Schlumberger reduces workforce by additional 11,000 jobs

April 16, 2015 8:55 PM

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Schlumberger reduces workforce by additional 11,000 jobs

Oilfield services giant Schlumberger announced additional layoffs of approximately 11,000 employees across the company in response to the downturn related to oil prices.

On Thursday, the company said it will increase the reduction by another 11,000 total jobs.

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