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Business & Economics

Chevron staffers absorb long-awaited layoffs as CEO pledges accountability

Reuters
Summary
Nutrition label

77% Informative

Chevron announced plans to cut up to 20% of its global workforce last week .

The oil giant's plan to cut as much as a fifth of its workforce - about 8,000 people - comes after oil prices traded in the $ 70 -80 per barrel range for most of the past year .

Chevron said in November it aimed to cut $3 billion in costs by 2026 .

VR Score

88

Informative language

93

Neutral language

64

Article tone

semi-formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

Source diversity

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