Any updates to yet another reorg? I know there are a few mini reorgs in certain BUs in STUSCO. Anyone else?
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F&L Mkting & SC.
Which groups?
Heard some groups were told officially there will be voluntary offers made shortly.
Can someone post something verifiable with substance that will provide us some indication of what’s coming? Wael can’t have that much lockdown on info. If he does he has more control than past CEO’s.
Bring it on. I’m ready, like others, to blow this popsicle stand.
heard layoffs could be as high as 20% by EOY 2024
Heard the HR and CR orgs may be "tweaked"
I agree with the earlier poster that we will not hear about anything until after the Shell People Survey deadline passes. I have not heard of any staff cuts, but I have heard of contractor cuts. I know of at least one group that has instituted a "No Fly Zone" requiring VP-level approval for all int'l travel, departmental global conferences being converted to regional conferences to avoid business-class airfares and hotels, etc.
This all goes back to Capital Markey Days...they're not messing around. I expect we will learn more specifics on how this might affect staff once the Shell People Survey deadline has passed.
No specifics yet, but something is cooking. Many groups have already been told their budgets are being cut for next year and to start looking at what can be removed in order to meet these targets. They may wait until after the PS to pull the trigger. Something like that would not reflect well on management.