HOUSTON, May 28 (Reuters) - Chevron ( CVX ) will lay off
nearly 800 employees in Texas, according to a notice on
Wednesday to the Texas Workforce Commission, 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operate in Venezuela was revoked and its planned $53 billion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.