Why did the world s largest oil service company suddenly lay off 21,000 employees?

On Friday, local time, Schlumberger, the world's largest oilfield services company, announcedDue to the impact of the new crown epidemic, will lay off 21,000 employees to protect themselves, and the company will use more than $1 billion in severance pay for this.

Schlumberger's second-quarter earnings report showed a third-quarter profit and a loss of $3.4 billion. The long-established oil service company employs approximately 126,000 people worldwide from more than 140 countries and serves 85 countries, with its main offices in Houston, Texas, Paris, London, and The Hague.

The company expects that severance payments will be paid in the second half of this year for the majority of departing employees. The slowdown in global economic growth has put pressure on the energy sector, with more than 200 oil producers filing for bankruptcy protection over the past five years, while the pandemic has exacerbated industry consolidation, the report said. Since the beginning of this year, ****** 33%, natural gas ****17%.

The largest oil service company suddenly announced that it would lay off more than 20,000 employees, which must have been a problem with the company's operating conditions, and it was forced to choose to lay off employees.

Due to the impact of the new crown pneumonia epidemic, the global **** has declined sharply, and the company's profit loss is serious! So the company can only lay off employees and reduce expenses!

Maybe this layoff has something to do with the epidemic.

Because of the bad economic situation this year, global oil demand has decreased, which has led to significant layoffs in global companies.

Due to the trend of the continuous spread of the epidemic, the world's economy will not be too prosperous this year, and all walks of life will decline and shrink to varying degrees. Naturally, oil service companies are no exception, and they cannot escape the influence of this law. So it is reasonable for him to lay off employees, but their company is relatively large and the number of layoffs is relatively large, and when the performance is good and the epidemic has passed, they will naturally recruit people.

Because of the downturn in the economic situation, enterprises are under great pressure and have a hard time. The burden on businesses can only be reduced through layoffs.

Because this year is a special situation, in fact, this is also very common.

Don't look at this number, but look at the size of the company, the number of its own company is very large, so this proportion is actually not very large.

But this is just a process, and the development of all economies is a wave.

Because the economic downturn is too serious, the world's largest excellent service company laid off 21,000 employees, which is for its own survival!

I think this matter is affected by the epidemic, because of the economic downturn, so it is normal for Germany not to lay off employees, because it is impossible to use money to support employees.

Many companies affected by earnings this year will take this form to reduce losses, and sometimes working in some large companies can be regarded as fearful, and they do not know when the company's business performance will decline, they will adopt this method, and they do not know when they will lose their jobs.

Under the shroud of the global epidemic, it is very difficult for every company and every enterprise to survive, and in order to prevent the spread of the epidemic within the company, the large oil service company chose to lay off 21,000 employees.

Why did the largest oil service company suddenly lay off 21,000 employees? Company layoffs are generally due to losses and insolvency, in this case, the scope of services is getting narrower and narrower, and there are not so many people and not so many businesses, so it is necessary to lay off employees and reduce the company's salary expenses, and the layoffs of the world's largest oil service companies should also be the case.

Why did the world's largest oil service company suddenly lay off 21,000 employees? Due to the pandemic. All economies are in decline. So sudden layoffs are normal.

Under the circumstance of the global epidemic raging this year, it is normal for all walks of life to experience a decline in performance, a recession in the industry, and layoffs. As for the largest oil service company, there must be a reason for this. So it's not surprising, it's just that his performance fluctuates a lot, and the number of layoffs is relatively large, and it's not a big deal.

If you make money, you will increase the number of employees, and if you lose money, you will lay off employees, it is normal for people to do so!

Affected by the epidemic, economic benefits have declined, and with the development of science and technology, many work machines can be completed efficiently, and the number of personnel required will also be reduced.

Affected by the epidemic this year, the global economy has suffered a serious downturn, and it is normal for the economy to be bad and lay off 21,000 yuan.

Why the world's largest oil service company suddenly laid off 21,000 employees can only show that the economy is not good now, and there is no need for these people, so it is said that the whole world is laying off employees.

The drunken oil service company suddenly laid off so many employees, one is due to intelligent reasons, but now it may also be a certain recession, in short, he does have some various reasons to cause, this result.

Because the fuel has been low this year, many companies are not particularly good, and it is difficult for the company to maintain its operation.

The world's largest oil service company will lay off 21,000 employees because of the impact of the new crown epidemic this year, which has led to a sharp decline in the company's business and a decline in revenue and profit.

So in order for the company to be able to operate, we laid off 21,000 people, which is also good for the company.

The scope of the impact of the epidemic abroad is really too big, and it is getting worse and worse, and it has not been well controlled at all, especially for enterprises, the impact is huge, and it is common to hear the news of corporate layoffs, especially this year, look, the world's largest oil service company has laid off 21,000 people, a large number.

Layoffs are a last resort decision of the enterprise, and all these decisions are for the better operation of the enterprise, and it is also self-protection. The world's largest oil service company laid off 21,000 employees, all of which were affected by the epidemic, and the loss was too serious, up to 100 million US dollars.

According to ABC News, Schlumberger, the world's largest oilfield services company, announced on the 24th that it would lay off 10,000 employees and pay more than $1 billion in severance pay.

Schlumberger's second-quarter financial report, released on the same day, showed that the company's revenue fell by about a third and the loss was as high as 100 million dollars, and the company expects most of the severance payments of departing employees to be paid in the second half of this year.

The global economic slowdown is putting pressure on the energy sector, the report said. Over the past five years, more than 200 oil producers have filed for bankruptcy protection, and the pandemic has exacerbated industry consolidation. Since the beginning of the year, 33 ****** and 17 natural gas

At the moment of the new crown epidemic, the world is struggling to fight the ferocious epidemic, which has led to a sharp contraction in oil demand, and even the world's largest oilfield service company is not immune to the impact, with huge losses in the second quarter of this year.

Recently, Schlumberger announced the layoff of 10,000 employees, accounting for almost 1 4 of the total number of employees.

As a result of the pandemic, the economies of various countries have been hit hard, and many economic activities have been prevented from carrying out due to the pandemic, and the oil industry has also been deeply affected.

Since the beginning of this year, global demand and energy have both been 33% and 17% respectively.

Well, because the current and global service industry, as well as other industries, are caused by economic depression, even if there are oil products, it is not very good, so if they talk about the oil industry, he does not need this school to lay off more than 20,000 people.

The world's largest oil service company laid off more than 20,000 employees, mainly because in order for the company to continue to operate, in order to reduce the company's expenses, they must lay off employees to be able to preserve their strength, because affected by social turmoil, the market economy has changed, oil service companies have been unable to support, can only make the most primitive financial resources, in order to ensure the company's most basic example.

That's because this year's business is too difficult to do, so for the development of the company, there are suddenly so many layoffs, so you must cherish your work this year, even the largest oil service company has laid off employees, indicating that the economic situation this year is too poor.

The downsizing of oil service companies is due to the recession in the industry. The global economic slowdown and ****** have caused the company to lose more than $3 billion. In order for the company to operate normally, it is necessary to take measures to reduce the number of employees suddenly and drastically, which is the need for the long-term strategic development of the oil service company.

Recently, according to foreign media reports, Schlumberger, the world's largest oilfield services company, announced that it would lay off 10,000 employees and pay more than $1 billion in severance pay. On the 24th, Schlumberger announced its second-quarter financial report, showing that the company's revenue** was about one-third, and the loss was as high as 100 million US dollars.

First, the slowdown in global economic growth has put pressure on the energy sector, in fact, more than 200 oil producers have filed for bankruptcy protection in the past five years. In recent years, due to the negative impact of the economic slowdown on the world economic growth, some industries such as oil and gas have encountered resistance to their own development, and small enterprises are even more difficult to support, and many companies say that they are experiencing the biggest crisis in decades.

Schlumberger is only trying to survive the temporary recession, the bottleneck of the industry. I hope that the epidemic will pass and spring will bloom.

The world's largest oil service company has laid off so many people, it must be because of the reduction in orders and the reduction of workload of oil service companies, and it is likely that they should adopt some mechanized means to deal with it.

The epidemic has affected the vast majority of companies around the world, and oil companies are naturally among them, so most of them must lay off employees to reduce expenses, which is a last resort.

Mainly because of the impact of the epidemic, the company is not in a good situation, so it has to lay off employees.

The world's largest oil service company has laid off 21,000 employees, and the oil service company wants to lay off employees in order to reduce expenses and enable the company to develop more healthily and in the long run!

Schlumberger, the world's largest oil service company, said it would lay off 21,000 jobs worldwide and pay more than $1 billion in placement fees. According to Schlumberger's second-quarter financial report, the company's operating income fell by about 1.3, and the loss was even as high as more than $3.4 billion, and now there is no upward trend in oil**. The company said that it can only reduce the number of personnel now to reduce the company's financial expenses and labor costs.

to maintain the stability of the business.

On top of that, many of the world's top oil companies have announced personnel reshuffling plans. It is hoped that the company's own internal employees will voluntarily apply for resignation, and the company will provide certain subsidies to these employees, so as to improve the company's operating conditions. The coronavirus has had a severe impact on businesses, leading to a global downturn in oil**.

The oil business has been greatly reduced, many large oil companies have filed for bankruptcy, many employees have been forced to lose their jobs, and some funds have been taken out to subsidize these enterprises, which can only solve the urgent need, and the future development is still worrying.

The International Energy Agency (IEA) said that the global oil volume will continue to weaken, and it will take at least a year for oil demand to recover to pre-pandemic levels, and if the epidemic is not controlled, the recovery time will be extended. At present, the downturn of oil companies will last for a long time, as a large oil company, not only the enterprise has many employees, and the fixed costs are huge, if there is no reasonable plan to reduce costs, then the company's capital chain will be in crisis.

The development of new energy may be the direction of the layout of large oil companies, the downturn of traditional oil has made many companies realize that new energy is the main energy in the future, not only cheap and clean, but also the difficulty of oil exploitation is gradually increasing, the original mining is also rising, there are many large oil companies said that the company will take out part of the funds for new energy layout, to ensure the development of enterprises.

This is the global economic contraction caused by the new crown epidemic, the supply of oil is greater than the demand, layoffs are inevitable, and it is normal for oil service companies to reduce services, and this economic recession will lead to more unemployment.

The world's largest oil service company is laying off employees, and the manpower of oil service companies will become very tight, and all aspects need to be adjusted, and the company's revenue is facing a crisis of shrinkage!

Layoffs in oil service companies can save companies a lot of money. Due to the severe impact of the new crown virus on enterprises, the global oil ** has been greatly reduced.

Schlumberger, the world's largest oilfield services company, will cut 210,000 people, which means oil service companies have to pay huge severance pay, and the slowdown in global economic growth is putting pressure on the energy industry.

The stock price depreciated. The first impression of layoffs is that the company is about to go bankrupt, and even if the company is stable, it will lead to a decline in shareholder confidence.