The company reported a net loss of US$3.43 billion in 2Q20, compared with a profit of US$492 million a year earlier.
The company said it took US$1 billion in severance charges during the quarter as it cut over 21 000 employees.
Nicholas Woodroof
Editor
Nick joined Palladian Publications in January 2018 after graduating from the University of Edinburgh with a degree in History, including a year abroad at the University of Delhi. After an enjoyable stint as Digital Editorial Assistant, he is now the Editor of Oilfield Technology and World Fertilizer.
Outside of work Nick enjoys cross-country running, whipping up the occasional curry and travelling.
