Due To Falling Oil Revenues, Oil Companies Lay Off Workers

Forbes Magazine states that on Thursday morning came news that oil services company Apache Corp. will lay off about 250 people, or 5% of its workforce.

Later in the day came worse news: oil services giant Schlumberger said it was in the process of slashing 9,000 workers worldwide.

These are only the latest hits to an oil industry already staggering under $50 oil. So far there’s been at least 24,000 cuts announced in North America alone by the likes of Shell, Pemex, Halliburton, and Suncor, and they will likely only get worse.

Here’s a list of layoffs by oil (or oil-related) companies compiled by Forbes so far:

Petroleos Mexicanos (Pemex): 10,000 workers (in Mexico).

Halliburton: 1,000+ workers (Eastern hemisphere).

Suncor: 1,000 workers (Canadian oil sands).

Ensign Energy Services: 700 workers (in California).

U.S. Steel: 700 workers. (Cleveland and Houston).

BP : “hundreds” of workers.

Schlumberger SLB: 9,000 workers.

Tenaris : 300 workers (Mississippi).

Hercules Offshore : 300 workers.

Shell: 300 workers (Canadian oilsands).

Apache Corp.: 250 workers.

OFS Energy: 150 workers.

EOG Resources EOG: 150 workers (Canada).

Enbridge : 100 workers.