This is over the cliff you all and will not stop for many quarters. The market changes are structural and beyond anyone's control.
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Well there it is the head guys are making billions while the underlings who lied for the head guys are getting laid off
Yes WFT is restructuring, yes they are reorganizing, yes there is solar, Hybrid batteries, fracking and the list goes on.
YES THE COMPANY HAS BEEN MISS MANAGED, PAID FINES, AND YES GOOD HARD WORKING PEOPLE HAVE BEEN LAID OFF, WHILE A LOT OF TRASH STILL SITS IN OFFICES AND NO NOTHING HAS BEEN DONE ABOUT THEM!
No company?
http://fuelfix.com/blog/2015/01/15/schlumberger-to-cut-9000-employees/
http://fuelfix.com/blog/2015/01/20/baker-hughes-profit-rises-in-fourth-quarter/
Will they shut down labs in Golden? and consolidate in Houston.I was told back in 2010 by senior lab management folks that it was a possibility
So true. It will get worse before it gets better. I see many more layoffs coming. You are right it takes time to layoff 8000 plus employees. It is really slow and slowing down more everyday.
Been telling folks for months, to start looking else where...this was going to be deep and wide...a restructure, re-organization and relocation for some elements...
Yes, you are right. Things are changing, the world is different, technology is changing. Hybrids, batteries, wind, solar, drones. Fracking made an impact, now fracking must be further improved or what's the point. On a mass scale all those improvements add up. Time to move on boys. My 2 cents worth.