Great company for stock holders. Our employees are our greatest asset. Ha ha! Hypocrites I hope you all rot In hell!
3 replies (most recent on top)
who would buy them in this market
A company with good management would. Buy assets for pennies on the dollar when everyone else is selling is good business. Instead Paal and company like to buy at the top of the market.
Buy low / sell high. Ever heard of it?
Idiots. If a Company is not making enough money to make a profit it has to reduce its costs. It can't sell most of it's oilfield assets to offset any losses - who would buy them in this market? It has to reduce staff, PERIOD. Otherwise it will go tits-up.....then everyone loses. Get out of your self-pity mode and think for a minute- at least this way the remaining employee families will be taken care of instead of everyone being in the bread line. Not making large staff reductions now means we all lose later.
There is no good way to RIF folks, someone always gets hurt. But there are bad ways to do it...
.
.
Bunch of insecure excel sheet managers who just save their assess, some of them insecure of employees' progress.