NOV tops the list of America's job killing companies

The top job cutter so far in 2016 is National Oilwell Varco, a big supplier of equipment used in oil and natural gas drilling. The company is headquartered in Houston and has announced 17,850 layoffs.

Here are the year’s top 10:

National Oilwell Varco: 17,850 jobs cuts. Reason: Low oil prices 2. Walmart: 16,000. Reason: Store closings 3. Schlumberger: 12,500. Reason: Low oil prices 4. Intel: 12,000. Reason: Restructuring 5. Halliburton: 10,200. Reason: Low oil prices 6. Dell: 10,000. Reason: Restructuring 7. Chevron: 7,500. Reason: Low oil prices 8. Buffetts LLC (owns restaurants): 6,000. Reason: Bankruptcy 9. Devon Energy: 6,000. Reason: Low oil prices 10. DuPont: 6,000. Reason: Merger with Dow Chemical

http://whotv.com/2016/05/15/americas-top-10-job-killing-companies/

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And still another 10,000 to 15,000 more layoffs to come by this time next year. Big chunk coming from June to October of this year. Ouch more pain!!!!! The well has run dry on orders. Dividend was cut to shareholders because NOV will run out of cash in 18 months. They have to keep cutting cost as fast as they can.

N.O.V. is no. 1 at one other thing terrible management, from the top down.

"aggressively managing cost" , as Mr Clay Wiiliams told investors in Q1.

Nothing to see here.

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NOV tops the list of America's job killing companies

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