In 2026, 1 energy company has cut a combined 9,300 jobs, averaging 17.8% of workforce per company.
Energy layoffs in 2026 are driven by post-merger integration and the structural cost pressure on legacy oil and gas. Chevron's 9,300 headcount reduction follows the closing of its Hess acquisition and reflects the broader push to wring synergies out of a sector facing flat demand growth and rising capital discipline from investors.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| Chevron | 7,820 | 17.4% | COST CUT | |
| Centrica | 1,300 | 6.5% | AI-DRIVEN | |
| Chevron | 180 | 0.4% | COST CUT |