Exclusive: Oilfield services company SLB reorganizes, expects more job cuts, source says
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SLB, a leading oilfield services company, is undergoing a reorganization of certain business functions and plans to continue reducing its workforce. This move is part of an ongoing effort to streamline operations.
February 11, 2025 | 5:00 pm
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SLB is reorganizing its business functions and plans further workforce reductions. This indicates a strategic shift to streamline operations, which may impact short-term stock performance.
The reorganization and workforce reduction suggest SLB is focusing on cost-cutting and efficiency, which could lead to short-term uncertainty and potential negative sentiment among investors. This may result in a short-term decline in stock price.
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