15-20% of Chevron's global workforce — approximately 6,000 to 9,000 jobs — to be eliminated by the end of 2026 as part of a $2-3 billion cost-savings restructuring. The cuts coincide with the relocation of Chevron's headquarters from California to Houston and the integration of the $53 billion Hess Corporation acquisition.
Start Free AI Mock InterviewIssue 01
FEBRUARY 2025
15-20% global workforce reduction (~6,000-9,000 jobs)
Chevron announced in February 2025 a sweeping restructuring that will eliminate 15-20% of its approximately 40,200 global employees by the end of 2026. The $2-3 billion cost-savings plan includes consolidating support functions into centralized hubs in Manila, Buenos Aires, Houston, and Bengaluru. Affected locations include Texas (approximately 200 in Midland County), California (600+ in San Ramon and Bakersfield), and Houston (700+). The restructuring coincides with Chevron's headquarters relocation from California to Texas and the integration of the $53 billion Hess Corporation acquisition.
Issue 01
FEBRUARY 2025
15-20% global workforce reduction (~6,000-9,000 jobs)
Chevron announced in February 2025 a sweeping restructuring that will eliminate 15-20% of its approximately 40,200 global employees by the end of 2026. The $2-3 billion cost-savings plan includes consolidating support functions into centralized hubs in Manila, Buenos Aires, Houston, and Bengaluru. Affected locations include Texas (approximately 200 in Midland County), California (600+ in San Ramon and Bakersfield), and Houston (700+). The restructuring coincides with Chevron's headquarters relocation from California to Texas and the integration of the $53 billion Hess Corporation acquisition.
The Playbook · 30 Days
Read the separation agreement carefully before you sign — most have a 21-day window. You have time, so don't be rushed into waiving anything you don't understand.
File for unemployment in your state right away. In most states benefits are backdated to your separation date, so there's no upside to waiting.
Decide between COBRA and an ACA marketplace plan within 60 days. Marketplace plans are often cheaper than COBRA for comparable coverage.
If you're on an H-1B, start the visa-transfer clock immediately. The 60-day grace period is non-negotiable.
We also cover workforce reductions at peer companies so you can compare context and prepare cross-company. Explore more layoff trackers related to Chevron.
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