On behalf of the employees in the US that are about to celebrate the holidays among the stress of layoffs and restructuring, shame on bp. A company already struggling with a leadership and expertise vacuum gets weaker and more inefficient everyday due to its half-hearted offshoring efforts. It’s amusing to see roles being filled by people who have no idea what they are doing with little to no leadership oversight. Even basic technical functions have ground to a halt. The domestic staff that are retained have zero motivation to work hard because they know they’re likely to be a victim of the next transformation.
If you’re a shareholder, you should be concerned. What ever stock gains you see from “cutting costs” and inflated “profit” due to inflation will be undone in just a few months by the incompetency of a workforce that has little to no understanding of the domestic market. This is the nail in the coffin for bp. Bookmark this.