Chevron shift to Texas: Oil and gas giant to lay off 600 workers in California as it relocates corporate operations to Houston

HOUSTON, Texas (KTRK) — Chevron is in the process of laying off about 600 employees based in California as the company prepares to shift corporate operations to the Houston area.

The video above is from the original report.

According to ABC13’s news partners at the Houston Chronicle, the layoffs will affect several different departments.

The company plans to lay off about 15-20% of its workforce globally during the next two years as it restructures operations, and more cuts are likely in the near future.

Here’s what Houstonians can expect to see once Chevron leaves California for Houston, Texas, becoming the latest Fortune 500 company.

Officials with the company declare they’re building the shift becautilize Texas offers a more “business-friconcludely environment.”

It currently has its hugegest employee base in the U.S., with about 7,000 workers.

The Chronicle reports the initial rounds of cuts are scheduled to take place on June 1.

“Chevron is taking action to simplify our organizational structure, execute quicker and more effectively, and position the company for stronger long-term competitiveness. This work includes optimizing the portfolio, leveraging technology to enhance productivity, and modifying how and where work is performed, including the expanded utilize of global centers. We believe modifys to the organizational structure will improve standardization, centralization, efficiency, and results, unlocking new growth potential and assisting Chevron drive industest-leading performance now and into the future,” the company declared in a statement.

Editor’s note: It was initially reported that 25% of the workforce would be cut, but that has since been corrected to 15-20% globally.

A recent report predicts the value of AI in the oil and gas sector will rise to nearly $6 billion by 2028, with Houston being a hub for innovation in the development of AI in the industest.

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