On December 1, 2015, Schlumberger announced that it will further reduce its workforce. The number of cuts was not specified in the SEC filing, but the company said that the layoffs are in light of expected reduced activity for 2016 and to streamline its support structure.
http://247wallst.com/energy-business/2015/12/01/schlumberger-outlines-more-layoffs-ahead-of-cameron-merger/#ixzz3t6C4TX9Q
Whatever happens the exec management will get 10s of millions
its the upper management needs to be swept downstream with the rest of the dead wood, also experienced lounge lizards
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Looks like 10,200 layoffs.
On SHTC - Still plenty of dead wood and totally ineffective people that could be got rid off, most of the useless managers are still there, the Indian person is a typical example. Over 100 gone mainly lower grades, what are all the managers doing now to make a positive contribution to this company?
WHAT ABOUT SHTC STONEHOUSE
why people hate mud?
Mud is one of the most hi tech businesses I know when you consider the rheogical pulse demanding equation sensors and bio-optic nano structures within rhythmic dynamic measurement environments that are very common these days in the fluid space. Its very high tec
MIS workers always complain. Why is that the case? I mean, you guys are working in mud! You are no High Tech Wireline or Directional Drilling. My suggestion, be humble and stop complaining, be happy to have a job at all.
Ponca smith bits still all have management and support personnel laid off direct labor back on overtime this week
10000 or so based on redundancy cost per head in previous rounds - http://oilpro.com/post/20555/schlumberger-may-lay-off-10000-more-employees-new-financial-discl
Can someone calculate how many cuts we'll have based on this (e.g., if we are saying 350 million in restructuring charge, does that translate to 3500 layoffs)?