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Views: 129, Date:30/May/2016


Shell’s job losses now equal Facebook’s entire payroll


Royal Dutch Shell announced that it would eliminate another 2,200 positions, which means that its total job losses is roughly equivalent to the entire payroll of the tech giant Facebook.

By the end of 2016, Shell will have slashed 12,500 positions, a staggering total for one company. According to Statista, Facebook only employed 12,691 people as of 2015.

Much of Shell’s attrition is due to the collapse of oil prices, which has plunged the Anglo-Dutch oil major into a cash flow crisis. However, other job losses are due to its purchase of BG Group – synergies between the two companies will lead to the loss of around 2,800 positions, the company previously said. The combined Shell-BG company employed 94,600 people at the start of the year.

Source: USA Today.com






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