Seadrill plans to lay off 1,400 employees on land and offshore as part of a cost reduction initiative in the next 18 months.
This was revealed during the company's presentation of its interim report for the first quarter, which brought a deficit of USD 1.6 billion and a delisting of the share on the New York Stock Exchange, where Seadrill's stock has for some time now hovered at around USD 1.
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