Shell Plc is poised to reduce its workforce by approximately 20% within certain oil and gas exploration and development sectors as part of a strategic effort to enhance efficiency and profitability under the leadership of Chief Executive Wael Sawan.
This latest round of reductions follows similar staff cuts previously implemented in the company’s deal-making team, as well as in its low-carbon solutions, chemicals, and offshore wind divisions. The forthcoming cuts will impact Shell’s exploration, strategy, and portfolio segment, as well as its development, subsurface, and wells operations.
The proposed workforce reductions are still subject to discussions with employee representative groups.
“Shell is committed to generating more value while reducing emissions by emphasizing performance, discipline, and simplification throughout the organization,” a company spokesperson stated in an email.
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