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Schlumberger CEO 'Optimistic' Job Cuts Are Over After 34,000 Slashed

from FuelFix

The chairman and CEO of Schlumberger said he is "optimistic" the world's largest oil field services company is done eliminating jobs now that it has cut 34,000 positions — more than 25 percent of its global workforce. Schlumberger posted a nearly $1 billion net income loss during the fourth quarter and a 60 percent net income decline for all of 2015 from the prior year. more

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