Schlumberger battens down the hatches after heavy Q2 loss by slashing 21,000 jobs

摘要

The world's largest oil services firm Schlumberger reported a loss of USD 3.4 billion for Q2'20, which CEO Olivier Le Peuch described as “probably the most challenging quarter in past decades”. The result saw Schlumberger announce it will lay off 21,000 workers as part of a USD 1.5 billion cost reduction, with the firm's executives expecting the aggressive cuts to lead to a better result in the third quarter.