Chevron employees on the chopping block as Houston copes with low oil

​HOUSTON – Chevron Corp. plans to cut 655 Houston jobs this year as part of thousands of cuts already announced for 2016.

The company added that it would provide affected employees with at least six weeks of transition pay, severance and other career transition services.

Chevron first disclosed its overall plans to cut thousands of jobs in October. In the company’s 4Q2015 earnings call in January, Chairman and CEO John Watson provided more specific figures.

The company’s total employee count had decreased by about 3,200 between the end of 2014 and the end of 2015, Watson said. 

Chevron is expected to cut an additional 4,000 jobs this year.
Energy-related companies across the board have been cutting jobs for more than a year as the oil slump continues.

Just last week, BP PLC disclosed it also would cut at least 500 Houston-area jobs as part of 4,000 worldwide cuts it expects this year.