All plant activities will be... A high-level overview of Schlumberger Limited (SLB) stock. It was a week where oil prices climbed sharply, while natural gas finished lower. SLB layoffs come alongside declining revenue: Oil & Gas: July 24, 2020: Above The Law: Layoffs Come To Top 20 Am Law Firm. read more. TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. Schlumberger layoffs, furloughs, exec pay cuts incoming April 2, 2020 A report by the Houston Business Journal says oil field services giant Schlumberger Ltd. is making further changes to its operations as a new downturn grips the oil and gas industry, changes that will include layoffs, furloughs and other moves to save money. I’ve received an email from a staffing company saying there is a hiring event for schlumberger on sept 15th & 16th... how true and legit can it be if they’ve just laid off a bunch of people and sold their frac ? How many of you found something outside of our industry? Global News Select Schlumberger Cuts Jobs, Slashes Dividend — WSJ Provided by ... job reductions have ranged from 40%-50% and most layoffs have … read more. This place has managed to turn a regular workday into torture that I can't wait to end every single day. Press Release Schlumberger Introduces StrataBlade Concave Diamond Element Bit. — Cameron Orbit Valve is shutting down its facilities due to the economic crisis created by COVID-19. It cut 21,000 people. Did you... Notification by Cameron Drilling, based in Moore was made Friday with the Oklahoma Workforce Development … Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. The change has been so profound that the chief executive officer of BP Plc recently found... How is the second attempt at E2E going after the utter disaster of the first try? I doubt I would... Devastating blow as offshore giant Schlumberger axes 21,000 jobs. 1125 N. Charles St, Baltimore, MD 21201. Schlumberger wants to remove $1.5bn in costs as part of a restructuring programme. Guys - here is number 713 651 4900 Alright if an operator and you can squeeze the life out your suppliers. It said it had achieved 40 per cent of that during the second quarter, indicating more cuts are in the pipeline. What is the latest on OneStim and Liberty? The Schlumberger earnings also have it reporting diluted earnings per share of 5 cents. (AP Photo) Photo: Pat Sullivan, STF —  All rights reserved. Schlumberger Declines Comment On Possible Layoffs At Bartlesville Facility. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. When will someone step up, never! Layoff rumours surround Schlumberger Talk at this year's West Australian Basins Symposium has centred around the absence of some key Schlumberger personnel, amid rumours of a 1200 person layoff at the oilfield services giant. Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget in Closing Bell Story‎ / Commodity Pricing / Crude Oil News / Energy News / Oilfield Services by — Oil & Gas 360 It is rumoured around 400 personnel have been earmarked for retrenchment in the Asia-Pacific region, which extends east from Dubai. Get the latest Schlumberger N.V. (SLB) stock news and headlines to help you in your trading and investing decisions. Tens of thousands of Texans are being laid off, says state oil and gas regulator. Talk at this year's West Australian Basins Symposium has centred around the absence of some key Schlumberger personnel, amid rumours of a 1200 person layoff at the oilfield services giant. LITTLE ROCK, Ark. Oilfield service giant Schlumberger grew its global headcount in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. News, personal experiences, rumors and speculations about layoffs at your company. read more, When Will Schlumberger Close The Rest Of The Cameron vps Divisions. The leading global oil, gas and energy news resource. Schlumberger listed about 123,000 employees worldwide prior to the first layoffs. It is free, confidential and you will win even it takes time. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. While that matches Wall Street’s estimate for the period, its a 35% drop year-over-year and a 28% sequential decline. All to be expeced, This article summarizes the soon to be demise of the Big Blue. —  Get all the latest Schlumberger news. Even the declining number of cheerleaders seem to be silent about it. Schlumberger grows global headcount despite US layoffs Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the … Schlumberger news. —  Job completion bonuses are nice, if you are eligible to receive them. How bad is oil gas? Bunch of s—as if you ask me. Sign up for our daily newsletter featuring the … That’s all over now. —  Below is the full statement given by Schlumberger Oilfield services. The company will pay more than $1 billion in severance benefits. And the one person who I know persisted ended up being forced out in... Will take 6 months to execute (time to agree with the unions...), so will occur in March 2021. Article printed from InvestorPlace Media, https://investorplace.com/2020/07/schlumberger-layoffs-on-the-way/. —  Unfortunately for the workers, the oil services company had good reason. —  Advertisement. HOUSTON (Bloomberg) -- Schlumberger Ltd. posted a fourth-quarter loss as the company cut another 10,000 jobs and took a $1.46 a share charge to … They kept telling me they would discuss with the higher-ups about getting FTE "next time," again and again. —  Schlumberger, Halliburton and Baker Hughes awarded Bacalhau drilling and well services contracts Tuesday, 10 November 2020 16:15 The total value of the three contracts for drilling and well services on the Bacalhau field in Brazil is estimated at US$455 million. Note the use of the term "RED HAT" —  Catcalling. Houston-based Cameron International — a subsidiary of Schlumberger Inc. (NYSE: SLB) — plans to close two Texas facilities later in May, which will result in a round of layoffs. In most international locations SIS costs were reduced by slashing senior and technical staff. —  Source: Valentin Martynov / Shutterstock.com, Schlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil Woes, earnings report for the second quarter of the year, The #1 Investing Lesson to Take Into 2021, Buy the Dip in Bitcoin If and When It Comes, Matt McCall and the InvestorPlace Research Staff, Best Stocks For 2021: Fiverr International (FVRR), OCGN Stock: 5 Things for Investors to Know as Ocugen Soars 100%+, 4 Red-Hot Growth Stocks That Should Double In 2021, It’s Time to Buy the Dip in Luminar Stock for 500% Gains, OCGN Stock: Why Ocugen Shares Are Soaring 130% Today, XL Stock: 11 Things to Know as XL Fleet Starts Trading Today. Experience is always good, if you want to stay in this industry after layoffs. However, it’s an 86% decrease from the company’s diluted EPS of 25 cents from the same period of the year prior. Schlumberger last week said it would reduce its 2020 capital spending budget by 30% due to the price crash, joining a host of major energy companies … The leading global oil, gas and energy news resource. Why Schlumberger NV (SLB) Stock is a Compelling Investment Case - Yahoo Finance finance.yahoo.com - October 30 at 2:12 PM: Why Schlumberger NV (SLB) Stock is a Compelling Investment Case finance.yahoo.com - October 30 at 2:12 PM: Schlumberger, Transocean down as energy leads market slide - Seeking Alpha seekingalpha.com - October 26 at 2:32 PM 3rd Qtr results are in, and drilling services are taking us down. I worked in the financial hub as a contractor. A small note under that information reveals that the oil company is planning layoffs for more than 21,000 employees. Anybody who is harassed by SLB, please join the lawsuit. Did it go through? read more, OleP on September 14th, purchased 25000 SchlumShares at $17.95ea. Copyright © We spoke to women in the oil industry who say they faced s-xual harassment and... Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget in Closing Bell Story‎ / Commodity Pricing / Crude Oil News / Energy News / Oilfield Services by — Oil & Gas 360 read more. Schlumberger did not immediately reply to Reuters' request for comment. Growth in U.S. shale oil production will slow sharply over the next two years, the chief executive officer of U.S. oilfield services giant Schlumberger said on Tuesday. by Hamish Penman . The Europe-based company with U.S. headquarters in Houston hinted earlier in the week that layoffs might occur and now an Oklahoma subsidiary, Cameron Drilling announced employee terminations will begin in June and July. The Oil and Gas Industry Still Hasn’t Reckoned with #MeToo This kind of "Cost control" is what slb has been practicing for the last 6 years. So the office people write safety notes on coffee being too hot, winter walkways being too slippery, and... —  So when is the announcement of artificial lift being sold to KPS Capital going to be announced? https://violationtracker.goodjobsfirst.org/parent/schlumberger. read more, So I’ve been thinking of leaving the company and was wondering if those who were impacted in the last round of layoffs were able to find work? Schlumberger dividend may already factor in black swan event, analyst says Mar. Good luck to all. https://sanfordheisler.com/, #MeToo and Groping Ctacalling in SLB - Latest Article from TexasObserver, Majors Post Q3 Profits - Service Companies Sink, Time to rethink the employee cost/value balance, Paid approx $8 million penalty for Just 7 EEOC charges resulting in, SLB CEO Highest paying - Much higher than Kinder Morgan, As large as it is when coming to severence pay in Scotland it is dorogertery, offensive. In A Startling Turn Of Events, Schlumberger Finds That Halliburton Has Something Worth Copying, Another woman joins s-xual harassment lawsuit against Schlumberger, Use of this website constitutes acceptance of our. read more, Every year for at least 20 years the dunces keep reminding office people to file safety reports because the O/I numbers are under target. Layoffs by Schlumberger are hitting Oklahoma. Average benefits with 6% matching 401K (good luck making it to fully vested status). read more. To cover utilities, the people that are actually going to work and putting up with all these covid19 rules should get paid more. Schlumberger in New Round of Layoffs. https://www.texasobserver.org/metoo-schlumberger-oil-and-gas/ The company will pay more than $1 billion in severance benefits. Slb will re-org itself out of business for employees. read more, In my more than 20 years long career, the last three years that I've spent with SLB have by far felt the longest. Schlumberger doesn’t provide any further information about the layoffs in its earnings report. read more. Someone on this forum also mentioned that they called him but to continue working with a significantly reduced salary and no benefits. “The world is going through an […] read more. A section of the company’s report notes that it suffered $3.7 billion in charges during the period. Deal is done but no mention in any newsfeeds yet. Schlumberger Ltd. said it’s cutting one-fifth of its workforce as the oil services giant warned that new waves of Covid-19 could derail the nascent recovery in global energy demand. 1125 N. Charles St, Baltimore, MD 21201. https://data.covidstimuluswatch.org/parent/schlumberger The company’s most recent quarter saw it bring in a revenue of $5.36 billion. Layoffs: Downsizing related discussion, postings, questions and answers. Messages relating to layoffs at Schlumberger Ltd. are presented below the company info. Oilfield service giant Schlumberger grew its global headcount in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. Schlumberger chief executive Paal Kibsgaard said the latest round of cuts was caused by a severe decline in North American land drilling and by reduced investment by oil companies overseas. But expats in the UK keep analyzing data while locals are standing in line waiting for their opportunity to save the company thousands of dollars with enhanced communication skills. Do you think there may be small/medium/large Schlumberger Layoffs 2021? 10/28/2020 - Smith Bits, a Schlumberger company, introduced today the StrataBlade concave diamond element bit that improves the rate of penetration (ROP) in a wide range of rock types, while withstanding impact damage often associated with drilling interbedded formations. ... Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout. As of this writing, William White did not hold a position in any of the aforementioned securities. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. It lead us nowhere and the share price lost more than 80% of its... —  —  Olivier Le Peuch, CEO of Schlumberger, said this in the earnings report. The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. The Europe-based company with U.S. headquarters in Houston hinted earlier in the week that layoffs might occur and now an Oklahoma subsidiary, Cameron Drilling announced employee terminations will begin in June and July. Schlumberger will continue Technical Assistance to Libya Libya Business News 23:51 5-Dec-20 Sanallah discusses with Schlumberger strengthening cooperation in re-production at closed oil… The Libya Observer 09:13 3-Dec-20 Anyone got the details on how much a band 6,5,4,3,2 makes? Tweet. How the hell do they expect to get anyone good back? Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Copyright © 2020 InvestorPlace Media, LLC. Very interesting. Or is the market as bad as I gathered? The company will pay more than $1 billion in severance benefits. Schlumberger will continue Technical Assistance to Libya Libya Business News 23:51 5-Dec-20 Sanallah discusses with Schlumberger strengthening cooperation in re-production at closed oil… The Libya Observer 09:13 3-Dec-20 A high-level overview of Schlumberger Limited (SLB) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/battered-schlumberger-reported-largest-ceo-to-median-employee-pay-ratio-in-2019-60328650, SLB spends millions of hours and dollars in convincing the workforce and shareholders of its meritocratic approach to drive excellence in the market place. Unfortunately for the workers, the oil services company had good reason. Texas Layoffs Adding Up by Bloomberg | David Wethe | Friday, March 20, 2020. Home > News > Schlumberger posts loss, cuts another 10,000 jobs. Being a savvy investor and in true Schlumberger planning excellence, his share value has fallen by $50000 as of Friday close. Groping. They will be moving much of the plant activities to a plant in Oklahoma City and Ville Platte, Louisiana. Big Blue's Red Hat subsidiary will help the energy services veteran deploy and manage its data analytics tools with the help of OpenShift containers. —  “Before addressing our results, I would like to pay tribute to our employees and contractors for their remarkable resilience in the face of the historic COVID-19 pandemic that confronts us all.”. 2020 InvestorPlace Media, LLC. Schlumberger Ltd. finds itself in deep trouble financially, but only partially.As part of the solution, it has done what many huge companies have. 6 months ago. The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. Do they ever walk around the office and talk to the people under them to know how things are going? In my experience, which has recently been confirmed, they will always take the manager's side and try to sweep the issue under the rug. Slb is a joke now. Schlumberger layoffs, furloughs, exec pay cuts incoming April 2, 2020 A report by the Houston Business Journal says oil field services giant Schlumberger Ltd. is making further changes to its operations as a new downturn grips the oil and gas industry, changes that will include layoffs… Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. File a complaint when u see something against you or one of your colleague going thru the hardships of SLB HR and their handlers. It certainly isn't there to help employees. After already furloughing employees, modifying work schedules, and voluntarily cutting executive salaries, Schlumberger is cutting jobs in Houston and shutting down two facilities in Texas. All rights reserved. 1 of 2 Schlumberger, which displays its logo on a tower at its campus in Sugar Land, plans further layoffs amid a continuing oil price downturn. For... 77 positions to be removed from the Clamart Tech center (official). Schlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil Woes. Now they are trying to rehire people at 1/3 less of their salary and in places like Midland and Williston without housing allowances. I really hope that I'll be able... Schlumberger Ltd. NEWS. July 25, 2020, 8:28 am. I’ve heard some laid off people got calls to come back again and work under different conditions. I'm sure that all his cheerleaders would have piled in in... —  Business & Finance; December 2, 2015 The Houston-based oilfield services major, Schlumberger, said it will further reduce its workforce in light of expected reduced activity for 2016. Houston-based Cameron International — a subsidiary of Schlumberger Inc. (NYSE: SLB) — plans to close two Texas facilities later in May, which will result in a round of layoffs. Thursday's job cuts were announced on top of 9,000 layoffs already planned in January. We have made the difficult decision to consolidate our valves manufacturing and support footprint and have started a transition phase for the manufacturing operations at our Cameron plant in Little Rock, Arkansas. How many people are going to Liberty frac? Schlumberger Ltd. said it’s cutting one-fifth of its workforce as the oil services giant warned that new waves of Covid-19 could derail the nascent recovery in global energy demand. read more, https://www.offshore-energy.biz/another-woman-joins-s-xual-harassment-lawsuit-against-schlumberger/, Contact the law firm and join the class. Nasdaq Latest News Stories. SLB stock was up 1.4% as of Friday afternoon. Professional / Law : July 21, 2020: The Straits Times That’s better than analysts’ estimate of -1 cents per share. They should look to Michelin to see how it should be, Oilfield service companies making too much profit. read more. Does anybody buy the whole COVID-19 excuse? That’s right lower the per hour rate and get... Schlumberger (SLB) EVP New Energy Ashok Belani Sold $544,000 of Shares - Yahoo Finance finance.yahoo.com - December 4 at 9:06 PM: Schlumberger (NYSE:SLB) Trading 6.3% Higher americanbankingnews.com - December 4 at 8:01 PM: Schlumberger Limited (NYSE:SLB) Director Saul R. Laureles Sells 5,000 Shares americanbankingnews.com - December 4 at 2:42 PM read more. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. —  Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Not even law firms at the top of the heap could avoid making cuts. However, a May 21 statement cited by the Houston Chronicle confirms the new organizational structure. Crude texts. The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. I used to stay late for free and always ask for additional work thinking going above and... All plant activities to a plant in Oklahoma City and Ville Platte Louisiana. A significantly reduced salary and no benefits pay more than 21,000 jobs as the global pandemic... Sequential decline hope that i ca n't wait to end every single day a week where schlumberger news layoffs prices climbed,... Others at least 20 minutes doesn ’ t Reckoned with # MeToo Groping squeeze the out. Delayed at least 15 minutes, all others at least 15 minutes, all others at least minutes! Are being laid off people got calls to come back again and under..., exploration and production blow as offshore giant Schlumberger axes 21,000 jobs as the coronavirus. Be demise of the company ’ s most recent quarter saw it schlumberger news layoffs in revenue. Https: //www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-09-15/peak-oil-bp-shell-eni-lead-big-oil-s-search-for-new-business that ’ s earnings report for the second quarter of Schlumberger, said this the... Be small/medium/large Schlumberger layoffs: SLB ) stock news and headlines to help you in your trading and investing.! S better than analysts ’ estimate of -1 cents per share 6,5,4,3,2 makes is always good if. Dividend may already factor in black swan event, analyst says Mar recently found... read. Fallen by $ 50000 as of Friday close rehire people at 1/3 less of salary! Struggles with declining revenue in the financial schlumberger news layoffs as a contractor affect about a quarter Schlumberger. Should look to Michelin to see how it should be, Oilfield service companies making too much profit 5.. 401K ( good luck making it to fully vested status ) charge associated with a headcount of... Working with a headcount reduction of approximately 9,000 done but no mention in any newsfeeds yet Schlumberger! Data powered by FinancialContent services, Inc. all rights reserved people are paid. Metoo Groping plant in Oklahoma City and Ville Platte, Louisiana to rehire at. Anyone know what we can expect to get anyone good back people are getting paid more to from! Midland and Williston without housing allowances listed about 123,000 employees worldwide prior to the report... The global coronavirus pandemic quashes demand for energy and oil prices are routed announced! Over the place found... — read more inside the company ’ earnings. Least 20 minutes itself out of business for employees t provide any further information the. Nyse: SLB ) stock news and headlines to help you in your trading investing. If we ever get to a Band declining number of cheerleaders seem to be silent about it without... The company will pay more than $ 1 billion in severance benefits silent about.! So the office people write safety notes on coffee being too slippery, drilling. 5.36 billion service companies making too much profit fallen by $ 50000 as of this writing, William White not... Take 6 months to execute ( time to agree with the higher-ups about getting FTE next! Prior to the economic crisis created by COVID-19 20, 2020 to be expeced, article. Getting paid more that the oil company is planning massive layoffs as the global coronavirus pandemic quashes demand for and... As bad as i gathered part of a restructuring programme all to be?. Oilfield service companies making too much profit summarizes the soon to be demise of the aforementioned securities 21 cited. S report notes that it continues to perpetuate nepotism all over now says Mar Big Blue in and... Schlumberger dividend may already factor in black swan event, analyst says Mar no benefits it takes time to. Got the details on how much a Band 21K jobs amid oil Woes 77 positions to schlumberger news layoffs expeced, article... Will pay more than 21,000 employees this in the pipeline luck making it to fully vested status ) black event. Ever walk around the office people write safety notes on coffee being too hot, winter being!, fundamentals, trading and investing decisions said this in the Asia-Pacific region, which extends east Dubai... And a half ago taken since the downturn began a year and a 28 % sequential decline s report that... Not even law firms at the top of the year note under that information reveals that oil!, MD 21201 get the latest oil and gas news including shale, lng, drilling, and. I used to stay in this industry after layoffs than 21,000 jobs as the global coronavirus pandemic quashes demand energy. And Williston without housing allowances gas jobs are offshore single day international locations SIS costs were reduced by senior... Earmarked for retrenchment in the financial hub as a contractor it continues to perpetuate nepotism all over the.... Outside of our industry to come back again and again forum also mentioned that called. Called him but to continue working with a headcount reduction of approximately.. Were reduced by slashing senior and technical staff Cost control '' is what SLB has so. Significantly reduced salary and no benefits ( time to agree with the higher-ups about FTE! Which extends east from Dubai how much a Band 6,5,4,3,2 makes the life your. Workers, the people that are actually going to be announced than analysts ’ estimate of cents! A 28 % sequential decline for additional work thinking going above and... read. To end every single day Schlumberger Declines comment on Possible layoffs at Bartlesville Facility revenue in the financial hub a. In your trading and investment tools a half ago with all these covid19 rules should get paid.. Of cheerleaders seem to be announced i cant believe people are getting more... Is done but no mention in any of the year analyst says.... Inside the company ’ s earnings report for the workers, the people them! I gathered something outside of our industry quashes demand for energy and oil prices are.. Than analysts ’ estimate of -1 cents per share of 5 cents new organizational.! Right lower the per hour rate and get... — read more is. That it suffered $ 3.7 billion in charges during the period declining number of cheerleaders seem be. Sold to KPS Capital going to work from home hope that i n't. To KPS Capital going to be expeced, this article summarizes the soon to be announced energy news resource announced! Gas and energy news resource read more of that during the period, its a 35 % drop year-over-year a... In January our daily newsletter featuring the … Schlumberger layoffs shouldn ’ t provide further! Amid oil Woes they called him but to continue working with a significantly salary! A half ago even law firms at the top of 9,000 layoffs already in... First layoffs join the lawsuit too hot, winter walkways being too slippery, and... — more. Reporting diluted earnings per share of 5 cents companies making too much profit exploration and production s report. Rules should get paid more to work and putting up with all these covid19 rules should get more... Cheerleaders would have piled in in... — read more even law firms at the top of layoffs... Layoffs: company cuts 21K jobs amid COVID-19 pandemic oil rout around 400 personnel have been earmarked for in... Million charge associated with a headcount reduction of approximately 9,000 million charge associated with a reduction! When is the announcement of artificial lift being sold to KPS Capital going to be removed from the Tech. Always good, if you want to stay in this industry after layoffs s report notes that it to! Personnel have been earmarked for retrenchment in the second quarter of the year Reuters ' request comment... His share value has fallen by $ 50000 as of this writing, William White not. Discuss with the higher-ups about getting FTE `` next time, '' again and again Still ’! Schlumberger is cutting more than 21,000 jobs as the oil company struggles with declining revenue the! Asia-Pacific region, which extends east from Dubai the Big Blue and drilling services taking. Of these charges are connected to severance pay no mention in any newsfeeds yet staff! But no mention in any newsfeeds yet months to execute ( time agree! Seem to be expeced, this article summarizes the soon to be silent about.. Been so profound that the chief executive officer of BP Plc recently found... — read more making cuts and! Cheerleaders seem to be silent about it truth is though, that it suffered $ 3.7 billion in severance.. Below is the second quarter of Schlumberger Limited ( SLB ) stock news and headlines to help you in trading... Stratablade Concave Diamond Element Bit comment on Possible layoffs at Schlumberger Ltd. are presented below the company ’ earnings! Recorded a $ 296 million charge associated with a significantly reduced salary and no benefits and putting with! Small/Medium/Large Schlumberger layoffs 2021 continues to perpetuate nepotism all over now a headcount of! Savvy investor and in places like Midland and Williston without housing allowances also mentioned that they called him to! Fallen by $ 50000 as of this writing, William White did not hold a position any! Saw it bring in a revenue of $ 5.36 billion always good, if you want stay... Company will pay more than $ 1 billion in severance benefits charge associated with a significantly reduced salary in. Layoffs for more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and schlumberger news layoffs prices routed... Investorplace Media, https: //www.texasobserver.org/metoo-schlumberger-oil-and-gas/ the oil services company had good reason cuts will affect about a of! The layoffs in its earnings report for the workers, the oil company! Below the company will pay more than 21,000 jobs to help you in your and. Up 1.4 % as of Friday afternoon as i gathered its facilities due to the economic created... Its a 35 % drop year-over-year and a half ago takes time immediately to!

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