Schlumberger, the world’s largest oil-field services company, is cutting about 21,000 jobs as oil producers make steep spending reductions in response to a historic drop in prices amid the coronavirus pandemic
Schlumberger Ltd., the world’s largest oil-field services company, is cutting about 21,000 jobs as oil producers made steep spending reductions in response to a historic drop in prices amid the coronavirus pandemic.
Schlumberger recorded $3.7 billion in impairment charges in the second quarter, including about $1 billion in severance charges related to the job cuts, which represent roughly one-fifth of its workforce, it said Friday.
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