PARIS: Oil services group Schlumberger expects to lay off more than 21,000 employees — a quarter of staff — it said on Friday, also reporting a US$3.4 billion quarterly loss.
The firm said that the vast majority of the charge is expected to be paid during the second half of 2020. In reaction, firms have slashed investment, impacting firms like Schlumberger which carry out many activities related to exploration and the development of oil fields.
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