Schlumberger cuts another 11,000 jobs as oil industry braces for next wave
April 17, 2015 | Company Operations, Employment
Workforce reduced by 15% since oil fall London, UK | – Schlumberger Ltd., the world’s largest oilfield services provider, will eliminate an additional 11,000 positions in a sign the industry will undergo another round of job cuts as a result of tumbling crude prices. The latest announced reductions bring the company’s total to 20,000, making its workforce about 15% smaller than it was during third-quarter 2014. Schlumberger had announced plans in January to eliminate 9,000 positions, in what was then the single largest cut in the industry. Energy …