With the results for the second quarter as bad as they are, expect to see Baker leadership resort to the one thing they are good at - laying people off to artificially inflate the numbers. With revenues down 21 percent, I'm expecting to see massive cuts within the next few months.
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They need more high priced spreadsheet builders to justify the Ops Director's job in each product line.
Even GE doesn’t want to hold BH.
BOD Aberdeen is going to very slow in the coming weeks, after having over 40 million on the books it’s dwindling down too one or or two pounds is this the beginning of the end hopefully we could all be out on our a–. By Monday
Layoffs at Emmott Road today. The shop is slow, and not enough orders to keep busy.
Layoffs now, next up chapter 11 bankruptcy, let the better quality companies pick over the remains. Give made a fortune shorting my BHI stock.
NHR in Houston will be closed in the end of this year, and there are 400 employees working there now.
Biggest pitfall of this organization:
Insecure Managers
- Care only about their own career progression and no plan for sustainability 5-10 years down the road.
- Onboard talent that are newbies, low-educated to drive out experience or educated since they are cheap and don’t pose a threat
- In doing the above, they dismantle once-great groups and then just jump on to their next assignment and repeat again.
Customers know this and see the difference in service. You can’t show up against our competitors with SMEs that don’t even have the degree, experience in the field! Being charming or having the looks may work for sales, but from a technical standpoint you just look like a fool.
I wonder how they are still able to retain all of their 1700 workforce in CTC
It’s okay. Digital and automation will take us into the future. SAP has revolutionized our Enterprise and combining it with cyborg operators and driverless trucks BKR can survive only with managers running the show in the control rooms back at the central office.
Now is the time to switch careers or spend time and money wisely. Me, I depleted my 401k savings and invested it in pumpkins. With the fall season fast approaching, I’m going to make a k–ling.
Baker - the company no one wants and no one asked for. All this ‘full-stream’ nonsense, not in response to a market survey, not because customers wanted it, only because Baker just happened to have a bunch of dispirit divisions and someone decided to try and make it a gimmick. This kind of internal focus, navel gazing is precisely why Baker was suffering BEFORE the down turn. Now it’s just running on fumes. This is a dead parrot.
we have been paying off staff in Aberdeen for 5 straight years now we are 65% of the size we once were and paid off almost all our experienced staff.
we now run jobs with graduates and trainees to save money and wonder why we lose contracts each month.
The company has zero respect these days and when your classed well below weather Ford as a company its embarrassing.
they have 5 times the staff in some departments and are busy how can we keep getting it all so wrong.
Its funny that 8 years ago when all the ex drilling old school highly experienced people were running us in Aberdeen we had 5 times the staff, 10 times the work and could not keep up with requests for work now we sc-ape around for what the other company' don't want.
only losing 3 or 4 billion a month what a joke....
Okay just get rid of all the geog people. They’ve f—ed everything.
So far, BHI has let people go in small groups without much fanfare. Because of the 2nd quarter numbers that won't be possible anymore. It will be like Halliburton, where they lay off by the hundreds and shut entire facilities. The economy didn't just crash; it changed fundamentally. Demand will never recover to pre-lockdown levels.
My advice to everyone is to get out of O&G altogether. There's no future here.
20 plus were just let go Wednesday July 22 at The Woodlands Drill Bit Facility
Rockies doing a small hands lay-off if they don’t secure another rig soon.
Looks like BOD ABERDEEN will be next happy days
Heard there’s a small round in drilling services for hands in the Rockies if they don’t secure a rig soon.
Leadership? aberdeen Office? 😂😂😂
Heard there’s a small round for hands in the Rockies if they don’t secure a rig soon
A lot of overhead in Sugar Land that can be removed. There is only so many spreadsheets of the same information keep on be recycled.
Already been making people redundant only thing they were ever good at
They need to restructure some of the management- let some of the higher paid go.... of course that’s wishful thinking.
Next few months am hoping next few days
loss was only 16 billion dollars.