To quote the top man so I hope that at least for now the pain is over and we can get on with our jobs without having to worry all the time.
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Hahaha SLB will continue to trim fat until oil steadily reaches 70 $/bbl .... It's uneconomical for them to do otherwise and have guys getting paid to sit at home.
Is this the same "top man" who said we saw the bottom of oil at $45?
In conclusion, keep your options open, keep your CV up to date, keep an eye on the job market and if you have a sensible job offer take it.
last time he said he was done, this time he's optimistic, next time he would say he's hopeful
Yes, exactly, he did say that 6 months ago and looked what happened. Time will tell. Wait and See.
..."Schlumberger CEO “optimistic” job cuts are over after 34,000 slashed
The chairman and CEO of Schlumberger said Friday he is “optimistic” the world’s largest oil field services company is done eliminating jobs now that it has cut 34,000 positions — more than 25 percent of its global workforce."...
...“I think they legitimately believe they’ve cut their headcount sufficiently,” said Bill Herbert, an analyst at energy investment bank Simmons & Company International, arguing that more cuts could still come if the downturn extends into 2017 and the recovery takes longer...
http://fuelfix.com/blog/2016/01/22/schlumberger-ceo-optimistic-job-cuts-are-over-after-34000-slashed/#36089101=0
Said the same thing 6 months ago...
http://oilpro.com/post/16626/schlumberger-done-mass-lay-offs-and-ready-recovery
If the statement is true "..we have completed the workforce reductions required in this downturn."
Reading between the lines shows that layoffs won't stop definitely. He said ".. reductions required in this downturn" we will ve to wait and see how Q1 and oil prices will turn, lower or back to $50.
No one is safe, low barrel price means less drilling projects, less drilling projects means no need for 4 techs per department. Only one each shift with the help of next department tech.
No one safe bobo.. layoff for 2016 haven't started yet.