Chevron announces potential job cuts in the USA: A strategic move to reduce costs

Chevron plans potential layoffs in the USA as part of a comprehensive cost reduction strategy. CEO Mike Wirth stated that by selling assets, utilizing new technologies, and changing workflows, approximately $3 billion in 'structural' cost savings are to be achieved. Additionally, Chevron recently opened an innovation center in Bengaluru, India. This center, with a $1 billion investment, aims to employ specialists in engineering and digital services. The strategic realignment could indicate that Chevron is further advancing its global technology and innovation strategy while simultaneously implementing efficiency-driven cost reduction measures in the USA.