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3w ago

Chevron Confirms 600 Job Cuts at Former San Ramon Headquarters

The layoffs, set to begin June 1, are part of Chevron's broader restructuring plan to save $3 billion by 2026.

Chevron plans to lay off 600 Northern California employees as part of a $3 billion cost-cutting strategy, with more potential cuts to follow.
AUSTIN, TEXAS – FEBRUARY 13: The Chevron gas station logo is seen on February 13, 2025 in Austin, Texas. Climbing oil prices are projected to lead to a further increase in gas prices nationwide. Analysts are attributing the rising costs in part to inflation, refineries undergoing maintenance work and President Trump’s more aggressive posture on Iran, after announcing plans to revive the “maximum pressure” campaign against the country, which seeks to bring Iran’s crude oil sales to zero. (Photo by Brandon Bell/Getty Images)
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Overview

  • Chevron will lay off 600 employees at its former headquarters in San Ramon, California, starting June 1, 2025, with affected employees receiving at least 60 days' notice.
  • The job cuts are part of Chevron's global workforce reduction plan, targeting a 15% to 20% reduction in staff to streamline operations and improve efficiency.
  • Relocating its headquarters to Houston earlier this year, Chevron is continuing its efforts to cut $3 billion in costs by 2026.
  • The company is providing support for affected employees, including medical coverage, education and training programs, and career transition services.
  • Chevron is also exploring additional cost-cutting measures, including potential changes to its California refinery operations, though specifics have not yet been determined.