Shell Slashes 20% of Workforce to Protect Its Sacred Profit Margin – Because Who Needs Jobs or the Planet?
Posted by John Donovan: 10 Sept 2024
Ah, Shell. The oil giant that keeps proving, time and again, that profits come first, second, and somewhere around 127th is anything that looks remotely like human or environmental concern. In their latest stroke of genius, Shell has decided to cut 20% of its workforce. Because nothing screams “we care” like laying off thousands of people in an industry that’s already hemorrhaging jobs. But hey, it’s all in the name of “profitability,” right?
Apparently, under the wise and benevolent leadership of CEO Wael Sawan, Shell has pivoted from being an oil-and-gas polluting behemoth to a slightly smaller oil-and-gas polluting behemoth. The company’s goal? To save a few billion dollars—$2-$3 billion by the end of 2025, to be exact—so they can continue showering their beloved shareholders with cash. Because, let’s face it, nothing says “value creation” quite like firing people while you’re rolling in oil money. read more
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