{"id":33136,"date":"2025-02-12T20:33:22","date_gmt":"2025-02-12T20:33:22","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/02\/12\/oil-giant-chevron-to-lay-off-thousands-in-bid-to-cut-up-to-20-of-global-workforce\/"},"modified":"2025-02-12T20:33:22","modified_gmt":"2025-02-12T20:33:22","slug":"oil-giant-chevron-to-lay-off-thousands-in-bid-to-cut-up-to-20-of-global-workforce","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/02\/12\/oil-giant-chevron-to-lay-off-thousands-in-bid-to-cut-up-to-20-of-global-workforce\/","title":{"rendered":"Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce"},"content":{"rendered":"<p>No 2 US oil firm aims for $3bn in cost cuts through 2026 and seeks to simplify business after production challenges<\/p>\n<p>Chevron will lay off 15-20% of its global workforce by the end of 2026, the US oil company said on Wednesday as it seeks to cut costs, simplify its business and complete a major acquisition.<\/p>\n<p>The No 2 US oil producer has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53bn deal to acquire oil producer Hess and gain a foothold in Guyana\u2019s lucrative oilfield is in limbo due to a court battle with its larger rival Exxon Mobil, which has more aggressively expanded its own production.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2025\/feb\/12\/chevron-global-layoffs\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 oil company said on Wednesday as it seeks to cut costs, simplify its business and complete a major &#8230; <a title=\"Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2025\/02\/12\/oil-giant-chevron-to-lay-off-thousands-in-bid-to-cut-up-to-20-of-global-workforce\/\" aria-label=\"Read more about Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33136","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=33136"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33136\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=33136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=33136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=33136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}