Another oil major fires 10,000 employees

"Abrupt cancellations" lead to losses totaling billions and massive layoffs at the world's largest oil service company, which has let more than every fourth employee go in just one year.
Photo: AP Photo/Ronald Zak
Photo: AP Photo/Ronald Zak
BY MAZ PLECHINGER, ENERGIWATCH

Shell announced earlier this week that the company will lay off 10,000 employees, and a similar message has now landed from Schlumberger, the world's largest oil service company, reports Financial Times.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading