Chevron Corporation, a leading energy firm headquartered in Houston, recently corrected an erroneous report concerning the number of layoffs at its facilities in Midland County, Texas. Initially, the Texas Workforce Commission (TWC) announced nearly 800 planned layoffs, a figure that sparked widespread media coverage and public speculation. On May 29, however, both Chevron and the TWC acknowledged a data entry error and clarified that the actual number of layoffs is 200, significantly lower than first reported.
The revised figure, detailed in a formal WARN Act notice, specifies 185 job cuts at the Deauville Boulevard site, 14 at North GM 1788, and one position at South County Road. These layoffs are set to take effect on July 15, 2025, and are part of Chevron’s broader strategic restructuring plan, which was announced in February. This plan includes a global workforce reduction of 15% to 20%, amounting to 6,750 to 9,000 employees, as part of an effort to enhance competitiveness and streamline operations.
Chevron stressed that affected employees do not belong to unions and lack bumping rights, and the layoffs are deemed permanent. However, the company is committed to assisting impacted workers through relocation opportunities, severance packages, and transition support. The restructuring strategy also involves reducing structural costs by $2 billion to $3 billion and divesting $10 billion to $15 billion in assets by 2028, measures crucial for maintaining viability in the fluctuating energy market. According to its latest SEC filing, Chevron employed 45,298 individuals globally at the end of 2024.