Stock below 20$ a share. Where is the bottom? It will bottom at 15 a share, & 25% cut in employees!!!!
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Don’t know the percent total, but they are going to happen unless something drastic happens!
20-25 % reduction of staff should be helpful
Layoffs start in earnest this week, into next week. They don’t want to pay a holiday to people who won’t be there.
NOV won’t cut as many from corporate as they need, they will cut from the bottom. This will leave the company even more top heavy. This company is more like the government, common sense is not used often,
Wow you should get a job as a futures analyst. NOV have already dropped staff by 50% from 63000 in 2014, sitting at just over
30000 today so you are suggesting another 7,500 staff should be terminated ?
I will agree NOV is extremely too heavy poised for a market that may never come back or may not come back for several years.
Time for a new CEO - Napoleon has had his chance and while you are at it get rid of President Rat features with the Mission
That’s 25% in 3 weeks, billions of dollars lost! This is looking really bad, good luck to everybody. We are going to need it!!!!!!!!!!