Thread regarding Oceaneering International Inc. layoffs

Oil prices

This is so Crazy.
Oil prices are at an all time low.
There's no way they are not going to lay off.

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| 2587 views | | 14 replies (last April 12, 2020)
Post ID: @OP+146Jd2a3

14 replies (most recent on top)

Laughable over inflated assets. Offshore vessels,ROV's, Dive Systems have about zip in real value in today's market

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Post ID: @lrgs+146Jd2a3

Rod, stop playing games, go back to what made Oceaneering money!

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Post ID: @kxvy+146Jd2a3

Go figure, even with all these layoffs, people are looking to pull rip cords left and right! GTFO while you can. If you can! That place is on a kamikazee mission for the depths of hell!

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Post ID: @gusw+146Jd2a3

A $300 million dollar company with a $10 billion dollar Corporate infrastructure, that would be a good place to start. Get rid off all the SVP’s in Houston sitting on there Corporate thrones, competing for there share of worthless stock options, and let the Regional VP’s manage their business. At the very least it would be interesting to see if they could, and there would be no one to blame but themselves.

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Post ID: @anaj+146Jd2a3

So true but they can still manage to hire two new SVP’s to join the Company.

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Post ID: @asoq+146Jd2a3

It will be a close call the longer this goes on, but one thing for sure is there are many more job losses to come but I cannot honestly see where those jobs can be cut. I never thought I would see a once strong company in our business sector become so weak with no direction whatsoever. Our Management is weak and there is no growth strategy at all.

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Post ID: @abuy+146Jd2a3

Time to start playing a funeral dirge for OII.

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Post ID: @8hww+146Jd2a3

10 years at Chesapeake VA and never seen such a sickening place to work so I’m getting out. The pay and overtime was great if a person didn’t mind to have nothing in their life besides work. Also so much for their motto 1 Oceaneering, yeah right all BS.

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Post ID: @6jnl+146Jd2a3

Assuming that this is over by the end of the 2nd quarter, the company will survive, but all bets are off after that.

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Post ID: @4bbv+146Jd2a3

Every single oil company with more than 50 employees will be doing layoffs. Those that dont will be struggling to last the year.

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Post ID: @pmm+146Jd2a3

Crazy times. At $3 a share, and a much lower market cap it will be interesting to see how they keep the doors open.

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Post ID: @zqe+146Jd2a3

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