Shell Plans a 20% Cut in Its Workforce to Focus on Profitability
SHELShell Global(SHEL) ZACKS·2024-09-10 22:10

Shell plc (SHEL) , the oil and gas giant, is planning to cut down its workforce by 20%. The job cuts are anticipated to affect the oil and gas exploration staff, per a report by Reuters. The report also mentioned that the company's exploration and development and subsurface divisions will undergo restructuring and the effect of the layoffs will be felt in Shell's offices in Houston and The Hague. The layoffs may also affect its offices across Britain, albeit to a lower extent. After Shell's new CEO, Wael Sa ...