Analyzing the situation and climate of our industry suggest that indeed there are signs pointing towards more reduction before the summer ends.
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He's right. Enlightened one. Multiple industries over 15 years. Sounds like you don't stick around long enough or you get fired. With your attitude I bet you get let go quick. Grow and adapt sounds like your lazy so you grow fat and adapt is that your a backstabbing sneak.
The enlightened one learn to adapt and grow but can't teach his grandpa how to use a smartphone. What a greedy concieted self centered selfish ignorant self entitled egotistical elitist. When the emp boms hit. You'll try to figure how to rub sticks to start a fire without YouTube. Run to gramps. He might enlighten you.
NOV is bad karma on the head office and managerial level, for what they are doing to competent workers in order to keep incompetent (but connected) supervisors, managers, etc. The Varco crew inherited a smooth-running ship, and they turned themselves into a wrecking crew. At least the previous couple CEO's knew what they are doing. Clay Williams is a disgrace. Instead of taking home millions each year, he should be unemployed. He is clearly not a leader, alas, they got their way into the trough, and even if everyone loses their jobs, they'll still be fine.
No... your statement is wrong. There is no substitute for APPLICABLE experience and the truth is that these old hats experience isn't as applicable as they used to be. "Throwing tongs" is a thing of the past. Sophisticated control systems the way of the future. My grandpa can't use a smart phone - what makes you think he can run a modern drilling rig with a control system.
Keep tell yourself experience matters... whatever makes your grumpy self feel better.
For the record, I am not a recent graduate. I've got over 15 years of professional experience in multiple industries. I've learned to adapt and grow. Those in the oil & gas industry seem to think they don't have to. They'll learn.
Experience. There is no substitute.
All the education in the world is no match for experience. Books can only take you so far. The real world will devour you and spit you out crying and running for mama.
The enlightened one must have just graduated. Thinks he knows everything. After 30 years he'll look back and realize what a failure he is. Making mistakes after mistakes. Wonder if the idiot even has a job or got fired for making stupid mistakes. Learn boy from your elders. We still run the show.
5 employees or one manager. Whoever made that statement doesn't understand NOV management. They believe they can get rid of all employees, and by keeping their knowledgeable, forward thinking management team they can rebuild NOV into an even stronger, Sears style of business. Oh, wait a moment, Sears is going out of business. Never mind.
Your comment is predicated on the fact that management knows what they're doing. Most of them do not. Most of them are the "good ole boys" who "grew up in the patch," and couldn't manage their way out of a paper bag. They don't know how to manage assets (people or property), develop people, or plan for the future. It's sad really. They just learned the same knee jerk management style of those that came before them.
A lot of idiots claim experience reigns supreme and that their 30 years of experience throwing tongs is more important than the ability to do simple math. At some point the old farts are going to learn that the oilfield isn't the same as it used to be and that their experience, while extensive, has little application in today's world. It's akin to taking a doctor from the American Revolution and throwing him into a hospital today. Yeah, they both treated injuries, but those "newbies" of today know a lot more than those old hats of the days before.
Cost is much more relevant than number of people. If 10% is a number than it will likely be total cost or payroll cost. So you can lay off quantity 5 $60,000 employees or one manager being grossly overpaid at $300,000. NOV hasn't been very effective at the latter it would seem.
I heard about this late last week. I'm not sure if it's 10% of total headcount, 10% of the headcount cost, or 10% of total cost, but the 10% is a real number. While there are signs of it stabilizing, there's no indication it'll ever go back to what it was. Everyone is starting to this is the new normal.
10 % cuts till end of 2017
We don't have to worry in Pampa, we are NOV's crown jewel.
What a genius this guy is. Being able to state the obvious about the industry is truly impressive. Go back to work Junior maybe you will be one of those reduced.
Analyzing your post makes me bored