12:27 PM EST, 02/12/2025 (MT Newswires) -- Chevron ( CVX ) will reduce its global workforce by 15% to 20%, affecting about 6,000 to 8,000 people, news outlets reported Wednesday. The company has informed its employees about the layoffs, which are part of a larger cost-cutting initiative, Barron's said, citing a top company executive. CVX shares were edging 0.7% lower...

12:27 PM EST, 02/12/2025 (MT Newswires) -- Cognizant Technology Solutions ( CTSH ) on Wednesday said it would integrate Elektrobit's automotive software on its platform under a new collaboration. The collaboration would see Cognizant bring Elektrobit's software development kit for EB corbos AdaptiveCore into its software-defined vehicle solution accelerator, the company said. The enhanced accelerator will help original equipment manufacturers...

12:29 PM EST, 02/12/2025 (MT Newswires) -- Indaptus Therapeutics ( INDP ) said Wednesday it has entered a standby equity purchase agreement with YA II PN, or Yorkville. Under the deal, the company can sell up to $20 million worth of its common stock to Yorkville over the next 36 months but is not obligated to do so. The company...

HOUSTON, Feb 12 (Reuters) - Chevron ( CVX ) will lay off 15% to 20% of its global workforce, the U.S. oil company said on Wednesday during an internal employee town hall meeting, according to a source familiar with the matter. The planned layoffs come as the company has said it is targeting $3 billion in cost cuts through 2026...