Oil services giant Schlumberger, which posted a new net loss of $ 3.43 billion in the second quarter, plans to cut 21,000 jobs, or a quarter of its workforce, the group said in its quarterly earnings release.
After a first quarter in the red, linked to the crisis in the oil sector against the backdrop of Covid-19, the multinational based in Houston (Texas) announces charges including in particular compensation of one billion dollars, "linked to a reduction of workforce of more than 21,000 employees ”.
"The most difficult quarter of the last decades"
"This was probably the most difficult quarter in recent decades," commented CEO Olivier Le Peuch, quoted in the press release, noting in particular "an unprecedented drop in North American activity" of the group and the decline in international activity accentuated by the impact of the coronavirus epidemic.
Schlumberger currently employs 85,000 people in 120 different countries.
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