Chevron says the local job cuts are part of an "anticipated reduction of 4,000 employees in 2016."
Chevron released this statement:
- "In light of the current market environment, Chevron continues to take action by revising organizational structures, increasing efficiencies and reducing expenses. As part of this, we have undertaken a previously announced workforce reduction across our Upstream group. In Houston, this will result in a reduction of approximately 655 positons in 2016. We are sensitive to the concerns of impacted employees, we are providing them a minimum of six weeks transition pay, severance and career transition services."
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