Shell has begun hundreds of layoffs, sources with knowledge of the matter told Bloomberg, as the supermajor looks to create more value through simplification and discipline.
Positions in the low-carbon business will be the first to be eliminated, followed by additional job cuts in the corporate affairs division and project and technology departments, Bloomberg’s sources said.
Last year, Shell said it planned to cut 15 per cent of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses on profitable projects including in the oil and gas sector.
The UK-based supermajor plans to eliminate 200 jobs in its Low Carbon Solutions division next year, and is also reviewing the future of another 130 positions in the green energy business, which currently employs around 1,300 people, Shell told Reuters in October.
In December 2023, the oil major announced internally a broader plan for job cuts in other departments, too.
