Note this comment in the earnings statement.... “In light of conservative customer budgets for next year, we are therefore entering another period during which we will continually adjust resources in line with activity, as the recovery now appears to be delayed"
http://www.slb.com/news/press_releases/2015/2015_1015_q3_earnings.aspx
179340: You do realize that gold currently costs more than platinum?
10% reduction in headcount likely and no recovery until 2017. If you are already out, time to give up on O&G.
http://www.reuters.com/article/2015/10/16/schlumberger-results-outlook-idUSL3N12G4GG20151016
Nice to know that you didn't get a raise this year so rich Wall Street fat cats could platinum letting on the back of their new power boat, instead of gold.
Everyone get in line for the next round. (Excluding the T Team)
Read this article - those of us who are left better get used to doing the work of others (all for the same salary).
http://oilpro.com/post/19375/schlumberger-implements-multiskilling-approach-ceo-expects-recove
We know this, we'll see 20% people leave next year. The oil price changes are secular, it's not a dip, it'll take a decade or so to alter the trend. If you do not have stomach for this, may want to think about different career and exit Oil and Gas
hmm, last quarter they said that they're done with layoffs. A bit more transformation please.