(In headline and first paragraph corrects number of layoffs to
200 from 800 after the commission corrected its reporting)
By Sheila Dang
HOUSTON, May 28 (Reuters) - Chevron ( CVX ) will lay off
200 employees in Texas, according to figures from the Texas
Workforce Commission.
The layoffs are part of the U.S. oil producer's plan to cut
up to 20% of its global workforce by the end of 2026.
The job cuts will be in Midland County, where Chevron ( CVX ) has
large operations in the Permian Basin, the top U.S. oilfield.
The layoff date is July 15, according to the notices.
Chevron ( CVX ) announced plans to slash the global workforce in
February in order to cut costs and simplify the business. Since
then, Chevron ( CVX ) has come under more pressure, as its license to
operate in Venezuela was revoked and its planned $53 billion
acquisition of oil producer Hess hangs in the balance amid an
arbitration dispute.
The company previously gave notice that it would lay off at
least 600 employees in California effective June 1, according to
a filing in March.