read more. How bad is oil gas? Stock analysis for Schlumberger NV (SLB:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. For... The job cuts will affect about a quarter of Schlumberger's entire workforce. Anyone got the details on how much a band 6,5,4,3,2 makes? All rights reserved. Now they are trying to rehire people at 1/3 less of their salary and in places like Midland and Williston without housing allowances. https://violationtracker.goodjobsfirst.org/parent/schlumberger. Or is the market as bad as I gathered? It was a week where oil prices climbed sharply, while natural gas finished lower. ... Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout. According to the earnings report, Schlumberger $1.02 billion of these charges are connected to severance pay. They should look to Michelin to see how it should be, Oilfield service companies making too much profit. —  Professional / Law : July 21, 2020: The Straits Times Unfortunately for the workers, the oil services company had good reason. read more, So I’ve been thinking of leaving the company and was wondering if those who were impacted in the last round of layoffs were able to find work? ... A high-level overview of Schlumberger Limited (SLB) stock. 19, 2020 12:40 PM ET Schlumberger Limited (SLB) By: Carl Surran , SA News Editor 17 Comments The Europe-based company with U.S. headquarters in Houston hinted earlier in the week that layoffs might occur and now an Oklahoma subsidiary, Cameron Drilling announced employee terminations will begin in June and July. Schlumberger Declines Comment On Possible Layoffs At Bartlesville Facility. https://www.texasobserver.org/metoo-schlumberger-oil-and-gas/ — Cameron Orbit Valve is shutting down its facilities due to the economic crisis created by COVID-19. read more, If you observe how SLB managers spend their time you will see a person who isolates themselve in an office typing on a computer all day. Will take 6 months to execute (time to agree with the unions...), so will occur in March 2021. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The 10,000 in job cuts added to 20,000 layoffs the company has taken since the downturn began a year and a half ago. Average benefits with 6% matching 401K (good luck making it to fully vested status). Sign up for our daily newsletter featuring the … —  Job completion bonuses are nice, if you are eligible to receive them. Schlumberger Ltd. finds itself in deep trouble financially, but only partially.As part of the solution, it has done what many huge companies have. They will be moving much of the plant activities to a plant in Oklahoma City and Ville Platte, Louisiana. Bunch of s—as if you ask me. July 25, 2020, 8:28 am. https://data.covidstimuluswatch.org/parent/schlumberger Schlumberger Ltd. said it’s cutting one-fifth of its workforce as the oil services giant warned that new waves of Covid-19 could derail the nascent recovery in global energy demand. I cant believe people are getting paid more to work from home. 6 months ago. Business & Finance; December 2, 2015 The Houston-based oilfield services major, Schlumberger, said it will further reduce its workforce in light of expected reduced activity for 2016. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The Schlumberger earnings also have it reporting diluted earnings per share of 5 cents. Experience is always good, if you want to stay in this industry after layoffs. Not in my... Layoffs and pay cuts loom as Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget amid … —  A small note under that information reveals that the oil company is planning layoffs for more than 21,000 employees. Schlumberger dividend may already factor in black swan event, analyst says Mar. A high-level overview of Schlumberger Limited (SLB) stock. How the hell do they expect to get anyone good back? Schlumberger did not immediately reply to Reuters' request for comment. Global News Select Schlumberger Cuts Jobs, Slashes Dividend — WSJ Provided by ... job reductions have ranged from 40%-50% and most layoffs have … Talk at this year's West Australian Basins Symposium has centred around the absence of some key Schlumberger personnel, amid rumours of a 1200 person layoff at the oilfield services giant. Note the use of the term "RED HAT" —  The Europe-based company with U.S. headquarters in Houston hinted earlier in the week that layoffs might occur and now an Oklahoma subsidiary, Cameron Drilling announced employee terminations will begin in June and July. Even the declining number of cheerleaders seem to be silent about it. Source: Valentin Martynov / Shutterstock.com, Schlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil Woes, earnings report for the second quarter of the year, The #1 Investing Lesson to Take Into 2021, Buy the Dip in Bitcoin If and When It Comes, Matt McCall and the InvestorPlace Research Staff, Best Stocks For 2021: Fiverr International (FVRR), OCGN Stock: 5 Things for Investors to Know as Ocugen Soars 100%+, 4 Red-Hot Growth Stocks That Should Double In 2021, It’s Time to Buy the Dip in Luminar Stock for 500% Gains, OCGN Stock: Why Ocugen Shares Are Soaring 130% Today, XL Stock: 11 Things to Know as XL Fleet Starts Trading Today. Anyone know what we can expect to make if we ever get to a Band? While that matches Wall Street’s estimate for the period, its a 35% drop year-over-year and a 28% sequential decline. read more. —  Schlumberger layoffs, furloughs, exec pay cuts incoming April 2, 2020 A report by the Houston Business Journal says oil field services giant Schlumberger Ltd. is making further changes to its operations as a new downturn grips the oil and gas industry, changes that will include layoffs, furloughs and other moves to save money. How is the second attempt at E2E going after the utter disaster of the first try? Schlumberger Ltd. said it’s cutting one-fifth of its workforce as the oil services giant warned that new waves of Covid-19 could derail the nascent recovery in global energy demand. 1125 N. Charles St, Baltimore, MD 21201. Schlumberger introduces new concave diamond element bit Friday, 30 October 2020 09:30 Smith Bits, … read more. The company’s most recent quarter saw it bring in a revenue of $5.36 billion. Get the latest Schlumberger N.V. (SLB) stock news and headlines to help you in your trading and investing decisions. LITTLE ROCK, Ark. Copyright © We have made the difficult decision to consolidate our valves manufacturing and support footprint and have started a transition phase for the manufacturing operations at our Cameron plant in Little Rock, Arkansas. Schlumberger layoffs, furloughs, exec pay cuts incoming April 2, 2020 A report by the Houston Business Journal says oil field services giant Schlumberger Ltd. is making further changes to its operations as a new downturn grips the oil and gas industry, changes that will include layoffs… Latest News Stories. HOUSTON, Dec. 23, 2020 /PRNewswire/ -- Vishal Chaturvedi, MBA, a financial controller with proven expertise in driving process improvements, was promoted to … Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget in Closing Bell Story‎ / Commodity Pricing / Crude Oil News / Energy News / Oilfield Services by — Oil & Gas 360 We spoke to women in the oil industry who say they faced s-xual harassment and... Nasdaq read more, Every year for at least 20 years the dunces keep reminding office people to file safety reports because the O/I numbers are under target. read more. 1125 N. Charles St, Baltimore, MD 21201. The company will pay more than $1 billion in severance benefits. Catcalling. Schlumberger is slashing its global workforce, but workers in 1 country say the company is taking advantage of weak labor laws to stiff them of fair... HOUSTON (Bloomberg) -- Schlumberger Ltd. posted a fourth-quarter loss as the company cut another 10,000 jobs and took a $1.46 a share charge to … Schlumberger grows global headcount despite US layoffs Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the … 1 of 2 Schlumberger, which displays its logo on a tower at its campus in Sugar Land, plans further layoffs amid a continuing oil price downturn. Home > News > Schlumberger posts loss, cuts another 10,000 jobs. —  After already furloughing employees, modifying work schedules, and voluntarily cutting executive salaries, Schlumberger is cutting jobs in Houston and shutting down two facilities in Texas. Did it go through? Guys - here is number 713 651 4900 That’s all over now. I used to stay late for free and always ask for additional work thinking going above and... However, a May 21 statement cited by the Houston Chronicle confirms the new organizational structure. Schlumberger news. —  Thursday's job cuts were announced on top of 9,000 layoffs already planned in January. Schlumberger doesn’t provide any further information about the layoffs in its earnings report. Slb will re-org itself out of business for employees. Press Release Schlumberger Introduces StrataBlade Concave Diamond Element Bit. However, it’s an 86% decrease from the company’s diluted EPS of 25 cents from the same period of the year prior. Notification by Cameron Drilling, based in Moore was made Friday with the Oklahoma Workforce Development … Houston-based Cameron International — a subsidiary of Schlumberger Inc. (NYSE: SLB) — plans to close two Texas facilities later in May, which will result in a round of layoffs. Tweet. All to be expeced, This article summarizes the soon to be demise of the Big Blue. To cover utilities, the people that are actually going to work and putting up with all these covid19 rules should get paid more. Devastating blow as offshore giant Schlumberger axes 21,000 jobs. https://sanfordheisler.com/, #MeToo and Groping Ctacalling in SLB - Latest Article from TexasObserver, Majors Post Q3 Profits - Service Companies Sink, Time to rethink the employee cost/value balance, Paid approx $8 million penalty for Just 7 EEOC charges resulting in, SLB CEO Highest paying - Much higher than Kinder Morgan, As large as it is when coming to severence pay in Scotland it is dorogertery, offensive. —  Unfortunately for the workers, the oil services company had good reason. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. So when is the announcement of artificial lift being sold to KPS Capital going to be announced? A section of the company’s report notes that it suffered $3.7 billion in charges during the period. Alright if an operator and you can squeeze the life out your suppliers. Someone on this forum also mentioned that they called him but to continue working with a significantly reduced salary and no benefits. 77 positions to be removed from the Clamart Tech center (official). The change has been so profound that the chief executive officer of BP Plc recently found... Truth is though, that it continues to perpetuate nepotism all over the place. —  It said it had achieved 40 per cent of that during the second quarter, indicating more cuts are in the pipeline. TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. Good luck to all. read more, https://www.offshore-energy.biz/another-woman-joins-s-xual-harassment-lawsuit-against-schlumberger/, Contact the law firm and join the class. Get all the latest Schlumberger news. read more, https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-09-15/peak-oil-bp-shell-eni-lead-big-oil-s-search-for-new-business Layoffs by Schlumberger are hitting Oklahoma. Growth in U.S. shale oil production will slow sharply over the next two years, the chief executive officer of U.S. oilfield services giant Schlumberger said on Tuesday. Layoff rumours surround Schlumberger Talk at this year's West Australian Basins Symposium has centred around the absence of some key Schlumberger personnel, amid rumours of a 1200 person layoff at the oilfield services giant. Groping. Schlumberger chief executive Paal Kibsgaard said the latest round of cuts was caused by a severe decline in North American land drilling and by reduced investment by oil companies overseas. Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. That’s right lower the per hour rate and get... —  by Hamish Penman . Not even law firms at the top of the heap could avoid making cuts. read more. So the office people write safety notes on coffee being too hot, winter walkways being too slippery, and... Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Did you... Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. read more. But expats in the UK keep analyzing data while locals are standing in line waiting for their opportunity to save the company thousands of dollars with enhanced communication skills. “Before addressing our results, I would like to pay tribute to our employees and contractors for their remarkable resilience in the face of the historic COVID-19 pandemic that confronts us all.”. 2020 InvestorPlace Media, LLC. Schlumberger listed about 123,000 employees worldwide prior to the first layoffs. In most international locations SIS costs were reduced by slashing senior and technical staff. Advertisement. —  Schlumberger currently employs 115,000 around the world. The company will pay more than $1 billion in severance benefits. They kept telling me they would discuss with the higher-ups about getting FTE "next time," again and again. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/battered-schlumberger-reported-largest-ceo-to-median-employee-pay-ratio-in-2019-60328650, SLB spends millions of hours and dollars in convincing the workforce and shareholders of its meritocratic approach to drive excellence in the market place. Schlumberger (NYSE:SLB) is planning massive layoffs as the oil company struggles with declining revenue in the second quarter of 2020. The leading global oil, gas and energy news resource. SLB layoffs come alongside declining revenue: Oil & Gas: July 24, 2020: Above The Law: Layoffs Come To Top 20 Am Law Firm. Copyright © 2020 InvestorPlace Media, LLC. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. read more, In my more than 20 years long career, the last three years that I've spent with SLB have by far felt the longest. Tens of thousands of Texans are being laid off, says state oil and gas regulator. File a complaint when u see something against you or one of your colleague going thru the hardships of SLB HR and their handlers. The company will pay more than $1 billion in severance benefits. read more. News, personal experiences, rumors and speculations about layoffs at your company. As of this writing, William White did not hold a position in any of the aforementioned securities. All rights reserved. 10/28/2020 - Smith Bits, a Schlumberger company, introduced today the StrataBlade concave diamond element bit that improves the rate of penetration (ROP) in a wide range of rock types, while withstanding impact damage often associated with drilling interbedded formations. The Oil and Gas Industry Still Hasn’t Reckoned with #MeToo NEWS. TheLayoff.com is live since January 31, 2009! Schlumberger wants to remove $1.5bn in costs as part of a restructuring programme. HR just announced that future job moves may involve cuts to bonus levels. When will someone step up, never! Schlumberger (SLB) EVP New Energy Ashok Belani Sold $544,000 of Shares - Yahoo Finance finance.yahoo.com - December 4 at 9:06 PM: Schlumberger (NYSE:SLB) Trading 6.3% Higher americanbankingnews.com - December 4 at 8:01 PM: Schlumberger Limited (NYSE:SLB) Director Saul R. Laureles Sells 5,000 Shares americanbankingnews.com - December 4 at 2:42 PM —  quotes delayed at least 15 minutes, all others at least 20 minutes. I’ve heard some laid off people got calls to come back again and work under different conditions. In A Startling Turn Of Events, Schlumberger Finds That Halliburton Has Something Worth Copying, Another woman joins s-xual harassment lawsuit against Schlumberger, Use of this website constitutes acceptance of our. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed by the world's largest oilfield services company close to where it was at … Anybody who is harassed by SLB, please join the lawsuit. (AP Photo) Photo: Pat Sullivan, STF read more, OleP on September 14th, purchased 25000 SchlumShares at $17.95ea. Schlumberger Ltd. In my experience, which has recently been confirmed, they will always take the manager's side and try to sweep the issue under the rug. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. Does anybody buy the whole COVID-19 excuse? Schlumberger will continue Technical Assistance to Libya Libya Business News 23:51 5-Dec-20 Sanallah discusses with Schlumberger strengthening cooperation in re-production at closed oil… The Libya Observer 09:13 3-Dec-20 It cut 21,000 people. Why Schlumberger NV (SLB) Stock is a Compelling Investment Case - Yahoo Finance finance.yahoo.com - October 30 at 2:12 PM: Why Schlumberger NV (SLB) Stock is a Compelling Investment Case finance.yahoo.com - October 30 at 2:12 PM: Schlumberger, Transocean down as energy leads market slide - Seeking Alpha seekingalpha.com - October 26 at 2:32 PM It lead us nowhere and the share price lost more than 80% of its... The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. Do they ever walk around the office and talk to the people under them to know how things are going? 3rd Qtr results are in, and drilling services are taking us down. Crude texts. —  I doubt I would... I worked in the financial hub as a contractor. What is the latest on OneStim and Liberty? Being a savvy investor and in true Schlumberger planning excellence, his share value has fallen by $50000 as of Friday close. Schlumberger introduces new concave diamond element bit Friday, 30 October 2020 09:30 Smith Bits, a Schlumberger company, has introduced the StrataBlade* concave diamond element bit. The Schlumberger layoffs shouldn’t come as any surprise. —  —  Olivier Le Peuch, CEO of Schlumberger, said this in the earnings report. Oilfield service giant Schlumberger grew its global headcount in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. read more. “The world is going through an […] Any news or rumors? (Bloomberg) -- … I really hope that I'll be able... Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I’ve received an email from a staffing company saying there is a hiring event for schlumberger on sept 15th & 16th... how true and legit can it be if they’ve just laid off a bunch of people and sold their frac ? SLB stock was up 1.4% as of Friday afternoon. I'm sure that all his cheerleaders would have piled in in... read more, When Will Schlumberger Close The Rest Of The Cameron vps Divisions. —  Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. News; Opinion; Partner Content; ResourceStocks; Special Report; Webinar; Tags; Schlumberger layoffs confirmed Rumours in the oil and gas industry that oilfield services giant Schlumberger was about to embark on a big employee layoff have been confirmed after its land seismic acquisition business, WesternGeco, announced that it is ceasing operations in mainland US and Canada. Schlumberger last week said it would reduce its 2020 capital spending budget by 30% due to the price crash, joining a host of major energy companies … As a FORMER 38 year employee with "Big Red", I bow to our... Retired LSU economics professor Loren Scott has said that most Louisiana oil and gas jobs are offshore. It is rumoured around 400 personnel have been earmarked for retrenchment in the Asia-Pacific region, which extends east from Dubai. Very interesting. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. Schlumberger in New Round of Layoffs. Big Blue's Red Hat subsidiary will help the energy services veteran deploy and manage its data analytics tools with the help of OpenShift containers. The company will pay more than $1 billion in severance benefits. Home News Schlumberger in New Round of Layoffs. The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year. Layoffs: Downsizing related discussion, postings, questions and answers. Schlumberger layoffs confirmed Rumours in the oil and gas industry that oilfield services giant Schlumberger was about to embark on a big employee layoff have been confirmed after its land seismic acquisition business, WesternGeco, announced that it is ceasing operations in mainland US and Canada. Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget in Closing Bell Story‎ / Commodity Pricing / Crude Oil News / Energy News / Oilfield Services by — Oil & Gas 360 Schlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil Woes. Deal is done but no mention in any newsfeeds yet. How many people are going to Liberty frac? —  Schlumberger will continue Technical Assistance to Libya Libya Business News 23:51 5-Dec-20 Sanallah discusses with Schlumberger strengthening cooperation in re-production at closed oil… The Libya Observer 09:13 3-Dec-20 Article printed from InvestorPlace Media, https://investorplace.com/2020/07/schlumberger-layoffs-on-the-way/. It certainly isn't there to help employees. Below is the full statement given by Schlumberger Oilfield services. This kind of "Cost control" is what slb has been practicing for the last 6 years. It is free, confidential and you will win even it takes time. read more. Layoffs by Schlumberger are hitting Oklahoma. And the one person who I know persisted ended up being forced out in... The leading global oil, gas and energy news resource. Messages relating to layoffs at Schlumberger Ltd. are presented below the company info. Schlumberger, Halliburton and Baker Hughes awarded Bacalhau drilling and well services contracts Tuesday, 10 November 2020 16:15 The total value of the three contracts for drilling and well services on the Bacalhau field in Brazil is estimated at US$455 million. How many of you found something outside of our industry? Texas Layoffs Adding Up by Bloomberg | David Wethe | Friday, March 20, 2020. —  Do you think there may be small/medium/large Schlumberger Layoffs 2021? This place has managed to turn a regular workday into torture that I can't wait to end every single day. read more, This article is about currently bankrupt Briggs&Stratton, but some interesting parallels to SLB; greedy execs, squeezing hourly pay, growth solely through... Oilfield service giant Schlumberger grew its global headcount in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. All plant activities will be... Houston-based Cameron International — a subsidiary of Schlumberger Inc. (NYSE: SLB) — plans to close two Texas facilities later in May, which will result in a round of layoffs. That’s better than analysts’ estimate of -1 cents per share. Slb is a joke now. The Schlumberger layoff news is tucked away inside the company’s earnings report for the second quarter of the year.

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