Analyst says extent of the cull is ‘a shocker’ as oil services giant takes fourth-quarter charges of $1.77bn
The oil services group Schlumberger is to cut 9,000 jobs, or about 7% of its workforce, as it focuses on controlling costs amid plummeting oil prices.
The company said it took charges amounting to $1.77bn in the fourth quarter, including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts.