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EXCLUSIVE-Chevron to cut up to 15% of staff amid restructuring

May 27, 2020 - Nasdaq

B y Shariq Khan and Jennifer Hiller May 27 (Reuters) - Chevron Corp CVX.N will cut 10% to 15% of its worldwide workforce as part of an ongoing restructuring at the second-largest U.S. oil producer. The oil producer previously disclosed a 30% reduction in its 2020 spending and some voluntary job cuts amid this year's sharp drop in oil prices and lower demand for oil and gas due to the COVID-19 pandemic. C hevron has been widely seen as the standard bearer of financial discipline in the oil ind...