** Oilfield services provider SLB's SLB.N shares rise 2.1% at $42.06
** Company to lay off employees and reorganize specific functions within its business, according to a source familiar with the matter and an internal email seen by Reuters
** SLB did not specify the number of workers who would be laid off; it employed roughly 111,000 people as of February 2024, according to a filing
** Reorganized functions would be in place by the end of the month and personnel updates would be out by the end of the quarter, said the source
** SLB had been restructuring in the past year and took $237 million in severance charges in 2024
** Including session's moves, stock up 9.53% YTD
(Reporting by Katha Kalia)
((Katha.Kalia@thomsonreuters.com))
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