Thread regarding Baker Hughes layoffs

GE's quick exit from Baker Hughes stake a terrible few year for BH the once great company. Liz Hampton Thur,28th,June,2018

The company is in a total mess.

Shares down over 20% on merger

Down 170 million on projected profits for the year

70 million down last quarter

BH lost 10 of there top mangers with over 160 years BH experince replaced by GE management who will now exit.

Paid off 60% of worldwide staff.

Pensions cut by 40%

Pay cuts

The list gose on and on for this once great company.

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Post ID: @OP+TUNNpmE

15 replies (most recent on top)

No one want to buy thies piece of shxx so best thing is give BH to Chinese and they mak money by cost cut ok joe

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Post ID: @1tak+TUNNpmE

BHGE will never be profitable.

Expect more reoccurring non-reoccurring items to write off each quarter. Expect bhge to borrow money to repurchase shares from GE when no buyers are found for this money losing company.

BHI employees have 4 years straight of restructuring with more cost reduction in 50-50-50 plan.

Expect higher health care premiums, no retirement benefits and corporate indebtedness

Management is proficient at buzzword bingo but has no substance because they have only protons in their nucleus which has caused the bhge atom to become unstable.

Expect a mass exodus as employees seek other opportunities within and outside the oilfield.

We are doomed!

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Post ID: @1fba+TUNNpmE

Lyin Liz and her Fake News strikes again. She gets paid by Schlumberger to spread her lies

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Post ID: @cab+TUNNpmE

Stoneywood wil lose the contract as usual. Dinnae ken far ther doin.

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Post ID: @kje+TUNNpmE

Baker profits predicted to triple by end of the year in back of Exxon contract win

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Post ID: @lyf+TUNNpmE

Winning a contract which loses money. Great job!

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Post ID: @otv+TUNNpmE

hahaha Liz “Lyin” Hampton what a joke

If you believe what she writes you are living in fantasy gaga land

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Post ID: @qzm+TUNNpmE

Can see why the share price has halved. Hey keep shooting yourself in the foot you morons 😂😂

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Post ID: @wxt+TUNNpmE

Lies everwhere. Ge right to sell this piece of shxx.

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Post ID: @bwo+TUNNpmE

More lies from this joke company as usual. Just make up the numbers to make it look better then it is ye ken.

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Post ID: @pix+TUNNpmE

Losing 600 Wells is OK when you win another 2000 in new contracts so who cares? Baker is marching on and great time to buy the stock.

Don’t miss an excellent value opportunity

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Post ID: @zja+TUNNpmE

Losing 600 wells is an example of stupidity in this company and stoneywood. That’s £600m - £1.2 billion lost revenue. Bunch of uneducated morons in this mess. Poor management dragging us down the shxxhole.

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Post ID: @nif+TUNNpmE

The facts speak for them selfs no company is doing well losing 70 million in 4 months.

Losing 40% In value.

Paying of 60% of there staff.

Yes sure winning a few contracts that will fix it.

Another BH Muppet with no idea.

Worst thing GE did was but into this joke of a company. Bye bye

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Post ID: @xbl+TUNNpmE

Article is correct. BHGE always try to paint a rosy picture but the reality is it is heading over the cliff. Pensions are down 40% since merger no way that’ll improve. Shares down 38% in 1 yr. what a freaking mess. Losing work all over the place thru bad management decisions and incompetence.

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Post ID: @iuf+TUNNpmE

Fake News

Liz Hampton was fired by Baker when GE took over and still hasn’t found another job so writing all this fake news about the company

She needs to get a life because Baker is actually dong very well wining lots of new contracts

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Post ID: @fkh+TUNNpmE

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