Schlumberger and Oil Services Peers Cut Most Jobs in 2016

Low oil prices continue to take their toll on the energy industry’s labor force. Three oil services companies are among the top five in 2016 job reductions. Houston-based Schlumberger Ltd. leads the way with 20,000 jobs cut, according to data compiled by Bloomberg. Each of the three announced cuts in April amid aslowdown in the U.S. job market.

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