Shell Plans to Cut 20% of Jobs in Its M&A Unit ...Middle East

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Shell Plans to Cut 20% of Jobs in Its M&A Unit
source : OILPRICE ( Middle East ) () 38
The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, unnamed sources familiar with the plans have told Bloomberg. Shell has been saying for months that it is pursuing a leaner organization and aims to make larger cost savings by reducing headcount. In 2022, Shell employed more than 90,000 people. After job cuts in the low-carbon energy division, Shell has expanded the reductions…

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