Schlumberger has been doing mini weekly layoffs, guess there new strategy is to keep it as small as possible so people don’t realize. Surprised no one ever brings it up.
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THIS! Keeps SLB off news but every news of layoff keeps everyone on edge all the time - New SLB Culture.
Yeah I have seen it and heard about too. They have been shuffling a lot of folks around, I guess to preserve some employees before they cut some more.
I mean, as soon as the deal closes any of the shared services like Supply Chain, HR, Procurement, ect. would see reductions pretty quickly. That's pretty typical in any merger. Things like Engineering and NPD will be protected for awhile. But in the end, there's a ton of overlap between what SLB does and ChampionX. So, I'd expect significant reductions in overlapping technologies.
Any scuttlebutt on how this may impact CHX employees after the deal is closed?
Sounds right