Anybody hear about the PT Reorg next year?They are holding update meetings in-person and do not have a virtual option. So far I've heard 30% cuts across the org due to no projects in the funnel until at least 2028.
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Please tell me this is sarcasm. Sure, Shell needed to trim some fat, and nobody is denying that. But what Wael is doing could be far worse in the long run. Cutting headcount, selling assets, and pouring billions into share buybacks might make Wall Street happy, but where’s the investment in Shell’s future? There’s a big difference between making a company leaner and hollowing it out. Anyone can cut costs and boost short-term numbers. Building a company that will still thrive 10 or 20 years from now takes actual leadership. At this rate, you have to wonder whether Wael is building Shell’s future or just polishing the numbers while collecting a handsome pay package.
Of course it’s sarcasm. Shell VPs can only see three months into the future. Anything beyond that is conveniently someone else’s problem.
@1qj please tell me this is sarcasm. If you think Shell would disband a group to save costs and not reduce headcount, welcome to Shell. It’s scary in the first 3-5 years of being here. Not much changes after 15 years. This is the first CEO with enough credibility to cut corporate overhead. BvB was gutless. Otherwise he would have cut overhead in line with all of the asset sales and divestments.instead he cowardly made the businesses continue paying for all the bloat to avoid any personal criticism. He was paranoid after greenpeace named him in their lawsuit against Shell. Well guess what BvB that’s why you get an exorbitant pay package. Can’t wait for corporate overhead to be cut 50%. They’ve had a free ride long enough.
@1r0 a friend in P&T said that a 30% cut by June and 50% within 2 years.
I just heard 30 to 50 % job cuts 1st quarter 2027.
We were assured that the ‘lift and shift’ was not a reorganization. Were we lied to?
Any update on computational team?
Power was on reorg, isn't it??
@ad you are many
Again here in Houston at stch no layoffs safe place . We are all good
Most countries will hear about their impact in a couple weeks.