Royal Dutch Shell to layoff up to 9 thousand workers by the end of 2022

In an announcement on Wednesday, Royal Dutch Shell plc (LON: RDSA) said that it was likely to book charges in the fiscal third quarter valued at between £780 million and £1.17 billion. In a bid to minimise costs, therefore, it expressed plans of slashing its workforce by up to 9 thousand jobs in the next two years. Royal Dutch Shell remained almost flat in premarket trading on Wednesday but jumped close to 2% on market open. Shares of the company, however, lost half of the intraday gain in the next hours. On a year to date basis, Shell is now