Schlumberger to cut thousands of jobs after "challenging" quarter

After the "most challenging quarter in decades", oil service company Schlumberger relays plans to slash 21,000 jobs.

Photo: Richard Carson/Reuters/Ritzau Scanpix

US-based oil service company Schlumberger announced plans Friday last week to eliminate 21,000 staff positions after the group exited its "most challenging quarter in decades," writes media DN Investor.

This will remove almost a quarter of the group's personnel payroll after Schlumberger revealed one of its most pressured quarters in decades.

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