It is rumoured around 400 personnel have been earmarked for retrenchment in the Asia-Pacific region, which extends east from Dubai. Average benefits with 6% matching 401K (good luck making it to fully vested status). Job completion bonuses are nice, if you are eligible to receive them. The Layoff discussion - User says: ``Schlumberger Layoffs 2021'' regarding Schlumberger Ltd. Schlumberger SLB is cutting 21,000 jobs, or around one-fifth of its total workforce, as part of structural changes in response to one of its worst quarters in decades. Schlumberger (SLB) is planning massive layoffs as the oil company struggles with declining revenue in the second quarter of 2020.More From InvestorPlace Why Everyone Is Investing in … Schlumberger layoffs confirmed Rumours in the oil and gas industry that oilfield services giant Schlumberger was about to embark on a big employee layoff have been confirmed after its land seismic acquisition business, WesternGeco, announced that it is ceasing operations in mainland US and Canada. Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. In January 2020 Schlumberger announced a loss of $10.1 billion in 2019, a layoff off 1,400 workers in the fourth quarter, closure of facilities, a recall of hydraulic fracturing fleets from the field and plans to sell assets. Layoffs and pay cuts loom as Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget amid … By the end of 2021, the company expects to lay off 14,000 employees and contractors. Liberty added two Schlumberger representatives to its board of directors in the merger — Simon Ayat, ... 2021 Economic Outlook ... Colorado fracking company hit with 2nd round of local layoffs . Talk at this year's West Australian Basins Symposium has centred around the absence of some key Schlumberger personnel, amid rumours of a 1200 person layoff at the oilfield services giant. The company will pay more than $1 billion in severance benefits. 2/8/2021 - Schlumberger New Energy, the CEA and partners have announced Florence Lambert as the CEO of the Genvia clean hydrogen production technology venture, effective March 1, 2021. Experience is always good, if you want to stay in this industry after layoffs. 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