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People are getting laid off steadily. They just aren't doing mass layoffs like they did in 2015. It's less noticeable now but it's still happening. SLB is going to do MAJOR cuts in Q4 and Cameron employees, according to news articles I've read, are at the top of the list. SLB lost billions. On day 1, they said they were cutting "costs" (headcount) by 25% and increasing productivity my 20%. That means 25% less staff but a lot more work for the remaining employees being ruled by fear every Friday and Monday. Now that Q3 numbers have been released it will only be worse. Laid off with 2 more weeks of insurance and a small severance is what you get. That's all and only if you're lucky.
Might as well furlough, nobody is working anyway.
Time off without pay, just health benefits are given out.
What is a furlough?? Sounds g--.
Looking at slb stock and ready report , oil to low not looking good for profits to go up