Shell will reportedly lay off about 20 per cent of its workforce, which might be around 18,000 employees, in its oil exploration, development and subsurface units. The layoffs can be seen as of Shell's strategy to cut operating expenses by USD 3 billion by the end of 2025. The Layoff Tracker (@WhatLayoff) shared this information on X on August 30, 2024, highlighting the impact of these layoffs in the company. As per a report of Reuters, Shell’s CEO, Wael Sawan, plans to scale back the oil and gas exploration and development employees at around 20 per cent as part of a cost-saving measure. The step might be a part of Shell's efforts to streamline operations in its most profitable divisions. Apple Layoffs: iPhone-Maker Cutting 100 Jobs in Its Digital Services Group as Part of Shift in Priorities for Critical Division.

Shell To Lay Off Around 18,000 Employees

Shell To Lay Off 20 Percent of Its Employees

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