On July 14, 2025, the U.S. Court of Appeals for the Fifth Circuit issued a significant decision addressing the application of the Fair Labor Standards Act (FLSA) overtime exemption for highly compensated employees (HCEs) in the oilfield services sector. In Gilchrist v. Schlumberger Technology Company, the court reversed a district court ruling and held
"oilfield service"
Oilfield Service Providers Should Consider WARN Act Implications Prior to Making Job Cuts
By Russell Cawyer on
Posted in Layoffs and WARN
The price of oil has dropped significantly from its 2014 highs and the effect of this drop is trickling down to the oil field service providers. Energy exploration and production companies are drastically cutting their capital expenditure budgets for the coming fiscal year. Today, Schlumberger announced that it was laying off 11,000 employees in addition…