Energy
Chevron Flags Possible Job Cuts in $3 Billion Cost Plan
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Chevron Corp. indicated potential US job cuts as part of a new cost-cutting plan.
The $3 billion in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, Chief Executive Officer Mike Wirth said during an interview. Chevron recently opened up a $1 billion innovation hub in Bengaluru, India, which is hiring workers for engineering and digital services.