Paal is wishing us a safe and happy new year on the hub. How nice
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He looks like a tranny with a face lift
I wished I could return the wishes to Paal and the VP's, unfortunately where I am from that can only be the case if I would respect them as a person, which I don't, so Paal (and you other VP's) thanks and I hope karma will be your gift for Christmas
Yeah who ever wrote that letter for him did a good job it was well written.
You guys be nice. Paal is doing his best. It is not his fault about oil and gas down turn. Who is Paulla?
Schlumberger Ltd SLB is expected to lay off thousands of more personnel before the year ends, per a Form 8-K filing with the U.S. Securities and Exchange Commission on Dec 1.
Per the filing, Schlumberger is anticipated to incur pre-tax restructuring charges of $350 million from further retrenchment of its workforce. However, the form does not specify the exact number of job cuts.
Schlumberger had incurred pre-tax restructuring charges of $390 million in the first quarter of 2015 pursuant to 11,000 job cuts.
Taking the earlier reported restructuring charge figures into consideration, it can be induced that the anticipated job cuts before the end of fourth-quarter 2015 will be in the same range.
Per the SEC filing, the company expects a longer period of low oil prices that would further reduce drilling activity as well as intends to reorganize itself.
The reshuffling may result in termination of back office functions owing to Schlumberger's acquisition of Houston-based Cameron International for $14.8 billion. As observed in Aug 2015 by a partner responsible for energy investments at Houston-based Chilton Capital Management, when any two corporate offices join in Houston, various operations jobs are reassessed.
Schlumberger had last reported a reduction in headcount at the end of the first quarter of 2015, which totaled 20,000. This is the second-highest number of job cuts since the company's peak in 2014.
Schlumberger did not disclose any further details with respect to its filing.
Schlumberger carries a Zacks Rank #5 (Strong Sell).
One positive is that we are arranging 2,000 incentivized leaves of absence!
And we're letting another 10K go, have a wonderful day!
It's Paulla now that I've led SLB through It's transformation. People are my number on value so you are all very important to me, best wishes and best health for the new year.
lol
He sucks!!
Paal message is even hard to read as the hub has been crazy slow for weeks... really seems that something is broken in this company!
He is soooo kind and toughtfull. Best CEO ever