Ok, someone needs to come clean. The word on the street is things are coming down the pike and soon. This is coming from multiple sources.
May just be BS or maybe not?
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100% correct the cards were dealt months ago. Interestingly, Steve Jobs of Shell, Dan Jeavons also just got kicked out from the IT LT (didn't even show up for the webcasts with his boss).
Latest news is, a big hit is coming to the SSSC. Krakow is in the cross hair, with plan to move to India and/or KL.
Familiars with the topic claim Platonova and Curtin go years back, hence he was the only feasable candidate.
Meanwhile, a substancial number of jg1 and A are created. Fun fact of the day, the PSPs will get cut for jg2 (50% instead of 87%) and below (25% of jg3, 4 and below can smell the finger), while 1 and above will stay untouched.
HR refuses to comment, but there are already rumours of step 3 cuts around Q2/Q3 '25. Wael really wants his bonus!
Don’t kid yourself. The decisions on who stays and who goes was made months ago, when the org charts were created. No interviews and picking from reviewing CV’s says it all. Everyone fate was sealed before today. I bet most CV’s aren’t even opened.
For anybody interested, vp of architecture just got the boot. Apparently for the second time this decade, naturally with an adequate package. Significant number of jobs is getting ki-led, but recreated immidiatly for end of october MOR. Obviously it is all musical chairs as same people will stay just with changed titles.
Sps asks questions about our leaders, unfortunately none of them with free format reply, and not a single question about the ceo. Question though, would he GAF what the majority of the crew thinks of him.
And so the scale of the IDT cull becomes clearer.
6% India
Average of 17% across UK, NL, US
This held true for Canada - we're in the middle of a bloodbath!
For the remainder of 2024 - no work gets done because the people in seat fear for their jobs and those holding on for severance don't GAF. We all have a black holiday season but are grateful for whatever pittance they end up giving us for bonuses in February because it is going to be scaled down. All the mini-reorgs will be complete in 2025 and leaders realize they cut all the talented people and are left with the mediocre. Hiring starts again and a new CEO is in seat in 2026. Cycle starts over again.
Oh and I am predicting no voluntary severance and competitive MOR.
This post has held up better than most. I’d like to call everyone here back to share their predictions on the remainder of 2024 and 2025, and their thoughts on ‘sprint 2’.
Heard the same about P&T. So many moonshot project being cancelled there will be some collateral damage impact on technology. Oil & Gas R&D will just be tweaking the current technology to improve commodity prices.
"P&T will be torched.................etc." - is this your dream? Is there any hint or evidence anywhere to be seen or smelled?
P&T will be torched, IDT will be the crispiest. UIG will bolt on some inorganic and shed some laggards. Retail - over with. Chemicals sold if buyer. Packages ? Who knows , you know a PIP is meant to grind employees out so they quit… feels like upper management is trying a new trick by putting entire directorates on a PIP so people quit and no SVS payout
Anyone have anything new after the release of Q2 results?
Directors and EVPs etc are all going on vacation in August. I dont expect any news until September - October. Also earnings were not bad, so dont see a big re-org anytime soon. However, capex cuts have been significant and many of the fancy feel good hobby projects have been paused or cancelled.
Based on bleak predictions for Q2 it will be shortly after.
Any updates? Its been quiet, but the investor day made it clear that management is not happy that there are 93k employees....
People throwing random dates for re-orgs not based on any actual info.... Anyone has feel for what the management is actually planning?
I am expecting announcements for some orgs in September.
Timing of any staff cuts seems iffy at this point. Several new directors officially took office on July 1st, so many were expecting some announcements this week or next.. however, it seems unlikely. as usual Shell will be very slow in doing whats needed and do a horrible job when they actually do it.
This round will be more targeted than the transition/reshape level reorgs. Expect high carbon footprint marginal business units to shoulder most of the cuts. Same for marginally profitable countries.
Additionally, with a CEO that was a bag handler this century, he also knows how much bloat there is in the system of formerly shielded and sponsored high flyers that didn’t pan out. He knows they’re a huge bottom line expense and hiding everywhere in the system. How many JG2+s without direct reports do you really need? Ever dig through an org chart and wonder why an LC role has no direct reports or business accountability? Don’t worry, he’s wondered the same.
I agree with your prediction. I think within the next 60 days something will be announced with a target exit of 12/31.
There is no company wide re-shape type re-org coming... but its obvious that they think staff count of 93,000 is ridiculously high for the production and assets. I think big cuts in new energies, chemicals and P&T coming... any thoughts on how and timing ?
I think 2024 SVS is too far out. CEO is not messing around. He wants to rip off the bandaid instead of a slow drawn process.
Regardless, it is coming based on multiple reliable resources. The question is will it be less than the last 4?
Any ideas?
SVS 2024 is in the works. Wael has a simplification plan that involves massive job cuts across all business units. Hang on for the ride.
Chemicals under strategic review. Wouldn’t be surprised to see what’s left of manufacturing to get unloaded.
Hard to know what we are doing when Shell personell are switching positions every 2 to 3 years with little or no transition.
Shell has become a really sh---y company, it is a shadow of its great self and Peter Voser and Ben van Beurden speed it’s seeds of destruction
Remember, there’s a new sheriff in town and he’s starting at the top chopping nuts. Who thinks he’s not going start focusing his fury at the bottom of the barrel.
With the new CEO and budgets getting slashed in many lines of business, there is something coming.
Wishing isn't going to make it happen. Higher frequency than every 5 years signals that we don't know what we're doing, so I'm expecting an announcement in 2024 or 2025. Look at the following series:
Transition 2009/ some SVS in 2016 / Avanti & Reshape in 2020 & 2021.