Thread regarding Schlumberger Ltd. layoffs

95000 employees (contractors not included in theheadcount numbers)

Plus classify 5500-ish contractors to be included in headcount

Equals 95000 + 5500 ish = 100500 ish headcount

Layoff 8000 ish employees and contractors

100500-8000 equals 92500-ish plus

It's all p-ish

Because 8000 sounds much better in cost cutting terms as compared to 2000 in the eyes of the shareholders and any potential investors!

they all went mad:) you dont 'lay off' contractors because they're on contract and you decide to renew their contract or not. PK is full of it and that stupid BD couldn't tell or chose to ignore

I agree, below PK announcement on contract works as permanent workers was odd to me. I don't understand why a company would speak of this. "We laid off 5,500 contract workers and labeled them as permanent employees with the others". What?????

"this is the weirdest, why re-classify "the company reclassified 5,500 contractors as permanent employees, so the overall reduction was 8,000 employees?"

Maybe if they didn't have three freaking headquarters (two of them practically next door to each other) SLB's costs wouldn't be so high.

20k?

Lets not try to understand PK's logic, everything he has touch while in SLB went to sh--s and cleanup crew called after him.

or simply to project his power and status, look at me I am second to none, I made the difficult decision to screw these many employees, I deserve more options

Must have given those contractors severance if they reclassified them as permanent employees. Pretty generous.

this is the weirdest, why re-classify "the company reclassified 5,500 contractors as permanent employees, so the overall reduction was 8,000 employees"?