Oilfield companies cut jobs, brace for bankruptcies

(Reuters) - More oilfield service companies dismissed workers this week and law firms braced for an onslaught of coming bankruptcies in an industry slammed by slumping fuel demand and crashing prices during the coronavirus pandemic.Firms that provide oilfield services and equipment had barely recovered from the 2014-2016 downturn before crude oil prices last month plunged to near two-decade lows. Many were already operating on thin margins, and now face customers pushing for deep price..