Wealthy people don't create anything.
And they don't trickle.
The company made sixty-five billion dollars in PROFIT since 2020 and they just now had one bad fourth quarter.
"Chevron to lay off up to 20% of global workforce. Weak margins in the production of gasoline and diesel also hurt Chevron's fourth quarter earnings, as its refining business posted a loss for the first time since 2020"
The axing of workers will send another one billion to shareholders.
The CEO's job is on the line so the solution is to eliminate 8000 workers: The people who actually do the work and create the wealth.
But we all want the wealthy to be in charge of things because they create jobs!