Thread regarding Schlumberger Ltd. layoffs

Ain't no more fat to cut

http://www.zerohedge.com/news/2015-10-13/theres-no-more-fat-be-cut-desperate-oil-producers-cut-salaries-save-mission-critical

Now, it would appear that all of the proverbial fat that can be trimmed, has been trimmed which means that, as WSJ reports, further cost cuts will now have to come from salary cuts because going forward, cutting jobs altogether would imperil companies’ ability to operate.

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| 541 views | | 4 replies (last October 15, 2015) | Reply
Post ID: @OP+DWyMV0n

4 replies (most recent on top)

yeah they had a bunch of third party consultants doing some of it and getting paid $$$ by the hour. We spent a whole week developing a checklist with them that normally we would have done in 20 minutes. Talk about efficiency hahahaha

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Post ID: @2AiN+DWyMV0n

Transformation is being done by people who have no idea how to run the business. They are only looking at pieces of paper rather than how the operations actually work.

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Post ID: @2q9h+DWyMV0n

Transformation is being done by people who have no idea how to run the business. They are only looking at pieces of paper rather than how the operations actually work.

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Post ID: @24Er+DWyMV0n

you forgot about the "transformation" and that will increase efficiency 10 fold so more people can go without cutting fat and just getting more lean and mean

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Post ID: @1kTW+DWyMV0n

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