Thread regarding Baker Hughes layoffs

He's going to retire extremely wealthy by doing absolutely jack sh-t very similar to many politicians

Simply put, he's smart in trying to get out of here (like all the other rats on this TITanic) with a golden parachute and the only way to do that is to sc--w up royally.

I’m loving the returns HAL and SLB is giving me. Two companies that actually have a steady vision of the future, who they are, and where they will be.

BKR still trying to figure out their mission, colors, logo, and SAP.

Baker Hughes - a company where HR makes the decisions on what is right for the company. Forget the district managers or any front line managers for that matter, THEY know what’s best for this company.

Sitting in meetings with a certain PL and their HR lead…I can tell you there is a power trip like they actually own the business. The fa--o only sits in his office and you have to beg him to fill a role that’s critical to the team. The answer is always no, spread the work to the remaining team, and limp along and provide poor quality work and service to the customer.

If we are a restaurant, and our service is dependent on a good waitstaff, it makes sense to get a quality waiter to have customers WANT to return. Poor service? They’ll never come back. Seems like HR can’t comprehend this. Always cut costs, find cheaper solutions. Finance lead also have a part in this as well.

They did this with experienced employees

They’d rather go with staffing agencies to replace headcount

Suppliers aren’t getting paid, causing major disruptions

The biggest sacrifice? Service Quality. We are a Fing Oil Service Company! Without the people or the products we will continue to spiral down. What a shame.

Thoughts I had in between meetings today.

1. The matrix organization is a complete disaster very hard to assign accountability in the organization for the anemic performance. Solution more useless bureaucrats holding meetings and tracking progress in spreadsheets; moving numbers and changing projections to tell narratives around the numbers.

2. Targets just move around to make it seem like you always lose no matter what you do. Hit this margin, mid-year it is revenue, pull in the revenue, push out the cost, and sell the inventory. All these accounting games put pressure on clients to find someone else who is in it for the long term.

3. The spiritual demotivation that occurs when they invest in businesses that have no chance of making it, hire people who have no experience and fail to maintain the business that drives the revenue.

4. The laughable rebranding that we are not an oil and gas service company but a technology company. That's right we hired Hackerman to hack energy production back to 3000% using rf modulated flux inversion via AI and machine learning algos. Sure it would be nice if we had a P/E valuation of tech. But that would only be justified on the fact that we have no assets, no fixed costs, generate revenue from licenses and intellectual property, and are growing revenue at 20% q/q.

@lwt+1dCoeOpu You are spot on.

I’ve had mince for supper

Look at his performance at GE transportation and every question you have will be answered. He's a con, not much else to say

Not the first time the folks at the bottom don’t get what the guy at the very top is intending. The intention is usually to grow profits and gain market share

I think the real issue is that leadership below him all the way to the lowest layer in management is somewhat just repeating the jargon and not fully understanding their own role. The mission to deliver superior service to the customer doesn’t seem to be priority and now the offices are running with a skeleton crew that are overworked and hating their job. They don’t have job security and they rotate managers every 2 years. The worker bees are stuck not knowing their fate and no clear career path.

I ask all of you…have you talked to your HR partner to discuss career paths? Ask them to provide you with your current roles and responsibilities. If they got nothing that only means their future plans don’t have you in it.