Schlumberger laying off 9,000 employees

HOUSTON, TX - The world's largest oilfield services company, Schlumberger, has just confirmed its laying off 9,000 employees due to tumbling oil prices, but the company will not say yet where those layoffs will happen.

Schlumberger's headquarters is in Houston, but the company has three offices in Bakersfield. Also, the company says the layoffs are already underway, starting in the last quarter of last year.

The company's stock price has fallen from 117 dollars in July of last ye