Leaked documents reveal Schlumberger furloughed staff and cut wages as it faces a historic oil price meltdown
Kirk McKoy/Los Angeles Times via Getty Imagesand start reading now.
In a letter sent to all North American employees that was obtained by Business Insider, the company said it was implementing two furlough programs for its North American staff starting on April 12. Schlumberger is cutting pay for some workers, as well, according to another letter that Business Insider reviewed.
The Houston-based company — which sells technology and services for oil production and exploration — is not alone in takingNearly all major oil and gas companies have slashed spending for the year, many have cut staff, and several have axed their prized dividend payments, including the supermajorHave you been laid off or furloughed in the oil and gas industry? Please reach out to this reporter atThe Schlumberger memo reveals that in one furlough program — which the company calls involuntary —...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Juul CEO addresses report on impending mass layoffs in leaked memo - Business Insider'I know it's frustrating to hear incomplete information from the press before you hear it from us,' Juul CEO K.C. Crosthwaite said in the memo.
Read more »
Leaked Film & TV Safety Documents Lay Bare The Enormous Complexities Of Re-Starting Drama ShootsEXCLUSIVE: The challenges of restarting production on high-end TV and film drama in the UK amid the coronavirus pandemic have been laid bare in two separate documents circulating among industry cre…
Read more »
Gigi Hadid's Mom Confirms That Her Pregnancy Was Leaked In New InterviewThe former supermodel even shared baby Zigi's due date.
Read more »
Leaked memo details Simon plans to reopen 49 malls across 10 states over the weekendSimon Property Group plans to reopen 49 malls across 10 states shuttered during the coronavirus pandemic, according to a leaked internal memo.
Read more »
The theme for 'Fortnite' Season 3 may have been leaked'Fortnite' leakers may have just found the theme of the next Battle Pass. Is that great map flood finally happening?
Read more »
Lyft to lay off 17% of staff, furlough hundreds more amid coronavirus - Business InsiderLyft is cutting nearly 1,000 jobs and furloughing 288 others, it said Wednesday. The company said that its executive leadership is taking a 30% pay cut, with vice presidents seeing a 20% reduction and 'all other exempt employees' taking a 10% cut.
Read more »