In October 2015, Chevron announced that it was planning on cutting upwards of 7,000 positions, and now they're saying that 237 positions will be cut in 2016.

Justin Salters, PR, strategic communications for Chevron said:

In light of the current market environment, Chevron continues to take action by reducing expenses, increasing efficiencies and revising organizational structures. As part of this, Chevron is undertaking a process across its Upstream group to ensure people with skills needed to achieve near-and long-term business objectives are retained. This will result in a workforce reduction, which is part of the previously announced reductions.

 As part of these efforts to ensure we maintain a sustainable and competitive business in the San Joaquin Valley, we expect a reduction of 237 employees in 2016.