Shell Cuts Low Carbon Jobs, Scales Back Hydrogen in CEO Overhaul

LONDON, Oct 25 (Reuters) – Shell  will cut around 15% of its low-carbon division workforce and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, the company told Reuters on Wednesday.

Shell will cut 200 jobs and has placed another 130 positions under review as part of a drive to simplify and reduce the headcount in the unit, a spokesperson said.

The cuts will be implemented by 2024.