Schlumberger to slash jobs.

Schlumberger to slash jobs. Oct 26th 2015, 00:00 Schlumberger, the world's No1 oilfield services provider, said it would cut more jobs and consolidate its manufacturing and distribution network as it did not expect a recovery in demand before 2017. The company's shares fell as much as 4.6 per cent to $72.63 in late-morning trading. Rivals Halliburton and Baker Hughes were also down about 4 per cent.