Energy Giant Schlumberger Fires Another 8,000 As “Market Conditions Worsened” In Q2

– Energy Giant Schlumberger Fires Another 8,000 As “Market Conditions Worsened” In Q2:

“As a result of the weakness in activity that will persist through 2016 as expected, we have made another significant adjustment to our cost and resource base, including the release of more than 16,000 employees during the first half of 2016 and a further streamlining of our overhead, infrastructure, and asset base.”

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