Schlumberger plans to lay off more workers next year.
In a regulatory filing on Tuesday afternoon, the oilfield services giant said it expects to take a pre-tax restructuring charge of about $350 million in the fourth quarter of 2015 related to the job cuts.
The filing did not specify how many jobs could be on the line.
The cuts would come "in light of expected reduced activity for 2016 and to streamline its support structure", Schlumberger said. http://www.businessinsider.com/schlumberger-laying-off-more-workers-in-2016-2015-12