Chevron staffers absorb long-awaited layoffs as CEO pledges accountability

During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant's success in Colorado as the largest oil and gas producer in the state. Less than 30 minutes later, executives announced plans to cut up to 20% of the global workforce. Despite progress in safety and financial performance, Chevron had fallen behind its competitors, company leaders told employees during the internal meeting on February 12.