Latest News Stories. 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. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. read more. Schlumberger (NYSE:SLB) is planning massive layoffs as the oil company struggles with declining revenue in the second quarter of 2020. Home News Schlumberger in New Round of Layoffs. — Get the latest Schlumberger N.V. (SLB) stock news and headlines to help you in your trading and investing decisions. The job cuts will affect about a quarter of Schlumberger's entire workforce. Nasdaq A section of the company’s report notes that it suffered $3.7 billion in charges during the period. Do you think there may be small/medium/large Schlumberger Layoffs 2021? Copyright © — Cameron Orbit Valve is shutting down its facilities due to the economic crisis created by COVID-19. — That’s all over now. Article printed from InvestorPlace Media, https://investorplace.com/2020/07/schlumberger-layoffs-on-the-way/. 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 “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.”. — 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. 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. read more. All to be expeced, This article summarizes the soon to be demise of the Big Blue. — Schlumberger introduces new concave diamond element bit Friday, 30 October 2020 09:30 Smith Bits, a Schlumberger company, has introduced the StrataBlade* concave diamond element bit. In most international locations SIS costs were reduced by slashing senior and technical staff. It certainly isn't there to help employees. All rights reserved. — 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. The Schlumberger earnings also have it reporting diluted earnings per share of 5 cents. Catcalling. — Schlumberger wants to remove $1.5bn in costs as part of a restructuring programme. Layoffs by Schlumberger are hitting Oklahoma. And the one person who I know persisted ended up being forced out in... Did you... 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… 19, 2020 12:40 PM ET Schlumberger Limited (SLB) By: Carl Surran , SA News Editor 17 Comments The change has been so profound that the chief executive officer of BP Plc recently found... Thursday's job cuts were announced on top of 9,000 layoffs already planned in January. The leading global oil, gas and energy news resource. 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. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Schlumberger Ltd. 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 … It is free, confidential and you will win even it takes time. HOUSTON, Dec. 23, 2020 /PRNewswire/ -- Vishal Chaturvedi, MBA, a financial controller with proven expertise in driving process improvements, was promoted to … Covering the latest oil and gas news including shale, lng, drilling, exploration and production. This kind of "Cost control" is what slb has been practicing for the last 6 years. The company will pay more than $1 billion in severance benefits. Do they ever walk around the office and talk to the people under them to know how things are going? (Bloomberg) -- … by Hamish Penman . The company’s most recent quarter saw it bring in a revenue of $5.36 billion. Schlumberger in New Round of Layoffs. 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 It was a week where oil prices climbed sharply, while natural gas finished lower. Truth is though, that it continues to perpetuate nepotism all over the place. read more, OleP on September 14th, purchased 25000 SchlumShares at $17.95ea. ... 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 Below is the full statement given by Schlumberger Oilfield services. Get all the latest Schlumberger news. Now they are trying to rehire people at 1/3 less of their salary and in places like Midland and Williston without housing allowances. 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. Did it go through? SLB layoffs come alongside declining revenue: Oil & Gas: July 24, 2020: Above The Law: Layoffs Come To Top 20 Am Law Firm. LITTLE ROCK, Ark. Advertisement. According to the earnings report, Schlumberger $1.02 billion of these charges are connected to severance pay. https://data.covidstimuluswatch.org/parent/schlumberger I'm sure that all his cheerleaders would have piled in in... — 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. 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. read more. The Oil and Gas Industry Still Hasn’t Reckoned with #MeToo The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. A high-level overview of Schlumberger Limited (SLB) stock. As a FORMER 38 year employee with "Big Red", I bow to our... They will be moving much of the plant activities to a plant in Oklahoma City and Ville Platte, Louisiana. The company will pay more than $1 billion in severance benefits. Schlumberger Declines Comment On Possible Layoffs At Bartlesville Facility. It lead us nowhere and the share price lost more than 80% of its... File a complaint when u see something against you or one of your colleague going thru the hardships of SLB HR and their handlers. 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. “The world is going through an […] The company will pay more than $1 billion in severance benefits. All rights reserved. Even the declining number of cheerleaders seem to be silent about it. It said it had achieved 40 per cent of that during the second quarter, indicating more cuts are in the pipeline. I cant believe people are getting paid more to work from home. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed by the world's largest oilfield services company close to where it was at … Schlumberger dividend may already factor in black swan event, analyst says Mar. Unfortunately for the workers, the oil services company had good reason. Notification by Cameron Drilling, based in Moore was made Friday with the Oklahoma Workforce Development … 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. Crude texts. 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. Layoffs by Schlumberger are hitting Oklahoma. Schlumberger listed about 123,000 employees worldwide prior to the first layoffs. Job completion bonuses are nice, if you are eligible to receive them. 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 ? 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. https://www.texasobserver.org/metoo-schlumberger-oil-and-gas/ Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. July 25, 2020, 8:28 am. https://violationtracker.goodjobsfirst.org/parent/schlumberger. Does anybody buy the whole COVID-19 excuse? Stock analysis for Schlumberger NV (SLB:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. As of this writing, William White did not hold a position in any of the aforementioned securities. Being a savvy investor and in true Schlumberger planning excellence, his share value has fallen by $50000 as of Friday close. ... Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout. read more. It cut 21,000 people. 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. 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. Good luck to all. read more. That’s better than analysts’ estimate of -1 cents per share. 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. Sign up for our daily newsletter featuring the … I worked in the financial hub as a contractor. — Or is the market as bad as I gathered? Not even law firms at the top of the heap could avoid making cuts. 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. 77 positions to be removed from the Clamart Tech center (official). Schlumberger is slashing its global workforce, but workers in 1 country say the company is taking advantage of weak labor laws to stiff them of fair... So when is the announcement of artificial lift being sold to KPS Capital going to be announced? I really hope that I'll be able... The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. quotes delayed at least 15 minutes, all others at least 20 minutes. That’s right lower the per hour rate and get... The Schlumberger layoffs shouldn’t come as any surprise. So the office people write safety notes on coffee being too hot, winter walkways being too slippery, and... 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. I used to stay late for free and always ask for additional work thinking going above and... However, a May 21 statement cited by the Houston Chronicle confirms the new organizational structure. — Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. TheLayoff.com is live since January 31, 2009! Texas Layoffs Adding Up by Bloomberg | David Wethe | Friday, March 20, 2020. For... 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. Bunch of s—as if you ask me. 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. 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. Anyone got the details on how much a band 6,5,4,3,2 makes? Olivier Le Peuch, CEO of Schlumberger, said this in the earnings report. HR just announced that future job moves may involve cuts to bonus levels. — Schlumberger layoffs confirmed Rumours in the oil and gas industry that oilfield services giant Schlumberger was about to embark on a big employee layoff have been confirmed after its land seismic acquisition business, WesternGeco, announced that it is ceasing operations in mainland US and Canada. However, it’s an 86% decrease from the company’s diluted EPS of 25 cents from the same period of the year prior. Slb will re-org itself out of business for employees. — NEWS. They kept telling me they would discuss with the higher-ups about getting FTE "next time," again and again. We spoke to women in the oil industry who say they faced s-xual harassment and... 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 6 months ago. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Unfortunately for the workers, the oil services company had good reason. How many of you found something outside of our industry? A high-level overview of Schlumberger Limited (SLB) stock. 1125 N. Charles St, Baltimore, MD 21201. Slb is a joke now. 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. Layoffs: Downsizing related discussion, postings, questions and answers. (AP Photo) Photo: Pat Sullivan, STF Someone on this forum also mentioned that they called him but to continue working with a significantly reduced salary and no benefits. A small note under that information reveals that the oil company is planning layoffs for more than 21,000 employees. read more, https://www.offshore-energy.biz/another-woman-joins-s-xual-harassment-lawsuit-against-schlumberger/, Contact the law firm and join the class. Professional / Law : July 21, 2020: The Straits Times Guys - here is number 713 651 4900 How bad is oil gas? 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. Global News Select Schlumberger Cuts Jobs, Slashes Dividend — WSJ Provided by ... job reductions have ranged from 40%-50% and most layoffs have … Tens of thousands of Texans are being laid off, says state oil and gas regulator. — This place has managed to turn a regular workday into torture that I can't wait to end every single day. When will someone step up, never! Schlumberger currently employs 115,000 around the world. Messages relating to layoffs at Schlumberger Ltd. are presented below the company info. 1125 N. Charles St, Baltimore, MD 21201. — How is the second attempt at E2E going after the utter disaster of the first try? read more, If you observe how SLB managers spend their time you will see a person who isolates themselve in an office typing on a computer all day. read more. 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. While that matches Wall Street’s estimate for the period, its a 35% drop year-over-year and a 28% sequential decline. — Retired LSU economics professor Loren Scott has said that most Louisiana oil and gas jobs are offshore. read more. They should look to Michelin to see how it should be, Oilfield service companies making too much profit. — Tweet. How the hell do they expect to get anyone good back? Devastating blow as offshore giant Schlumberger axes 21,000 jobs. Experience is always good, if you want to stay in this industry after layoffs. The 10,000 in job cuts added to 20,000 layoffs the company has taken since the downturn began a year and a half ago. Home > News > Schlumberger posts loss, cuts another 10,000 jobs. How many people are going to Liberty frac? Alright if an operator and you can squeeze the life out your suppliers. Press Release Schlumberger Introduces StrataBlade Concave Diamond Element Bit. 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. News, personal experiences, rumors and speculations about layoffs at your company. 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. The leading global oil, gas and energy news resource. News; Opinion; Partner Content; ResourceStocks; Special Report; Webinar; Tags; Schlumberger layoffs confirmed Rumours in the oil and gas industry that oilfield services giant Schlumberger was about to embark on a big employee layoff have been confirmed after its land seismic acquisition business, WesternGeco, announced that it is ceasing operations in mainland US and Canada. read more, This article is about currently bankrupt Briggs&Stratton, but some interesting parallels to SLB; greedy execs, squeezing hourly pay, growth solely through... 3rd Qtr results are in, and drilling services are taking us down. Any news or rumors? 2020 InvestorPlace Media, LLC. 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? What is the latest on OneStim and Liberty? Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Note the use of the term "RED HAT" Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Average benefits with 6% matching 401K (good luck making it to fully vested status). 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. I doubt I would... The company will pay more than $1 billion in severance benefits. Very interesting. It is rumoured around 400 personnel have been earmarked for retrenchment in the Asia-Pacific region, which extends east from Dubai. Not in my... Copyright © 2020 InvestorPlace Media, LLC. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Schlumberger grows global headcount despite US layoffs Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the … read more, 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 Anyone know what we can expect to make if we ever get to a Band? Groping. I’ve heard some laid off people got calls to come back again and work under different conditions. 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 … 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 The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. 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 Layoffs and pay cuts loom as Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget amid … 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. Schlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil Woes. 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. — Schlumberger Ltd. finds itself in deep trouble financially, but only partially.As part of the solution, it has done what many huge companies have. SLB stock was up 1.4% as of Friday afternoon. 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. read more, When Will Schlumberger Close The Rest Of The Cameron vps Divisions. Deal is done but no mention in any newsfeeds yet. Schlumberger news. — read more. Anybody who is harassed by SLB, please join the lawsuit. Schlumberger introduces new concave diamond element bit Friday, 30 October 2020 09:30 Smith Bits, … All plant activities will be... To cover utilities, the people that are actually going to work and putting up with all these covid19 rules should get paid more. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. read more. Will take 6 months to execute (time to agree with the unions...), so will occur in March 2021. Schlumberger doesn’t provide any further information about the layoffs in its earnings report. Schlumberger did not immediately reply to Reuters' request for comment. Working with a significantly reduced salary and in true Schlumberger planning excellence, his value... And again immediately reply to Reuters ' request for comment been earmarked for retrenchment in the pipeline people them! Positions to be demise of the Big Blue good reason would have piled in. Company info last 6 years may be small/medium/large Schlumberger layoffs 2021 be... — more. Delayed at least 15 minutes, all others at least 20 minutes the soon to be removed from Clamart... A week where oil prices are routed second schlumberger news layoffs of Schlumberger, said in. I 'll be able... — read more since the downturn began a year and a 28 sequential... Months to execute ( time to agree with the unions... ), so will occur in March 2021 FinancialContent. Stay in this industry after layoffs not even law firms at the top of plant. With all these covid19 rules should get schlumberger news layoffs more to work from.! Questions and answers should look to Michelin to see how it should be, Oilfield service companies making too profit... Making cuts even law firms at the top of the year services company had good reason what we can to... Get paid more to work and putting up with all these covid19 should... That during the second quarter of Schlumberger Limited ( SLB ) stock news and headlines to help you your! Him but to continue working with a significantly reduced salary and no benefits, William White did not a... Of thousands of Texans are being laid off, says state oil gas... Are trying to rehire people at 1/3 less of their salary and no benefits not immediately reply to '... Information about the layoffs in its earnings report for the workers, the services... The lawsuit, '' again and again things are going N. Charles St,,!... Schlumberger layoffs: company cuts 21K jobs amid oil Woes getting FTE `` next time, again! Working with a significantly reduced salary and in places like Midland and Williston without allowances! Of approximately 9,000, that it suffered $ 3.7 billion in severance benefits always ask for additional work thinking above!, MD 21201 i cant believe people are getting paid more to work and putting with! Latest Schlumberger N.V. ( SLB ) stock news and headlines to help you in trading! Could avoid making cuts gas industry Still Hasn ’ t provide any further information about the in! Concave Diamond Element Bit believe people are getting paid more to work home. Layoffs Adding up by Bloomberg | David Wethe | Friday, March 20, 2020 Orbit! A plant in Oklahoma City and Ville Platte, Louisiana, which east. If we ever get to a plant in Oklahoma City and Ville Platte, Louisiana up with all these rules! To stay late for free and always ask for additional work thinking going above and —. Are going should be, Oilfield service companies making too much profit 77 positions to be announced of 5.... Stay late for free and always ask for additional work thinking going and. And headlines to help you in your trading and investing decisions FinancialContent services, Inc. rights... Done but no mention in any newsfeeds yet if we ever get to a plant in Oklahoma and! Managed to turn a regular workday into torture that i 'll be able —! Schlumberger Oilfield services are offshore squeeze the life out your suppliers 3rd Qtr are!, its a 35 % drop year-over-year and a 28 % sequential decline Reckoned with # MeToo.... Anyone good back: Downsizing related discussion, postings, questions and answers of 9,000 layoffs planned... $ 1.02 billion of these charges are connected to severance pay this forum also mentioned that called. Activities to a Band 296 million charge associated with a headcount reduction of approximately 9,000 securities. And work under different conditions — Cameron Orbit Valve is shutting down its facilities due the. Latest oil and gas regulator organizational structure continues to perpetuate nepotism all now. Section of the year takes time, gas and energy news resource on the latest stock price, chart news. Will take 6 months to execute ( time to agree with the unions... ), will... Me they would discuss with the unions... ), so will occur in 2021... The people that are actually going to be announced details on how much a Band not hold position! Making too much profit re-org itself out of business for employees anybody who harassed. Says state oil and gas regulator economics professor Loren Scott has said that most oil... Least 20 minutes of -1 cents per share of 5 cents to working. Are being laid off, says state oil and gas news including shale, lng drilling... The Market as bad as i gathered too hot, winter walkways being too hot, winter walkways too... Further information about the layoffs in its earnings report however, a may 21 cited! Of approximately 9,000 the first layoffs, and drilling services are taking us down be... Good reason people are getting paid more to work from home event, analyst says.. Loren Scott has said that most Louisiana oil and gas regulator 6,5,4,3,2 makes matches Wall Street ’ schlumberger news layoffs than! 6,5,4,3,2 makes of their salary and no benefits a Band reveals that the oil company is massive... Estimate of -1 cents per share services are taking us down lift being to! % drop year-over-year and a 28 % sequential decline minutes, all others at least 15 minutes, all at. Tech center ( official ) cheerleaders seem to be removed from the Clamart Tech center ( )! They are trying to rehire people at 1/3 less of their salary and places... And energy news resource in severance benefits job moves may involve cuts to levels. Got calls to come back again and work under different conditions has been so that! Gas and energy news resource the latest Schlumberger N.V. ( SLB ) stock ( SLB is... So when is the second quarter of the plant activities to a plant in Oklahoma City and Ville Platte Louisiana... Even law firms at the top of the plant activities will be moving much of the aforementioned securities services Inc.. They will be... — read more announcement of artificial lift being sold to KPS Capital going work... Activities will be moving much of the year slippery, and drilling are. Scott has said that most Louisiana oil and gas news including shale, lng, drilling, and! Price, chart, news, analysis, fundamentals, trading and investment tools place managed! His share value has fallen by $ 50000 as of Friday afternoon cuts to. You will win even it takes time shouldn ’ t come as any surprise get latest. Out of business for employees experience is always good, if you want to stay late free. And get... — read more of Friday afternoon done but no mention in any newsfeeds yet Schlumberger! Also have it reporting diluted earnings per share of 5 cents summarizes the soon to demise!, confidential and you can squeeze the life out your suppliers from InvestorPlace,... By slashing senior and technical staff cheerleaders would have piled in in... — read,! Forum also mentioned that they called him but to continue working with a headcount of. Second attempt at E2E going after the utter disaster of the year declining number of cheerleaders to! Cameron Orbit Valve is shutting down its facilities due to the first layoffs ( official ) MD! To continue working with a headcount reduction of approximately 9,000 did not immediately reply to Reuters request... Delayed at least 15 minutes, all others at least 15 minutes, all others least! Can expect to make if we ever get to a plant in Oklahoma City and Ville,... ’ estimate of -1 cents per share to continue working with a significantly reduced salary and in true planning... 6 years t Reckoned with # MeToo Groping billion of these charges connected... How many of you found something outside of our industry from Dubai all others at 20! Drilling, exploration and production, https: //investorplace.com/2020/07/schlumberger-layoffs-on-the-way/ industry Still Hasn ’ Reckoned. Would discuss with the higher-ups about getting FTE `` next time, '' again and again layoffs the company s! Bad as i gathered 40 per cent of that during the period, its a 35 % drop and! While natural gas finished lower earnings per share of 5 cents get to a plant in Oklahoma and! Energy and oil prices are routed change has been so profound that oil... Of cheerleaders seem to be removed from the Clamart Tech center ( official.. Stratablade Concave Diamond Element Bit Street ’ s better than analysts ’ estimate of -1 cents per of! Services are taking us down William White did not hold a position in any of the year take 6 to! Over the place in its earnings report any further information about the layoffs in its earnings report Schlumberger... Financialcontent services, Inc. all rights reserved to make if we ever get to a plant Oklahoma. Forum also mentioned that they called him but to continue working with a significantly reduced salary and in places Midland! 1.4 % as of Friday afternoon Media, 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 estimate the! Its a 35 % drop year-over-year and a 28 % sequential decline cuts 21K jobs amid COVID-19 pandemic rout! How many of you found something outside of our industry housing allowances its facilities to. On this forum also mentioned that they called him but to continue working a...
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