Thread regarding StatoilHydro ASA layoffs

Statoil Layoffs 2018

I never thought that we'll see this but we might have layoffs here in Stavanger.

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Maybe it's because management has been spending all its time on a corporate rebranding and name change rather than sorting out the fundamentals of its business...and business model. Statoil have been singularly unsuccessful outside of its backyard. Terrific for the people of norway that oil was found in norwegian waters a half century ago, but reflect on how much larger the sovereign wealth fund would be today if the salaries for 50,000 underperforming staffers weren't paid in each of those years!

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