Shell layoffs, on the record
Every job cut, severance charge and restructuring Shell reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from 93,000 to 85,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2022 | 93,000 | at the end of 2022 |
| 20-F for 2023 | 103,000 | the end of 2023 |
| 20-F for 2024 | 96,000 | December 31, 2024 |
| 20-F for 2025 | 85,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryShell cut more than 7,300 jobs under its Reshape strategy, including 3,500 employees who chose to leave on selective voluntary severance.
Word for word“At the end of 2022, after the implementation of our Reshape strategy which saw a reduction of more than 7,300 jobs in Shell, headcount grew by 2,000 to 79,000 people because of the recruitment of employees in Information and Digital Technology and Trading and Supply.” 20-F for 2022
Our summaryShell reported that 3,500 employees elected to leave under selective voluntary severance, which lowered the number of enforced redundancies.
Word for word“The Reshape job reduction includes 3,500 employees who elected to leave Shell on selective voluntary severance (SVS), thereby reducing the number of enforced redundancies.” 20-F for 2022
Our summaryIn 2021 the Marketing segment recorded redundancy and restructuring costs, mainly from Reshape 2020-2021.
Word for word“These net losses are part of identified items and compare with 2021 which included a net gain of $68 million as follows: ▪ net gain from disposal of assets of $290 million (mainly related to the dilution of interest in the Raizen joint venture); ▪ redundancy and restructuring costs of $109 million (mainly the cost of Reshape 2020-2021); and ▪ impairment charges of $106 million (goodwill impairment on acquisitions of Ubitricity and Multi Service Commercial Road Transport card platform).” 20-F for 2022
Our summaryShell recorded charges for redundancy and restructuring in its Chemicals and Products segment earnings for 2023.
Word for word“￮ charges of $84 million related to redundancy and restructuring; partly offset by favourable movements of $213 million related to the fair value accounting of commodity derivatives.” 20-F for 2023
Our summaryShell reported redundancy and restructuring charges as identified items in its operating expenses for 2023.
Word for word“Of which identified items: Redundancy and restructuring (charges)/reversal (325) 46 (226) (Provisions)/reversal (434) 77 (254) Other — (143) (175) Identified items (758) (21) (655) Underlying operating expenses 39,201 39,456 35,309 Total spend on goods and services Total spend on goods and services represents the amounts paid to our suppliers globally and is comprised of both Capital Expenditure and Operating Expenditure.” 20-F for 2023
Our summaryShell recorded $712 million of after-tax redundancy and restructuring charges in 2024 as identified items, with $1,012 million before tax.
Word for word“2024 income attributable to Shell plc shareholders also included net impairment charges and reversals of $ 4,371 million , reclassifications from equity to profit and loss of cumulative currency translation differences related to funding structures, unfavourable movements relating to an accounting mismatch due to fair value accounting of commodity derivatives, and charges related to redundancy and restructuring.” 20-F for 2024
Our summaryUpstream segment earnings in 2024 included $214 million of redundancy and restructuring charges.
Word for word“Segment earnings in 2024 also included a loss of $325 million related to the impact of the weakening Brazilian real on a deferred tax position, net impairment charges and reversals of $323 million and charges of $214 million related to redundancy and restructuring, partly offset by gains of $638 million related to the impact of inflationary adjustments in Argentina on a deferred tax position.” 20-F for 2024
Our summaryMarketing segment earnings in 2024 included $215 million of redundancy and restructuring charges.
Word for word“The 2024 segment earnings also included net impairment charges and reversals of $1,423 million, mainly related to an asset in the Netherlands, net losses of $386 million related to the sale of assets and charges of $215 million related to redundancies and restructuring.” 20-F for 2024
Our summaryThe former Company Secretary received a voluntary severance payment in 2024 under local Dutch policy.
Word for word“During 2024, the former Company Secretary received €1,040,470 gross in voluntary severance payment, in line with local Dutch policy.” 20-F for 2024
Our summaryShell recorded redundancy and restructuring charges in its Chemicals and Products segment for 2024, as part of identified items.
Word for word“Identified items in 2024 included: ￮ net impairment charges and reversals of $1,176 million mainly relating to assets in Singapore; ￮ charges of $142 million related to redundancy and restructuring; and ￮ unfavourable movements of $86 million relating to an accounting mismatch due to fair value accounting of commodity derivatives, partly offset by favourable deferred tax movements of $114 million.” 20-F for 2025
Shell has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Shell’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.