Chevron Plans 20% Workforce Cuts
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Chevron employeesReuters
•Business
Business & Economics
Chevron staffers absorb long-awaited layoffs as CEO pledges accountability
77% Informative
Chevron announced plans to cut up to 20% of its global workforce last week .
The oil giant's plan to cut as much as a fifth of its workforce - about 8,000 people - comes after oil prices traded in the $ 70 -80 per barrel range for most of the past year .
Chevron said in November it aimed to cut $3 billion in costs by 2026 .
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