Topics regarding layoffs at National Oilwell Varco Inc.

Topics regarding layoffs at National Oilwell Varco Inc.

2.5% Increase???

So we were told today we’re only get 2.5% increase this year. That won’t even touch the inflation we’ve all faced over the last couple of years. This is crazy.


Stock Price

The former CEO announced his retirement last year. Since that day, there has been a steady climb to produce a 40% increase. Coincidence? Can't blame the war in Iran since it's only gone up a little bit since then.


Brandt

Brandt needs to get their act together. The lowest paid division in a multi billion dollar company. 20 VPs sounds unnecessary to me.

Facility Closure

I just heard there is another NOV Facility closure in Conroe/Willis and that business line and employees will be moved to NOV PCG. Is there any truth to this?

Attention Navasota employees!

Save all your money this year because 2026 is going to collapse. Start updating resumes and start putting in applications! Only money being invested at Navasota is in Billy the Kids office!! Oh and be grateful on that 3% raise. That was the last one... — read more 

What’s the latest?

What’s the latest in NOV? Any chance of a turnaround? Should I sell or hold the stocks? I left a few years ago. Saw a change of the CEO. But the management team seems the same. Almost like rearranging the deck chairs on the Titanic.

Wellsite in trouble

Never have I seen it so bad inside of this group, we have no direction or leadership at the top. We lost a senior vp with no announcement or explanation from our president, now layoffs, everyone is on edge and we have no clear direction from the... — read more 

NOV UK

How long will NOV keep all our operations open. I have it on good authority that there are no operations in the UK making profit. Judging by the place I work, I can jolly well believe it. You can guess where I work by this clue - we have only ever... — read more 

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