Other energy firms following BP's lead in cutting workforce to lower costs.

摘要

After the British energy major announced its intention to cut its global workforce by about 14% (10K employees) to lower costs amid the ongoing oil price rout, other energy firms are following suit. Chevron Corp. (CVX) is looking at laying off up to 15% of its workforce. CVX said these layoffs are part of a plan to streamline its organizational structure amid the current low prices "to reflect the efficiencies and match projected activity levels." The CVX job cuts are part of a previously announced plan by the company to lower operating expenses this year.