A couple of more cheap oil & gas nightmares for the working class:
Schlumberger axed another 10,000 jobs and reported a net loss of $1 billion during the final three months of 2015, the world’s largest oil field services company reported Thursday.
Since peaking at a global workforce of 130,000 in 2014, Schlumberger has cut more than 25 percent of its employees, or 34,000 jobs, since then.
HOUSTON — Southwestern Energy Co. will shed more than 40 percent of its workforce starting in the first quarter as it pauses its U.S. drilling program to cope with low natural gas prices, the company said Thursday. A reduction of over 1,100 jobs.