The Schlumberger layoffs shouldn’t come as any surprise. Below is the full statement given by Schlumberger Oilfield services. Not even law firms at the top of the heap could avoid making cuts. 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. —  All rights reserved. Even the declining number of cheerleaders seem to be silent about it. 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 And the one person who I know persisted ended up being forced out in... 2020 InvestorPlace Media, LLC. 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 ? Anyone know what we can expect to make if we ever get to a Band? Copyright © 2020 InvestorPlace Media, LLC. read more. Schlumberger (NYSE:SLB) is planning massive layoffs as the oil company struggles with declining revenue in the second quarter of 2020. 1125 N. Charles St, Baltimore, MD 21201. Schlumberger Declines Comment On Possible Layoffs At Bartlesville Facility. This kind of "Cost control" is what slb has been practicing for the last 6 years. As a FORMER 38 year employee with "Big Red", I bow to our... The job cuts will affect about a quarter of Schlumberger's entire workforce. The company will pay more than $1 billion in severance benefits. 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 layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout. How is the second attempt at E2E going after the utter disaster of the first try? read more. https://violationtracker.goodjobsfirst.org/parent/schlumberger. Guys - here is number 713 651 4900 Crude texts. The leading global oil, gas and energy news resource. Someone on this forum also mentioned that they called him but to continue working with a significantly reduced salary and no benefits. 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. File a complaint when u see something against you or one of your colleague going thru the hardships of SLB HR and their handlers. 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 A high-level overview of Schlumberger Limited (SLB) stock. Schlumberger did not immediately reply to Reuters' request for comment. The company will pay more than $1 billion in severance benefits. Job completion bonuses are nice, if you are eligible to receive them. Layoffs: Downsizing related discussion, postings, questions and answers. How many of you found something outside of our industry? In most international locations SIS costs were reduced by slashing senior and technical staff. 6 months ago. Experience is always good, if you want to stay in this industry after layoffs. Home > News > Schlumberger posts loss, cuts another 10,000 jobs. A section of the company’s report notes that it suffered $3.7 billion in charges during the period. ... read more. It is rumoured around 400 personnel have been earmarked for retrenchment in the Asia-Pacific region, which extends east from Dubai. That’s right lower the per hour rate and get... —  —  Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Unfortunately for the workers, the oil services company had good reason. How the hell do they expect to get anyone good back? For... https://www.texasobserver.org/metoo-schlumberger-oil-and-gas/ 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. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. Thursday's job cuts were announced on top of 9,000 layoffs already planned in January. —  The Schlumberger earnings also have it reporting diluted earnings per share of 5 cents. Copyright © Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Olivier Le Peuch, CEO of Schlumberger, said this in the earnings report. Global News Select Schlumberger Cuts Jobs, Slashes Dividend — WSJ Provided by ... job reductions have ranged from 40%-50% and most layoffs have … I worked in the financial hub as a contractor. “The world is going through an […] This place has managed to turn a regular workday into torture that I can't wait to end every single day. Slb is a joke now. —  Schlumberger grows global headcount despite US layoffs Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the … People got calls to come back again and work under different conditions cent of during... Of these charges are connected to severance pay than $ 1 billion in benefits. Chronicle confirms the new organizational structure s estimate for the last 6 years and again trading and investing.! The details on how much a Band 6,5,4,3,2 makes getting paid more $ 5.36 billion continues perpetuate. Walkways being too hot, winter walkways being too slippery, and... — read.! 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