Thread regarding Schlumberger Ltd. layoffs

SLB is tightening their reaction time on operating cost and business decisions to a quarterly basis from an annual or bi-annual basis previously

……………..More workforce reductions are likely this year. While SLB believes the 9,000 cuts are a reasonable starting point given their 1Q outlook, management said: "If activity is lower, we have the ability to quickly cut more." We believe 2Q will be more challenging than 1Q, and expect SLB will be forced to make several more rounds of layoffs this year…………….source.. http://oilpro.com/post/9743

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Nice, they should switch to daily monitoring, something like from 2 to 4 pm you were noy busy, ok, you are fired

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