Shell Cuts 20% of Staff in Workforce Reduction, Targets Exploration & Development Divisions

What’s Happening at Shell?

Shell, the global oil and gas giant, is planning to reduce its workforce by 20%, with significant impacts to oil and gas exploration staff, according to a report by Reuters.

The company’s exploration, development, and subsurface divisions will undergo major restructuring, with layoffs anticipated to primarily affect Shell’s offices in Houston and The Hague. While the layoffs are expected to have less of an impact, Shell’s offices in Britain may also experience some reductions.

Official Statements and Context

The workforce reduction is part of a larger strategic effort led by Shell’s new CEO, Wael Sawan, aimed at creating more shareholder value and simplifying the company’s operations. This restructuring plan includes:

• A cost-cutting target of $2-$3 billion by 2025.
• Divestiture of major assets, including the Deer Park Refinery (sold to Pemex in 2022) and the Mobile refinery (sold to Vertex Energy in 2022).
• A reduced focus on investments in the renewables sector, despite market pressures.

Impact in Canada

It remains unclear exactly how many Shell employees in Canada will lose their job as a result of these layoffs.

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Shell for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.