Chevron To Lay Off 20% Of Global Workforce  ...Middle East

Chevron Corp. (NYSE:CVX) has announced that it will lay off 15-20% of its global workforce and reorganize its business structure. The U.S. oil and gas major announced that it will consolidate its  Oil, Products & Gas segment into Upstream and Downstream, Midstream & Chemicals segment, and be led by Mark Nelson,  the current executive vice president of the Oil, Products & Gas unit. "Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained…

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