up to 20% of its workforce as part of cost-cutting plan

Topics

Related

Chevron to Lay Off Up to 20% of Staff

Chevron to slash up to 20% of its workforce

Banks slash savings rates after Bank of England rate cut

Fast break AI: How Databricks helped the Pacers slash ML costs 12,000X% while speeding up insights

Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce

Fogel reflects on time in Russian prison; Trump empowers Musk to slash federal workforce

Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

NIH announces it's slashing funding for indirect research costs

USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency

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