All of a sudden SLB is saying there is a hiring freeze. Many suspect layoffs are next. Has anyone heard of this coming soon?
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Loads of stock gathering dust in warehouses as a result of massive over-production last year. SLB put everything and the cat on massive expansion in Saudi. This will now not happen especially as the world's appetite for oil is diminishing (why the geniuses at SLB never saw this coming is a business error of epic proportions .
SLB are singularly useless at economic forecasting and has too many vanity 'projects' which are going nowhere. The amount of management staff overlapping on every level is eye-watering coupled with far too many levels of management resulting with everyone scared witless of making business decisions - no decision = no blame.
There are far too many manufacturing plants and they need to be consolidated world-wide. I know that some plants have done Jack since Christmas with little on the horizon.
If I was a new hire or on work trial I would be very worried.
Risk of redundancy letters issued in UK this week impacting whole teams. Seems this thread had worked it out last year. We never saw it coming
There will be significant layoffs in all lines of business.
They're being sued with a trial starting on July 17. This explains their bs and gonna get worse. Some r sayin theyre talkin about cutting into pip. Hogwash
Something doesn't seem right. But yes I believe they are doing a silent layoff
20% structural headcount reduction by end of H1
Multiple layoffs in the last week in the US.
If layoffs in US, they will occur this week, not week of July 4.
The bean-counters will not want to pay for July 4 holiday.
I know for a fact that massive layoffs are scheduled for the first week of July.
We have been very quite for months but management keep telling us that we are breaking records every month,. I smell bull5h1t.
If slb says it, then you know it must be true. And, they're usually the first in the industry to start hiring and firing on a whim