Thread regarding Baker Hughes layoffs

We are doomed!

BHGE will never be profitable.

Expect more reoccurring non-reoccurring items to write off each quarter. Expect bhge to borrow money to repurchase shares from GE when no buyers are found for this money losing company.

BHI employees have 4 years straight of restructuring with more cost reduction in 50-50-50 plan.

Expect higher health care premiums, no retirement benefits and corporate indebtedness

Management is proficient at buzzword bingo but has no substance because they have only protons in their nucleus which has caused the bhge atom to become unstable.

Expect a mass exodus as employees seek other opportunities within and outside the oilfield.

We are doomed!

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| 2011 views | | 6 replies (last July 8, 2018) | Reply
Post ID: @OP+TYRz5kh

6 replies (most recent on top)

I will say this as an outsider in NJ , this company is hopeless . I have held BHGE stock and it is garbage . I am being b--ch slapped for holding this stuff. I go to Houston at least once a month and visit with many companies , Everyone kind of laughs at BHGE . Now I am hearing BHGE wrote off material and also claimed this as a profit . if this is true the feds are going to bust your a-- . What is going on down there in Houston ?

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Post ID: @5dsx+TYRz5kh

Merger has been a disaster becuz of bad management. People don’t know what there doing an losing revenue. What a mess.

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Post ID: @zlr+TYRz5kh

Co co and the Betty will save us

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Post ID: @thi+TYRz5kh

I'm at BHGE Jacksonville, Fl. Safety valves. They let people go yesterday. Not sure how many. Based on how poorly this plant has run, I don't expect to be here much longer. We've lost a lot of people . Losing customers. Such a huge disappointment. No accountability, no proper training, low wages, and poor hr. I expect to be sold off.

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Post ID: @stc+TYRz5kh

Harvard business review calls this merger a disaster. Must have been reading my posts for tips.

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Post ID: @fhz+TYRz5kh

after so much positive outlook, this makes me sad, a sad sad panda.

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Post ID: @sdr+TYRz5kh

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