Time to pucker up. Brace yourself for losses to be reported. Big Oil is making billions of dollars. NOV is losing money. How long can this go in?
Losing orders
Gotta love the tower salespeople. Letting orders slip right from under them LOL. When you have a self-proclaimed 'extensive experienced' Segway Rider in the areas of latin America, when your technical sales/support guy is an arrogant know it all and... — read more
Green Dragon going down!!
The Green Dragon is in a world of hurt. SMT trying to squeeze every nickel they can get from this group. Old, outdated equipment and overpriced coatings driving this place down quick. I predict 50% less employees here by this time next year.
"No one left to cut" argument
I've been hearing a lot of rumors about layoffs lately. It is not a good idea to worry much in advance, but I do not believe that a lot of people leaving is a reliable sign that there is no need for cuts, ie that there will be none simply because... — read more
Houston
Anyone at any Houston locations ever look into organizing local Union or would anyone be interested. I think that is exactly what NOV needs to force them to pull their head out of their ( l ) . The local union has been contacted by more than one... — read more
How much Raise is reasonable?
Looking at the inflation + NOV loss + People leaving + other factors… How many %raise is reasonable? How many % raise will make you stay at NOV for another year?
Bammel STILL dropping like flys.
2 more left in the past week, and more leaving. Most departments are already running on skeleton crews and borrowing techs from service and other facilities. What gives. Senior management wont allow us to pay our guys more. Its only a matter of time... — read more
I don't know how long this can last
I haven't had anything to do in months now. I was trying to find a new job, but so far I haven't found anything that would suit me. I am very worried that I will be cut, although some people feel that there is no need for cuts since many are leaving... — read more
Labor Shortage?
Everywhere in the news people are whining about the labor shortage. Does NOV also have a labor shortage issue?
The Great Resignation
Anyone hanging around here waiting to see if we get a bonus before jumping ship next month? Have a feeling people will be leaving in droves
Kronos
Any other locations affected by kronos being down? Our have been short hours since December!
Another losing quarter and more layoffs
That is my prediction. Earnings announced 2/3.
What would real leaders do?
I am disappointed with the decisions made by our leadership and the direction this company is heading. I no longer consider them true leaders because I do not see that they are overly interested in the future of NOV and the employees of this company... — read more
To leave O&G or just this company?
I have always wanted to work in this industry. Now I am in a dilemma whether to leave the industry or just this company? I would also like to hear the experiences of those who left O&G.
NOV = Not employee friendly
NOV is middle\upper management heavy & keep adding positions all the while lower management get more responsibilities & no raises when people leave. Finally getting 401k match back and little lump sum (2% of 4th quarter salary = .5% for the year... — read more
All those poor decisions
I recently thought about all the poor decisions that have brought the company into the state it is in now. Purely out of curiosity, what would you say were the worst decisions?
ICP Bonus News ? Anyone
Does anyone know if there will be an ICP bonus payout next month for 2021? Any percentage? I’ve heard they might give some really low BS percent like last year just to prevent some people from leaving. Last year was something around 10% of your... — read more
Severance pay policy over the years
I haven’t been here long but still, the atmosphere is so tense that I think I could very easily be the target of some future layoffs. I’m also a little worried that it might happen soon, but that’s just my feeling, I don’t have any information nor... — read more
Tuboscope and its place in NOV
As a Tubo employee, I have always felt that we are the black sheep of the company. We do inspections for other business groups within the wellbore group. To myself, it feels like some of the more senior employees (especially DHT) see us as the... — read more
The need for new management
Most agree that new management is needed. I wonder, hypothetically speaking, what could the new management change for the better? From this perspective, it seems to me that the situation at NOV is irreparable. Years of bad decisions and bad... — read more
Closeout Tuesday
Final monthly closeout of 2021 on Tuesday. What’s everyone expecting? Got to be another loss
NOV earnings reported 2/3/2022
Analysts expect yet another losing quarter. Will things ever turn around for NOV?
NOV Portable Power - Larose
worthless POS.
Those who want to get laid off
It is only a matter of time before the layoffs happen. I have a few colleagues who openly say they can’t wait to be paid to leave. Isn't it better to choose when to leave the company than for the NOV to decide that for you? I don't know, I hope to... — read more
Career growth
I am thinking of leaving because no matter how hard I try, it is simply impossible for me to make any career progress here. I would like to ask how you managed to grow your career here?
NOV’s losses will worsen & layoffs will continue
Omicron is worse than many had feared. NOV will get slammed.
Toxic company
Everything about this place is toxic, no exceptions. There's a reason why people are tripping over each other to leave. If you're not looking for a way to leave NOV, you're in the minority.
Contact layoff.com ?
Trying to contact with valuable info but can’t email - tried contact@layoff.com but not recognised - can anyone assist please with the correct email address for layoff?
Year End thoughts
As we quickly approach the new year there are two things to consider or ponder for 2022. First, why are the shareholders and/or board members still putting up with this colossal failure of a leadership team causing this company to further dig its... — read more
Bye bammel
2 more guys left monday good for them. When is mgmt. Goin to realize they leaving due to lack of raises for the past 7 years
Should I seek employment with NOV?
From what I am reading, the cons far outweigh the pros. What is your opinion?
Former CEO P
I copied and pasted because of truth! The former CEO P started this whole demise! He left this management team in charge prior to him leaving. He turned his back on the people that worked hard for him and he put these Varco guys in charge. Then he... — read more
Dr-g testing
Must need to lay more people off as the Tower has dr-g testing today. Wasting the companies money as usual.
$67 oil
Layoffs on the horizon?
180-degree turn from the oil field
Since I would very much like to do that, because not only do I no longer want to work at NOV but I no longer want such a volatile and unstable job, I am interested in the experiences of those who have successfully changed careers. For now, main... — read more
Ups and downs
Yes, this is generally an industry with many ups and downs. I like the optimism of those who think that the company will keep going just like it has for the last 50+ years, but my opinion is that more downs and less ups await us in NOV?
Happy Thanksgiving!!
Enjoy those pies
Demise of NOV
There has been the free fall of NOV for almost 10 yrs now. This company is way past the point of no return. The only thing I can think of is that they, “corporate folks”, are just bleeding what they can take for the next boat payment or next... — read more