I recently read that Chevron Phillips Chemical announced approximately 130 job cuts as part of a corporate restructuring. I wonder which departments and roles within the company will be affected first. Are these only office positions, or could those working in production also lose their jobs? Does anyone have any information about what will happen next with this process?

I read this article on the GetTransport blog. I realized that office and corporate roles were the first to be affected. They said that factories would be spared for now because production is necessary, but there is no 100% guarantee. The article gave the impression that Chevron Phillips layoffs are more about cost-cutting and restructuring than closing factories. But they also hinted that if the market situation gets worse, they might go further. Management says this is just the first stage, which doesn't sound very encouraging. So, most likely, this isn't the end of the story. What do you think about all this?