Including these most recent cuts, the company's total workforce reductions this year add up to 16,000.
As a result of the lay-offs, Schlumberger incurred $646 million in restructuring charges in the second quarter, chief executive Paal Kibsgaard said in a release.
Kibsgaard expects the weak activity to continue through the end of the year, but with oil prices on the rise, the company will begin to renegotiate what it hopes will be more favourable contracts.
"The
