Thread regarding Schlumberger Ltd. layoffs

Waste Waste Waste, Slb waste more than anyone I have ever seen
Now our green battery recycling boxes every single 1.5 volt battery has to be in its own ziplock bag??? really, like we don't waste enough time making up reports to write every month

SLB is going down hill fast. They purchased great companies that were doing fine and run them in the ground

Slb - scumberger nickname is real. The sc–w you mentally for a long time.

I used to be the s–m manager who once a year or re-org got told bottom 5-10% gone by month end, the list was reviewed and favored few were yanked off. Unlucky few added, add plus or minus 20%. This included my peers and fellow managers, great people VIP 1 day gone the next, no goodbyes. It carried on all the time, with increasing pace.

But this last down turn 2020 - got me. It sucked, 20+ years A ratings fighting to save the company money, fighting to save people jobs, all the time fighting....saved so much money for slb and I did okay as well. But ran of friends, I got promised a new role (by a complete liar) 1 month later the same Very- VIP changes mind and a bunch of people disappeared. Zero comeback they get promoted and employees get screwed to save a vip who lies.

The company was so f-t they could- I fear when then run out of good people to fire... to run the show? One day hopefully we see the rates eating other rats, I hope the good survive. Good luck.

Ps I got another job, good people great role, mentally scared but will get over it one day.

SLB golden days are gone. It is not a dream company anymore. They laid off the leaders and put instead micro managers busy designing PPT to their seniors. They never bother to walk around and really ask what is happening? Why are your numbers like they used to be? They say people first and it looks that people are last. They are overlooking talents stopped developing their own people and are re-hiring , instead of empowering their own people. very sad that these micro managers are playing around with the « equal opportunities « their lay off plans are based on favoritism.... I wonder if the values of blue blood are still there.

Hey did anyone see that episode WITH THE STROKE of A PEN during the first day in office here in the US. We are screwed oh wait are windmills and solar panels in our future or will this industry (oil/gas) ever make a comeback. God Bless

Since pumpdown services in the wire line segment are sold to liberty I wonder how long it will be before the open whole side of the company in the US is sold also. Word has it OH is costing SLB in the US and that is where I believe it will be sold. Anyone else hear of this ??????

22. 6 years and what should I expect for Severance. I think I will retire from the oilfield. Is there any hope for me to squeeze a couple more years Retire. It is to hard on the head. They are probably giving me the boot anyway. Please reply

If you observe how SLB managers spend their time you will see a person who isolates themselve in an office typing on a computer all day. Do they ever walk around the office and talk to the people under them to know how things are going? Not in my experience.
What the hell are they doing? Maybe making slides for other bureacrats.

SLB needs leaders not bureaucrats. Leaders earn their reputations and positions by achievements. The company would be well served to get rid of the bureaucrats who clog the system and are a drain on revenue. Replace them with teams led by leaders who have earned their stripes.

The best times for SLB, as with any other major service company, are when oil is riding at $100; or, at the very least, super $65 a barrel for an extended period of time. Thats when SLB has a name to its title. Any other time, it is useless.

As I recall when I entered the industry, it was customary for engineers to do their 5 yrs of service to any major service company; and, then at that point flock to an operator as a consultant or company man. Those days are no more.

@1ooh - I think I completely agree with you, but believe this quote illustrates the arrogance better.

“It is really pathetic to see our leaders waste so much air stating that SLB is all about choosing the best.”

Its designed to make you feel 'important' so that you are less likely to seek opportunities elsewhere. When you see a company bestowed like that, then thats typically not a good sign of the quality of the organization.

"Manager here... Many of us are simply an overkill that this company does not need anymore... We join meetings all day long... And try to look busy... After the reorganization I see the same amount of managers around me... Even more... Looks like everyone that is holding this company back has a managerial position and their jobs are too keep it obsolete...

I'm trapped here for a while and I'm milking this cow while I can... If they could kick me out with a std. severance package that would be great to start over in another industry... Oil&Gas no more for me... Dead end..."

Manager here... Many of us are simply an overkill that this company does not need anymore... We join meetings all day long... And try to look busy... After the reorganization I see the same amount of managers around me... Even more... Looks like everyone that is holding this company back has a managerial position and their jobs are too keep it obsolete...

I'm trapped here for a while and I'm milking this cow while I can... If they could kick me out with a std. severance package that would be great to start over in another industry... Oil&Gas no more for me... Dead end...

When we started choosing people for jobs they can't do (or poorly do) based on their ability to entertain people at their homes we knew that we were going to end this way. It is really pathetic to see our leaders waste so much air stating that SL is all about choosing the best. Really???

What we see in the field is a bunch of employees that feel entitled to continue milking the cow with VERY LITTLE opportunities for us, the next generation that is working so hard to deliver value and finally be noticed.

So yes, trim them first, starting with those bragging expats in the UK, who think themselves as Einsteins but can barely analyze metadata anymore. Start NOW, 2021 is too late already.

Amen. Such a top heavy company!! How can you expect the same success as companies without such conflagration?

"Lay off the six levels of useless management that just circle jerk each other about how great they are while adding zero value. If management would actually take LEAN level 3 they could identify all the bottlenecks and WASTE that their failed strategies and initiatives add. Any hope of profitability has been lost with the ridiculous hoops that need to be jumped through to make anything happen. We are a 24/7 business and major systems and managers are closed for the weekend.

They should outsource some give a f— to Bogota"

Lay off the six levels of useless management that just circle jerk each other about how great they are while adding zero value. If management would actually take LEAN level 3 they could identify all the bottlenecks and WASTE that their failed strategies and initiatives add. Any hope of profitability has been lost with the ridiculous hoops that need to be jumped through to make anything happen. We are a 24/7 business and major systems and managers are closed for the weekend.

They should outsource some give a f— to Bogota

Why are you going to every companies page asking this same question over and over? What do you think is going to happen mo–n?

More Americans working overseas, more foreigners working in the US, significant portions of the company dedicated to constant re-organization, more pushing of “digital”, more pushing of integration which is the death of IBT, non competitive market compensation.... why does anyone want to work for this company?

Honestly at this point I’m wondering when SLB will become just an HR outsourcing company. The only position that seems to stay safe at SLB is HR because...well who do you think has to process all of the layoff paperwork? Just like companies like ADP outsource payroll software and support, when will SLB start outsourcing HR support? Maybe one day a young Google or Amazon employee will need to get their new hire paperwork set up in the system, and they’ll call 1-800-ASK-HR, it’ll get routed to some SLB cubicle farm, and the first question they’ll hear on the other line will be, “Have you put in an HR ticket yet?”

Schlumberger is a thing of the past. It soon will not be in the USA.

Amen. This is the mark of an historic change in business as usual for the oil industry. The days when oil would stay down for a year and then come back are gone as well as the salaries that came with it. It s—s because I started my career in the inflection point back in 2014 so I saw the whole transition ever since.

"The industry was in deep trouble 4 years before Covid so don't expect any vaccine to save your sorry butt's. Things will change dramatically."

The industry was in deep trouble 4 years before Covid so don't expect any vaccine to save your sorry butt's. Things will change dramatically.

You guys should lay off the company before they lay you off

Of course it is the service sector- good luck.

Oil companies on the other hand are just starting their re-org as a result of covid / market factors and expect to close in the new year....maybe.

1) Yes, bottom 5%
2) Plus what have we not taken care of.
3) ONE executive will be let got with a 2 year full compensation severance package to make sure ..... not work for the competition, same time promote 2-3 others to join the c-suite club. “Congratulations you have screwed over enough others to be recognized.”

Of course there will be. That what SLB does most efficiently...