Thread regarding Smith International Inc. layoffs

Smith International = another company SLB slaughtered, had all its free cash flow, and laid off thousands of knowledgeable people.

Will it survive?

by
| 2341 views | | 2 replies (last )
Post ID: @OP+HHXj7Sr

2 replies (most recent on top)

They buy a company and then steal all the profits for pointless dividend payouts. Every dollar paid on in dividends is 1 dollar less for the company to use for investments.

by
|
Post ID: @dVtee+HHXj7Sr

Because it is now running under an idiot old-cranky Turkish who likes Egyptians kiss-assers... :-)

Smith is now completely Indian-neering (cheap, no field experience, fast mouth)

Revenue-wise, Smith pulls in less than 1% of total revenue for SLB and is a kiddy-training-ground for the "hi-pot" (females, Arabs, etc) on their way up...

by
|
Post ID: @Akio+HHXj7Sr

Post a reply

: