Thread regarding Schlumberger Ltd. layoffs

The people cutting strategy is working: SLB cash flow rich in a slump buying back their own stock, paying severances and acquiring Cameron

Who cares about employees, its the stock price that counts! (but will this come back to haunt them in an upturn?)

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| 541 views | | 6 replies (last October 20, 2015) | Reply
Post ID: @OP+E2vb3sE

6 replies (most recent on top)

Many very respectable and talented "hands" are either leaving the patch all together or are hanging around just long enough for the upswing. These workers don't mind the very hard work, very long hrs, or the extreme conditions, they are interested in fair consistant pay and appreciation for their many sacrifices.

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Post ID: @1Wdk+E2vb3sE

If the company fails no-one has a job. There's no ethical obligation to keep you or anyone else employed.

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Post ID: @18Go+E2vb3sE

I hope it does.....bastards....

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Post ID: @d2W+E2vb3sE

Same is true of Walmart. 1.5 billion spent on increased wages; 20 billion to be spent on stock buybacks & with borrowed money.

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Post ID: @vPL+E2vb3sE

Talent isn't going to the competition. They don't want talent either.

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Post ID: @B5v+E2vb3sE

Yes it will. I see the talent going to the competition or staying away from the business altogether. For every action...

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Post ID: @YYs+E2vb3sE

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