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Started By
Message
Schlumberger announces 9000 job cuts due to low oil prices
Posted on 1/15/15 at 7:43 pm
Posted on 1/15/15 at 7:43 pm
quote:
Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer.
The cuts - nearly 8% of Schlumberger's 120,000 workers, were announced Thursday "to better align with anticipated activity levels for 2015,'' the company said.
With production surging and waning growth, the world is awash with oil. That's led to a collapse in prices that's taken benchmark crude price down more than 50% since last June. Thursday, West Texas Intermediate fell 4.6% to $46.22 a barrel, while Brent crude slipped 2% to $47.67. Yet many forecasters say crude isn't close to bottoming.
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Posted on 1/15/15 at 7:43 pm to euphemus
Dont care, i can fill up for under $40 now 
Posted on 1/15/15 at 7:46 pm to euphemus
Who cares gas is cheap
Posted on 1/15/15 at 7:46 pm to euphemus
8% reduction, that is much less than I would have guessed.
Posted on 1/15/15 at 7:46 pm to euphemus
We need to lay so e peeps off in order to make the obscene profits we are accustomed to making. This is the easiest way to do it.
FIFY
FIFY
Posted on 1/15/15 at 7:49 pm to euphemus
Yeah...I'm not even bothering to apply for oilfield services companies right now. 
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Posted on 1/15/15 at 7:54 pm to euphemus
no wonder frenchie called it cute when I said I worked for a large corporation at 40k employees 
Posted on 1/15/15 at 7:55 pm to euphemus
We may see less of this.
Posted on 1/15/15 at 7:56 pm to euphemus
All the LA politicians need a pay cut also.
Posted on 1/15/15 at 8:01 pm to euphemus
That doesn't tell the whole story
It is 8% of employees but the cuts were way deeper than that.
Certain segments cut almost 20% of their work force with layoffs and retirement packages. Plus the company cut the majority of the contractors, temps and temp to hires as well.
It is 8% of employees but the cuts were way deeper than that.
Certain segments cut almost 20% of their work force with layoffs and retirement packages. Plus the company cut the majority of the contractors, temps and temp to hires as well.
Posted on 1/15/15 at 8:02 pm to euphemus
Oil bubble went pop
Posted on 1/15/15 at 8:14 pm to euphemus
Know some people in the exotic ranching business. Oil companies have been spending huge amounts of money sending their people on hunts to shoot trophy animals for years. They were bitching because that business was dropping off. frick em.
Posted on 1/15/15 at 8:18 pm to euphemus
I work for a segment of SLB and only one person has been let go so far. People praising cheap gas are ignant
Posted on 1/15/15 at 8:19 pm to euphemus
Schlumberger isn't a giant
Posted on 1/15/15 at 8:19 pm to euphemus
just pumped i can fill up my hybrid for less than a 20.
Posted on 1/15/15 at 8:28 pm to euphemus
Oilfield pricks out of a job but I'm saving $30 a month on gas
Did I do that right?
I laid off more people today. We cut our field personnel by 40%. This sucks. Hopefully it rebounds before long
Did I do that right?
I laid off more people today. We cut our field personnel by 40%. This sucks. Hopefully it rebounds before long
Posted on 1/15/15 at 8:49 pm to euphemus
Here we go.
Posted on 1/15/15 at 10:08 pm to euphemus
So for almost a decade these kats have been riding high on high gas prices and suddenly they can't afford another year or two of paying these guys?
Where did they put the money? They weren't planning on prices ever going down? Execs must of spent most of it on hookers and blow.
Where did they put the money? They weren't planning on prices ever going down? Execs must of spent most of it on hookers and blow.
Posted on 1/15/15 at 10:12 pm to euphemus
We are getting paycuts this Monday. No layoffs. I lost $15 a day. 
This post was edited on 1/15/15 at 10:13 pm
Posted on 1/15/15 at 11:03 pm to euphemus
Can't identify who in this thread is serious or trolling.
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