Chevron is laying off 600 workers from its former San Ramon headquarters, just months after relocating its home base to Houston, Texas.
The oil and gas giant revealed the sweeping cut in a WARN document filed to California officials on March 27. Such notices are generally required of large-scale employers under the Worker Adjustment and Retraining Notification Act. The layoffs will launch on June 1, the document declares, and won’t be the last — Chevron wrote that it anticipates “further layoffs” at the location but hasn’t yet chosen the number.
“Chevron is taking action to simplify our organizational structure, execute quicker and more effectively, and position the company for stronger long-term competitiveness,” the company wrote in the notice. “This means we will have fewer positions and unfortunately, fewer people.”
All of the listed cuts are tied to the San Ramon office, which served as Chevron’s global headquarters for more than two decades. In August, Chevron spokesperson Randy Stuart confirmed to SFGATE that the company would formally shift its HQ to Houston, calling the relocate “a continuation of the trconclude we have seen over the last decade.”
“Houston is home to our largest U.S. employee base (approximately 7,000),” Stuart stated in a statement at the time. “Texas offers a business-friconcludely environment, a more affordable cost of living, and better proximity to key counterparts in the service sector, our industest and academia.”
In February, Reuters reported that Chevron intconcludes to lay off 15% to 20% of its workforce by the conclude of 2026.
It’s unclear which roles and departments will be impacted by the 600-worker cut. The company had not responded to SFGATE’s request for comment as of Thursday afternoon.
The layoffs come months after Chevron announced a proposed $53 billion acquisition of Hess Corporation, a deal that is still undergoing regulatory review.
In filings related to the deal, Chevron has stated it anticipates “synergies” — a term often applyd to refer to potential cost savings, including workforce consolidation — but the company has not explicitly linked the Hess acquisition to the San Ramon layoffs.
Chevron reported $17 billion in net income for 2024, according to its most recent annual filing with the Securities and Exmodify Commission. That figure was down from a record $35.5 billion in 2022, but still marked one of the strongest years in company history.
Work at Chevron and want to talk? Contact news reporter Olivia Hebert securely at olivia.hebert@sfgate.com or on Signal at 424-207-76-8.
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