Shell to Cut 200 Jobs in Low-Carbon Division, Scales Back Hydrogen Business

Shell refocuses efforts after failing to secure federal funding, committing to spend $10-15 billion on various low-carbon energy initiatives over the next two years despite job cuts and reduction in hydrogen-light mobility operations.

Shell is set to cut 200 jobs in its low-carbon solutions division, with a further 130 roles under review as part of a broader restructuring effort under CEO Wael Sawan.
She'll’s decision to reduce staffing levels follows its failure to secure a grant from the $7 billion federal funding package to develop hydrogen energy. Shell had applied for funding with a proposed hydrogen hub in Louisiana.
Despite reducing staffing in its low-carbon division, Shell still plans to invest between $10-15 billion in low-carbon energy initiatives over the next two years. These investments will include areas such as biofuels, hydrogen, carbon capture and electric vehicle charging.
The biggest impact of the job cuts will be in the hydrogen-light mobility unit, otherwise known as Shell's division for hydrogen solutions for cars. Two of the four general manager roles in the hydrogen section will be merged.
In a strategic pivot, Shell's new CEO intends to boost the company’s profits, grow its natural gas production, and maintain stable oil output, amidst criticisms for the company's contribution to climate change.