How many people did Schlumberger layoff?

How many people did Schlumberger layoff?

Oil field equipment and services giant Schlumberger Ltd. (NYSE: SLB) made deep cuts to its headcount in 2020. Schlumberger started 2020 with 105,000 people, and it ended the year with about 86,000, according to the company’s two most recent annual financial reports.

How many employees has Halliburton laid off?

Halliburton cut 15,000 jobs in 2020. Houston-based oil field services giant Halliburton Co. (NYSE: HAL) shed around 15,000 employees during 2020.

Does Schlumberger lay off?

Schlumberger, one of the largest oilfield service providers in the world, has announced a plan to slash more than 21,000 employees, close to a quarter of its entire workforce, to help it deal with the slump in business caused by the coronavirus pandemic.

Are oil companies laying off?

More than 7,000 oil and gas workers have lost their jobs in Louisiana as the coronavirus pandemic swept the nation and the world. With one of the highest unemployment rates in the nation, hovering around 7 percent, laid-off oil workers are struggling to find their footing in new jobs.

Why is Halliburton laying off employees?

Halliburton has laid off nearly 2,700 employees across Texas, Oklahoma, and Colorado since April, adding to a mounting toll of unemployed workers in the wake of a historic oil-price collapse. Many have also cut staff, including Halliburton’s rival Schlumberger, and reduced their prized dividend payments.

How many oilfield workers have been laid off?

Fossil fuel companies are generally happy to take federal money and lay off employees anyway. A study from Bailout Watch finds that 77 oil and gas companies that got a total of $8.2 billion worth of stimulus-related tax breaks last year laid off 16 percent of their combined workforce, totaling 58,000 people.

How many employees work for Schlumberger?


Type Public
Total assets US$42.434 billion (2020)
Total equity US$12.489 billion (2020)
Number of employees 86,000 (2020)

Did Halliburton have a layoff?

The layoffs are effective immediately, a Halliburton spokesperson confirmed. In a statement, the oil field services giant attributed the layoffs to “the unforeseeable, dramatic business downturn caused by the coronavirus and unprecedented commodity price decline.”

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