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Layoffs are announced during earnings to explain to shareholders how the CEO will make profit on disappointing revenue. If he doesn't lay off people then the shareholders get a new CEO. This is the way it has always worked in oilfield services. People are the major cost and oilfield services companies have no assets unlike oil companies.
what happen to vp
Started in the Field after College working Thailand, Aberdeen and Gulf then made my way to a "pencil pusher" where I see the testing and development of tools first hand. The fact that you know how to download and read a tool and use these 'backdoors' does not mean you know how a tool actual works. Hence the 'ignorance' comment.
" Sperry always has layoffs every year. They are always loosing money."
"They are ALWAYS loosing (losing) money", which is undoubtedly why Halliburton could NOT, repeat, NOT, find a buyer for Sperry, AFTER Uncle Dave bungled the BH buyout, and during the the 2014-2015 downturn.
" The numbers are in, they can't change" YOU wish, YOU seem to forget that Jeff (and his mentor, Uncle Dave) were both products of Arthur Anderson, and are quite well versed in the use of ENRON accounting practices.
I wonder what a thorough SEC investigation would find under the rug, and in the bottom of Jeff's desk drawers?
Ok smart A–. Halliburton wireline tools agree with other MWD from other companies. I have had the company man coming to us several times p-ss-d off complaining that our MWD tools are the only ones that do not agree with other data even with our own wireline tools. This is why the geniuses at Sperry software decided to put back doors in the software so that we can "adjust" the data. Sperry has a terrible policy of doing poor testing on their tools. You must be one of those pencil pushers who never goes to the field.
Don't think you realize how ignorant your comment is. If you knew how the tools actually worked then you would realize the reason why tools build by one company don't match those from another. Or why wireline measurement differ from MWD.
Yes, the numbers cant change. Just like Sperry software tool data cant change. Whenever the tool data does not agree with other similar tools from other companies the engineer can "massage" the data a little bit so that the data matches. I have been told to do that on many jobs even though its cheating. This is why I think Sperry is the worst PSL in Halliburton. Lay offs? Sperry always has layoffs every year. They are always loosing money.
What does having the earning report have anything to do with layoffs? The numbers are in, they can't change. They are just publicly being announced. Now layoffs before the quarter ends would make sense. Some of guys are just to trigger happy to type "im thinking layoffs".
Q4 earnings report coming soon. I would not be surprised if Sperry has some lay offs.