7 managers per product line, 1 line managers, then supervisors. All is left are a couple of blue collar employees feeding them, plus the fat center manager with his expensive hobbies.
Blue collar goes out first until these managers eat it all.
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Agree 100%, a d it is coming zoon.
The boom years caused the whole industry to become bloated with ridiculously overpaid countless Chiefs, their fiefdoms & stupidly ambitious nonsensical plans. Schlumberger needs to lead here and make a 50% cut in exec pay and 50% cut in management layers and 50% cut in all the non value add. It is high time the management team gets back to a sensible size. Schlumberger can do it. This would also restore faith & confidence in the bottom layers who have been mostly targeted, so far.
Being part of that 50% club may be the best thing coming. The 65k that are left means 60k VP's &Presidents and transformation team telling 5k of field workers their job is easier now and they should thank them.
Where did you get that 3 were let go in rebuild..
Rankin campus @ rebuild building, 3 was let go. Any where else?
Fracing group is the only stable segment. Forecast show stormy weather for the rest of the area.
They are NEVER done with certain departments, if they can figure out away to save even one more penny they wil do it. Good luck.
What departments and locations will this effect?... I thought they were done with certain departments..
Friday seems to be the cut day of choice. Always before lunch. We hear 60-65k by end of 2016.
I would think a 25 % reduction would affect all segments including SSO and OFS
Bartlesville is going to be down sized a bunch! To many whip dicks.
What locations and Departments?
Sat in a segment president's townhall "head count will be 50% of 2014 levels". 65,000 is the magic number. Hearing they want this by end of Q2. So much for "we think we're sized appropriate for this downturn"