Reuters exclusively reports Chevron to cut up to 15% of staff amid restructuring

Reuters exclusively reported that oil major Chevron expects to cut 10% to 15% of its global workforce as part of an ongoing restructuring at the United States’ second-largest oil producer. Most of the 4,500 to 6,750 job cuts envisioned in the latest plan will happen this year as the company grapples with a slump in oil prices and lower demand due to the COVID-19 pandemic.