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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.
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.
Since the start of the recession, 8.8 million jobs have been lost, according to the Bureau of Labor Statistics. [10] In the U.S., jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012.
That takes a toll on employee physical and mental well-being, as about 32% of those surveyed say they have anxiety and stress, 30% report frequent headaches, and 23% deal with disturbed sleep.
Good morning! Offering employees pay cuts in lieu of layoffs seems like a win-win situation for organizations and their workers. Or at least it looks good on the surface.
September 29, 2020 at 2:03 PM. ... companies agreed not to lay off employees through Sept. 30. That “Payroll Support Program” helped many stay on, and keep health care and other benefits ...
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
April 24, 2024 at 2:02 AM. Ted S. Warren/AP. A union representing Boeing engineers has alleged the plane maker retaliated against two employees who, at the time, were working on behalf of the ...