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Thu Jul 21, 2016, 06:04 PM


Schlumberger Cut More Than 8,000 Jobs In 2nd Quarter

Schlumberger, the world’s largest oilfield services company, cut more than 8,000 jobs while recording a $2.16 billion loss in the second quarter.

Schlumberger, Houston’s largest energy employer as of a month ago, has now eliminated about 50,000 jobs in the two years of the ongoing oil bust.

The energy services giant, which has its principal offices in Paris, Houston, London and The Hague, also eliminated 8,000 jobs in the first quarter and another 10,000 in the fourth quarter of last year.

Schlumberger reported a headcount of 113,000 people at the beginning of this week, but the earnings release Thursday said the company has about 100,000 employees, so more cuts could have come in July.



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