With the recent stock price, anybody has a better idea on how to regain trust from wallstreet? Is layoff the only way? The rumors has been crystal clear in the last few weeks and that is not in one GM only
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It is a real sad state of affairs where locations begging for resources to cover the work. Missing jobs all be cause the pricing we entered is not viable to send them anything.....
SQ will crater in the coming years because SLB transformation is to run the company into the the ground or die.
Then the competitiors just copy us...........
I am laid off today, finally it comes to the point where the so called rumours is coming to reality, hold on and good luck to all, it has been wonderful and rewarding for me and family, time to look job in other industries, this oil thing is so depressing
2bko, that math somehow makes SLB feel good. The fattest run service company in the world.
As a manager I for sure know more than half of my team of 15 did now and will not participate in any revenue making activities.
We must lay off lots of non workers to make the business profitable.
Only one layoff is needed to turn around the stock price.
Hopefully it will be executed after thanksgiving, so some foods still can be served, or after christmas, so family member can still get their present
No doubt, everything go as plan. New hire or rehire last 2 year will be the target.
Slb promise 22.9% rev/share by 2020.
Good luck all, bulldozer style layoff for next 2 years.
...yet still they have staff on overtime producing stock for storage.....real good cost control.
More job cuts at SHTC STONEHOUSE expected soon.
We have people with 80k salaries doing same job with higher quality that 300k salaries people are doing.
This is slb situation untill these 300k salaries are on payroll.