Schlumberger to cut 11,000 more jobs, profit falls 38.8 pct
(Corrects headline and story to clarify that the company cut a further 11,000, not 2,000, jobs)
April 16 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 11,000 jobs, blaming the fall in drilling activity, particularly in North America.
Net income attributable to Schlumberger fell to $975 million, or 76 cents per share, in the first quarter ended March 31, from $1.59 billion, or $1.21 per share, a year earlier.
Revenue fell nearly 9 percent to $10.25 billion.
The company said it now plans to cut 11,000 more jobs in addition to the 9,000 job cuts announced in January.
(Reporting by Sneha Banerjee and Manya Venkatesh in Bengaluru; Editing by Savio D'Souza)
