NOV has long been Top Heavy. Huge Salaries paid to Managers along with Bonuses. Why don't they look at reducing this group instead of laying off the Employees that actually build the Product. These are the ones that need their jobs to provide for their Families. This is sad to see what is taking place with this Company. NOV was once the place to be but that has changed now. Lot of bad decisions are being made by people who have no business making decisions that will affect the future of NOV. They are only looking out for themselves and do not care about anyone else. There is a post on here where someone is asking about Bonuses. Unbelievable. People are losing their jobs and will be unable to support their Family and they are more concerned about their Bonus.
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Bonuses, pay freezes, hiring freezes and overtime should be the first things cut, in a business that is run with morals. Unfortunately a large percentage of companies are run with the "me first" mentality.
What gets me and has always bothered me is that although a company will cut back spending, layoff good experienced employees..
The corporate people pay out bonuses down to managers, supervisors who are still around. My ex wife, HR Manager still recieved her 10k bonus after the company, not NOV, layed off 100 employees.. At the management meetings, all i heard was, we need to stop the bleeding.. Yet, they congratulated themselves with bonuses.. I told my wife at the time, congratulations, i think you should call all those folks you guys put on the street and let them know about your good fortune and see what they say.
Regardless of cutting, management will never cut their own pay, they still make sure that they recieve, plus their management buddies all recieve that bonus..
I am not for or against the company but you do realize that this has been happening in the corporate world long before you came along and long after you leave, right? It is strictly business, no company has the obligation to keep you employed when revenue is falling (unless you are part of a union). Most business rely on managers to keep the business afloat during slow time. Particular to NOV, there are hardly any new orders going out so why stock the production floor with employees that will have nothing to do? I too had a few incompetent supervisors but I also had some stellar ones as well. It is the nature of the business and shit slips through the cracks often. How do you deal with it? Making statements that this company will crash and burn? You are also the same people who would go running back if the phone rang and they offered you your old position back. It's just a job my friends and it's just business. Every company is doing it and has done it before and I don't see them filing for bankruptcy either. 9 out of 10 people who were laid off out of the industry are gluttons for punishment and will go back into oil & gas. Do I agree that some management has inflated salaries? No. Do I agree with the laying off personnel who at this stage of the game are redundant? Unfortunately, yes. When I was running my own business and my industry took a downturn for a year or so I couldn't afford to keep my staff fully employed. That wouldn't allow me to keep the business open to earn what revenue I could to pay my own salary or half of the employees. So you make the tough decision, for business purposes, to cut personnel for the health of the company. Does this make me a bad person? I'd like to think not. Does an industry downturn and receding revenue make me a bad manager? No. I am sure those people hated me for a while and said "your business will fail" or "ugh, he was so incompetent", or what have you. I get it, being unemployed sucks. But in the end here I sit, unemployed myself from NOV. While I have a viable fallback (my business), I value my time spent honing a different career path in oil & gas. To each his own I guess. I find it best not to burn bridges, because that bridge may be your only way out at some point.
In some alternate universes morons rule. That is the universe NOV belongs on....incompetent morons running what was a good company into the ground without thought and consideration being giving to the actual doers and thinkers. Who wants to bow down to incompetent managers who succeed based on their yes attitude. Ethics, education, competence, skill....they do not matter. Find a clique and become a member!!! And people thought mean girls were bad. Corporate is the mean girl society!!!! Smile, say yes and flash your pearly whites....you will have a job forever. What a joke!!!!
Absolutely agree. NOV has to many chiefs who are making extremely bad decisions. If you don't have a mind of your own, you'll bow down and serve these incompetent managers. You better be a part of their ally in their quest to continue to destroy the company or take a risk and challenge your manager and eventually end up without a job. It wasn't like that before. It is very prevalent now. Unfortunately this company will eventually crash and burn. Consequences for putting morons into management positions when they have no business in those positions.