Chevron Corporation has reportedly notified its employees in Houston office in Texas, United States of America that it plans to lay off nearly 700 employees as part of a “cost-cutting program expected to eliminate up to 15% of its workforce.
Affected employees are being asked to reapply for their existing positions, with layoffs set to take place beginning October 23rd.
According to Reuters, impacted Chevron staff will receive “enhanced severance benefits and two months to leave the company.”
A Chevron spokeswoman said majority of the employees will have their appointment terminated by the end of the year.
The Houston layoffs are part of Chevron’s broader plans to eliminate as many as 6,000 jobs worldwide.
