Saturday, February 22, 2025
Oilfield services company SLB reorganizes, expects more job cuts, source says- oil and gas 360

Oilfield services company SLB reorganizes, expects more job cuts, source says

(BOE Report) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it said in an internal

BP cuts over 5% of workforce to reduce costs- oil and gas 360

BP cuts over 5% of workforce to reduce costs

(Yahoo Finance) – Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each country it operates in.