Overview

• Chevron announced it will permanently lay off 600 employees at its former San Ramon, California, headquarters starting June 1, 2025.
• The layoffs are part of a broader plan to streamline operations and cut $3 billion in costs by 2026.
• The company has not yet finalized the scope of additional layoffs at the San Ramon location but anticipates further reductions.
• Chevron recently relocated its global headquarters to Houston, Texas, ending a 145-year presence in the Bay Area.
• Despite the layoffs, Chevron has assured that jobs tied to California refineries and technical operations will remain intact, though it is exploring further cost-saving measures.