Chevron Laying Off 2000-Plus, Mostly Impacting Houston

Oil giant Chevron is cutting 500 jobs from its headquarters in San Ramon as part of a global effort to slash costs by $1 billion, according to a spokeswoman for the company.

Chevron’s Big Foot has seen delays this quarter.

As a result of the cost reduction efforts at the corporate centre, around 950 positions will be cut in Houston.

Chevron follows its friends corporations in enacting employees reductions so as to protect…

Another 600 or so staff contractors positions also will be reduced from 24 groups in the corporate center, Ritchie said, so many of those cuts will come from Houston and San Ramon as well. “These initiatives, which are now underway, are focused on increasing efficiency, reducing costs and focusing on work that directly supports business priorities”, read the statement. “Additional cost savings are expected to be achieved across the enterprise”.

Chevron said that 270 out of the 1,500 jobs being cut are now vacant and the company has no plans to fill them.

“We’re responding to the current price environment by capturing cost reductions, pacing new project approvals and further streamlining our portfolio as planned”, Watson said in a news release about the earnings.

Oilfield service companies are also letting go of employees in the thousands.

The proposed plan will eliminate the company’s workforce by 2% with majority of the jobs being affected across its Texas and California operations.