Thread regarding Oceaneering International Inc. layoffs

Another ‘great’ quarter

Well done Rod & Co......2nd quarter results $35m loss & the stock price dropped 19% in just one day!!!

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Post ID: @OP+10eIOZ76

12 replies (most recent on top)

The road to hell is paved with good intentions! If what your doing isn’t working try something else!!!

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Post ID: @1Twzv+10eIOZ76

You got that right !!!!!!!

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Post ID: @1Lidv+10eIOZ76

Biggest mistake ever was giving Kevin Mc the CEO position, the best CEO we never had was Marvin M, because he wouldn’t have hired the current CEO.......that’s why we are in this mess!!

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Post ID: @1Ejbm+10eIOZ76

Time will tell. All I know is, every time I see another post announcing a new director or vice president, I die a little more inside. Especially when I’m told that we can’t hire any more people in my department because we don’t have the money in the budget. We need bodies, not managers. This place is a joke.

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Post ID: @1Dvcv+10eIOZ76

The Company is moving in the right direction??? Are you on the same planet as the rest of us? It will never move forward with the current management, the only hope is the COO but he requires the backing from the Chairman of the Board

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Post ID: @1Cbis+10eIOZ76

The company is moving in the right direction and has a plan to improve the business. It will take everyone working together to make the needed changes to fix the company.

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Post ID: @1Bakg+10eIOZ76

Third quarter results......another loss of $30m for OI. Well done Rod!!!!!

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Post ID: @1zfua+10eIOZ76

I think the CEO and COO are doing a great job with the company. Our numbers aren't great, sure, but changes like this take time. There's a lot going on right now to get us on the right track, and it isn't going to happen overnight. It's easy to be cynical, but I trust that we all want Oceaneering to be profitable, and we're all working with the best of intentions. I'm eager to see how it plays out.

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Post ID: @1spyp+10eIOZ76

Stock price down to $11.59, well done RL!!

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Post ID: @ksjv+10eIOZ76

Because we have extremely poor senior management......fact!!!
All the decent VP/Managers either quit or got paid off.

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Post ID: @bswf+10eIOZ76

Don't hold your breath on the CEO quitting or the management getting cut. It is really sad to see the company in such a dismal state. Oceaneering used to be such a force in the subsea industry, it seems they have cut their legs out from under themselves.

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Post ID: @8gaf+10eIOZ76

Least the British Gas CEO has done the decent thing and quit when their financial results (losses) were published.

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Post ID: @4vjs+10eIOZ76

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