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  2. Schlumberger - Wikipedia

    en.wikipedia.org/wiki/Schlumberger

    Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.

  3. Paal Kibsgaard - Wikipedia

    en.wikipedia.org/wiki/Paal_Kibsgaard

    Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. He became its CEO in August 2011, succeeding Andrew Gould, who retired as chairman and CEO. He was replaced by Olivier Le Peuch in August 2019. Under his leadership, the company laid off approximately 70,000 employees in less than three years.

  4. Schools are bracing for widespread teacher layoffs. Here’s why

    www.aol.com/schools-bracing-widespread-teacher...

    Between March 2020 and March 2021, lawmakers authorized $190 billion in funding for K-12 schools – roughly six times what they receive from the federal government in a normal year.

  5. List of mergers and acquisitions by IBM - Wikipedia

    en.wikipedia.org/wiki/List_of_mergers_and...

    Transarc (Transarc Corporation bought by IBM in 1994, became part of IBM proper in 1999 as the IBM Pittsburgh Lab) [11] 1995. Lotus Development Corporation for $3.5 billion. Information Systems Management Canada (ISM Canada) K3 Group Ltd. Chrysler Systems Leasing (February 1995) 1996.

  6. Spotify to cut 1,500 employees in third layoff round this year

    www.aol.com/news/spotify-cut-1-500-employees...

    In a letter to employees, Spotify CEO Daniel Ek said the company hired more in 2020 and 2021 due to the lower cost of capital and while its output has increased, much of it was linked to having ...

  7. Offering employees pay cuts to stave off layoffs might be ...

    www.aol.com/finance/offering-employees-pay-cuts...

    Even if an organization does try cutting salaries to avoid layoffs, they probably won’t want to do so by more than 5% says Lori Wisper, a managing director at Willis Towers Watson’s rewards ...

  8. Great Resignation - Wikipedia

    en.wikipedia.org/wiki/Great_Resignation

    The Great Resignation, also known as the Big Quit [2] [3] and the Great Reshuffle, [4] [5] was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse, beginning in early 2021 during the COVID-19 pandemic. [6] Among the most cited reasons for resigning included wage stagnation amid rising cost of living ...

  9. 'Such a stupid waste of money': Spotify employees reportedly ...

    www.aol.com/finance/stupid-waste-money-spotify...

    In December, CEO Daniel Ek sent employees a note announcing the company’s third round of job cuts within a year — this time shrinking its workforce by 17%, or about 1,500 employees ...