Shell begins layoffs to boost performance

Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first to be eliminated, Bloomberg reported on Thursday.

Staff members were given details regarding the layoffs this week, after the broader plan for reductions was announced in the company in December.

Other departments such as the corporate affairs division will also see layoffs, while projects and technology are to follow, Bloomberg added.

“Shell aims to create more value with less emissions by focusing on performance, discipline and simplification,” a spokesperson said. “Achieving those reductions will require portfolio high grading, new efficiencies and a leaner overall organisation.”

By the end of 2022, Shell had employed around 93,000 globally on a full and part-time basis, more than double those employed by Chevron.