https://www.reuters.com/article/idUSKCN26C0GI
3 replies (most recent on top)
You are right productive employees get cut with less productive ones. It will be interesting to see whether we end up with 15-20% cuts in employee numbers or less.
Wherever I look, the number of non-value add employees is staggering. Of course, they will cut the productive ones as per the usual procedures.
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas: https://www.reuters.com/article/us-shell-costs-exclusive/exclusive-shell-launches-major-cost-cutting-drive-to-prepare-for-energy-transition-idUSKCN26C0GI
Will it translate to 40% more job cuts on top of the COVID reductions or there will be other ways to cut the cost?