Thread regarding Schlumberger Ltd. layoffs

Spot on. Here in the UK we have a VERY expensive clueless expat guy running the drilling data management program. His presentations lack substance, extremely poor and non-actionable recommendations but because he is always entertaining people at his home, he has managed to fly "under the radar". Where is the value?

Do we have to pay a fortune to this guy so his wife can brag and brag about their international trips and kid's schools? Or do we TRULY rationalize our decisions and give a LOCAL SME and OPPORTUNITY to truly deliver what we need?

Look around and ask yourself how many expats you know are truly putting their weight vs. just BS'ing everybody with a bunch of acronyms that not even them understand.

L O l

AI will replace your job. Computers will manage the company. Shut up and get back to work.

SLB is litterally full of well paid clerks. They have no valuable skills or knowledge but somewhat manage to survive.

Meetings are another plague in this company. Most of the management spends over 50% of their time in internal meetings, and another 20% in preparing slides for the next meeting. Zero added value.

SLB a tech company? As much as GE, if you ask me. DELFI is the new Predix, and the stock price is following the same trend.

And THIS IS the scary part:

"100% correct, any mid career hire can tell you why slb is failing . For all of those who have never worked anywhere else, get ready for a dose of reality. You will be expected to actually do the job you arr hired for. Good luck"

No doubt. And shoving receptionists or administrative clerks into harsh working positions so management can outsource 3rd party contractors to avoid layoffs legally and just get people to quit through an internal constructive dismantling by manipulating vulnerable HR reps fresh out of college.

I value Al icee very much

100% correct, any mid career hire can tell you why slb is failing . For all of those who have never worked anywhere else, get ready for a dose of reality. You will be expected to actually do the job you arr hired for. Good luck

At this point I don’t know why any younger people would want to try to start a career with SLB. The industry is rapidly changing in a race towards the bottom, with SLB taking the lead. There’s going to be a massive talent shortage very soon just like the 80’s. Transforming the business into a tech company clearly isn’t the answer, but that’s what SLB has hitched its wagon to (for now). I’m sure by next year they’ll launch an SLB version of Siri and start a new PowerBI strategic product line or something else r—d e d. Nothing this company does surprises me anymore.

Yes, there are cumbersome processes that need simplification. This alone did not cause the 80% stock drop over the past 5 years. Even a best run company in this industry would have had to layoff “talent” under these circumstances.
Feel for all still there - good luck!

And hence why you’re still here

I agree. Never seen a company with so many people titled "manager" behind it. Seems like some sort of manager academy