Layoffs may to cost centers including - Admins/HR/Procurement/Research centers (Nerve centers...). Better start pretending you are digital, born digital, work digital whatever that means ... talk open source like your executives without understanding what it means and how to make it happen — and make sure to become an expert in Power Point cause if you are one of many who are struggling to actually build the future or do these days, you are potentially on your way-out, but if you present well enough a dream on Slides then people think you have achieved it and keep the fugazzi machinery going and eventually sell that dream... how sad... reply if you know more...
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$36.62 stock... your stock options are probably worth peanuts by now, unsold DSPPs gathered these last 10 years pure losses and RSUs to compensate your below average salaries, used to keep you in place worth less and less ! There is truth in the original post - the bunch of clowns at the top don’t have much choices in sight.
What about Rosharon? Do we still fit in?
North America growth is negative. Only place growing is international says PK, your amazing CEO. The same person who approved to move the whole organization around, with all the crazy costs associated, so that North America almost reports straight to him. Major fail! Now repercussions are coming on the population working in the USA due to a domino effect of bad leadership decisions. The same leadership team, who has a golden parachute, is planning on replacing “un-essential” people with “new blood”. Where it is sadly funny is that, the same people planning on letting go some of our forces, are struggling to hire young people to build our 4.0 digital/transformation because oil is no longer attractive. Thank you “good ole boys” that screwed it on both sides. Whoever is taking over this mess post PK / AB & co. will have a tough time to clear up a mess that has started back in 2011.
After a year, the digital team is still doing “vision” slides, next one scheduled sometime in August.
People, after that many Vision slides you would think that the Digital team has the super power to make the blind (Executives - above Chet*n) see. See how mediocre the Digital organization is.
Indeed, that's top-heavy to "manage" somebody that writes yet-another las reader (and why would anybody buy it anyways?)
Now look at the Petrel Portfolio. There are (many) more portfolio managers and product analysts/champions/... than actual new features released in any major versions of the software. Just add the swt/dt management side to it (plus multiple architects and advisors) and you get the heaviest, most disconnected from operations and least agile dev organization ever.
http://go.pardot.com/webmail/45692/1486758879/c57bdc2566b0abf2a856ae27d6eca45d
With all the manager heavy structure, nothing related to Schlumberger and AI. How will Schlumberger dominate the E&P cognitive race with Delfi and get all clients to use it if clients are building their own solutions and competitors have not been sleeping while we Schlumberger is trying to understand Apollo DELFI AGORA...
The good thing about digital buzz is that everyone is doing it, the bad thing is that once a company has invested heavily in digital, it is that much less market share for Schlumberger as these companies wont want to use Schlumberger’s solution. In other words oil companies are not waiting for DELFI and the longer this thing takes the harder will be to sell. Anyone knows of any clients actually buying/adopting DELFI and how the Schlumberger cognitive environment is doing ?
Great times for clients, bad times for slow reacting service companies.
https://www.msn.com/en-sg/money/careersandeducation/10-signs-of-a-toxic-workplace/ar-BBUQ8lD?li=BBnb7Kz
looks like slb..
SLB with this Digital transformation is now more than ever an inverse pyramid. Example from the tech center side: take the person building some of the core Delfi data ingestion (1 person) let’s call that person X (produces Delfi tech that may be sold commercially) Now lets look at what lies above X (produce dreams through PowerPoint)
X > Program Manager > Technology Manager > Center Manager > Digital Manager > Platform 4.0 Manager > VP Platform 4.0 Manager > EVP Technology > CEO
Now from the « research » side say X is designing an MVP (produce dreams through some non commercial code but has potential to get us clients) and let’s look at what lies above them.
X > Program Manager > Research Director > Platform 4.0 Manager > VP Platform 4.0 Manager > EVP Technology > CEO
An average of 5 managers (excluding CEO) for an X that is supposed deliver. Note that it can get much more complicated with the functionals and the Apollos and Agoras and Delfis side track managers, product champions, platform champions, etc. Also, managers get quite a hefty pay compared to X more so cause they are all there not because of their skillset but because they have a symmetric friendship network.
How can our company get better with all these Digitally added Layers.
New People, Olivier & co. on the top wake up!
Fortune telling, yes that is sound financial business planning. How did he know that the future is digital and why did no one else know? Does he actually know what digital means? The future is binary, 0 or 1? Or is he referring to replacing analog technology SLB does not have in the first place? Maybe he's talking about the state of the future, positive or negative? Hmm, perhaps he's talking about technology that is not applicable to anybody on a rig floor. Yes, he's regurgitating "the lights out factory" from the 80's. Na, it's just complete garbage coming from someone who's getting paid millions to lead a multinational corporation. The board of directors should be ashamed. I know the shareholders are appalled!
Heard there was a VP Digital - any idea what this role is about and what he or she does? How does Product lines / segments interact with that org?
The future is ours? What is that man smoking?
What is this, ghost busters or some sort of Adam Sandler movie? How does anybody take any of this serious? They are completely clueless resonating consultants' and PK's propaganda. This company is being shorted on a massive scale! Little profit, tanking share value, and massive debt without a real plan on how to increase margins. This is all Adolf style donkeyc-ap... Everything is in the toilet yet we are advancing on the eastern front!... I mean digital front.
This company blows through money like stormy d
For sake of staying in business, Schlumberger must do actual transformation and this time it better be k--ling mafia of useless employees
Apparently, the "world's leading provider of technology...", that invests the highest fraction in R&D, and is the largest software provider in the industry, isn't "digital".
And requires some cringe-inducing self-promoting millenial airhead to tell everybody how digital is my world, and the appointment of a woman whose 30 years of experience is exclusively in Accounting, to serve as the digital strategy manager?
“The Future is digital, the future is ours” – Olivier Le Peuch
“Digital is coming” - ???
Fun to see the folks who actually been in the company 25+ years, non-digital people (based on what we read and are told today), actually managing the digital transformation... find the bug... while they certainly may be capable to do it, they still have to go through a personal digital transformation before being able to convince the SLB population and products to transform... based on this strategy our “digital transformation” timeline is inherently delayed by the time it will take the people carrying it and leading it to actually understand and think digital... guessing our clients based on that will have to wait long before they see the fruits of PowerPoint come to life.
Just go back to product and service development based on what the customers want. Problem solved. Lets call it 3S for the power point. Safety, Service, Sell. If you are not doing one of these things then you are not helping.
All this weird BS is not making any money. SLB needs to be back on focus with customer demand and solving customer problems. Hopefully the new CEO gets everyone refocused.
Customers want SLB to do the hard work for them, SLB needs to listen to them.
There is no reason SLB cant be #1 in the industry, SLB has great people. They just need guidance from the top along with freedom to do their jobs so employees. SLB can do amazing things with its resources, brains, and brawn. I can truly say that SLB can be faster and more cost effective then its competitors. SLB is in a good position in the global supply chain. Also, SLB needs to get rid of the fear at all levels, it makes no sense when everyone from rig workers to managers are scared to innovate, think from their feet, and have teamwork between groups because of arbitrary internal budgets and backstabbers that watch you with a microscope looking for dirt to tattle on you.
Good luck everyone as laying off the OP's listed groups, probably to outsource to india or china, will put SLB on the path to failure. Sure the labor is cheap, but it is not cost effective.
The share price is less than half of the figure when he started in 2011 and a third of it's highest figure....all of the ilame, manager-employing initiatives have NOT helped. He should have gone long ago in spite of the articles which the deluded, @55-kissing acolytes bleat about and add their incredibly sugary and vomit inducing comments to on SharePoint ( I am proud to be Blue/we are one big family).