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IBM, Credit suisse, Deutsche bank, Fideliy Lay offs in RTP are?


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Schlumberger 

 

More layoffs in Q2 (beyond 8,000 in Q1 reported below)

Schlumberger cuts 8,000 jobs in first quarter in ‘toughest environment’ in decades

Posted by Jordan Blum Date: April 22, 2016

Schlumberger eliminated 8,000 jobs in the first three months of the year, bringing the workforce of the world’s largest oil field services company down by nearly one-third since cuts began in late 2014.

Schlumberger, headquartered in Houston, Paris and The Hague, has now cut 40,000 jobs with more expected in a difficult second quarter, Chairman and CEO Paal Kibsgaard said Friday in a conference call. Schlumberger did not disclose where the job cuts occurred.

Schlumberger’s worldwide head count only decreased from 95,000 to about 93,000 — as low as 92,500 now — but the company reclassified 5,500 contractors as permanent employees, so the overall reduction was 8,000 employees, Kibsgaard clarified Friday.

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GENEVA

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes “substantial charges which are not reflective of our underlying business performance,” the bank said Thursday.

Credit Suisse is a major Triangle employer whose presence has been expanding. In September the bank, which today has 1,500 employees plus more than 200 contractors locally, said it expected to add in the neighborhood of 300 new employees here in 2016.

 

The bank isn’t commenting on how the job cuts will play out here. But it did issue a statement from local executive Jim Captain saying the company expects to continue to expand its Triangle operations.

 
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Deutsche Bank freezes job expansion plans in North Carolina

 

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Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it will freeze plans to create 250 new jobs at its Cary, North Carolina, location.

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