Thread regarding Shell Oil layoffs

A little light reading

Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.

http://www.businessworld.in/article/Shell-To-Write-Down-Assets-Again-Taking-Cuts-To-More-Than-22-Billion/21-12-2020-356325/#news

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Plus a BPF of 0 this year and 0.5 last year. Yet, no significant changes at the EC level from reshape. Zero accountability at the top.

Then today our business unit EVP sends out a note thanking the teams for all the work in 2020 and wishing them a happy new year. At the end of note are links to all the reshape communications. Tone deaf.

“Good job, congratulations, and many of you will be rewarded with a pink slip. Congrats again!”

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