Q4 Purge coming. Have to squeeze every last drop of margin out of the reduced revenues to meet IBT targets. Expect ramp up of layoffs as our internal focus to perform ignores the clients.
9 replies (most recent on top)
F**king copycat
9 days ago by Anonymous | Post ID: @PKPEacH-onx
Sorry to hear that friend and I hope that you do find something. I have gone through this experience twice in my career and know what stress it generates. I like how in the US they will do it to you just before Christmas. Hell !!!
O&G Industry is a roller coaster directly tied to the price of oil. Hence one needs to always monitor this parameter and be able to extrapolate a year ahead.
Being able to transform anything requires knowing what to change, where to start, a clear goal what to have at the end, and the particular technical skill set.
Using internal brown nosers through nepotism without budget, biz plan, or clear skill will lead to only one thing... Big Purge
What's funny is you think "too 5 consulting firms" lends any credibility or have any values.
There is only one way to survive in this company. Keep sucking up your manager's a-- till your tongue wears out and acting like you're damn busy.
Only a slight increase in interest rates will put even more pressure on debt, reduce cash flow, and offset potential investors to simple short term cash.
25% of revenue coming from integrated projects in defaulting countries puts even more risk into the equation while the company still preserves its luxury of massive in-house MfG plants, multiple, non-value adding HQ's, endless chains of completely useless unqualified managers, VP's and directors. What does a global personnel director for MFG do in the Netherlands of all places. There are over 1,000 employed transformation gurus, yet none of them have real practical experience in any of the top five consulting firms. Forget about IT.
This company is a bad investment and unfavorable for anybody considering employment. But I'm sure their c-suite is fully aware of that but have very limited control. One can only imagine the conspiracies and mob power battles that cause their presidents being terminated.
Poor image...
If you are above 35 forget coming back to oil.
All hirings are for juniors.
Everywhere is hiring in land
I was in middle of client work and I pulled off and laid off.
My work given to 3 of my ex colleuges, at least that is what I am told.
Now, my wife and I haven't eaten proper meal for a year, this is becoming wish list.
I would really don't want to see layoff happens to anyone.