Thread regarding Schlumberger Ltd. layoffs

SLB .......

It’s a company with a prestigious past. Today it’s a beast eating itself.

Way too much process- not enough individualism and innovation.

Let’s see what happens?

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| 2141 views | | 5 replies (last June 4, 2019) | Reply
Post ID: @OP+Znp5e1d

5 replies (most recent on top)

They can't replace people with fresh grads, the guys getting degrees now realize that businesses like this are dinosaurs with little or no real prospects for the future.

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Post ID: @1yts+Znp5e1d

The last post summarised my thoughts perfectly and much better than I could have put it.

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Post ID: @sau+Znp5e1d

The problem with the company is that Schlumberger has never developed anything from scratch, instead relying on buying in technology or companies then singularly failing to evolve the technology or even beginning understand it and then dumping key staff who had the experience. From what I hear in the UK their foray into rechargeable cells is a classic example and Elon Musk they ain't.

Their 'managers' and I use that term loosely, are jack5hit scared of doing anything in case they lose their PIPs or even their jobs, so there is little forward thinking, positive feedback implementation or innovation there. Any firm that has to get an outside company to poll their staff about the 'Schlumberger Family' has made a very unwise choice in supervisors or managers as does a company which keeps creating buzz words and hiring staff to make sure the charts from these buzzwords are filled in.

Your highly paid managers should be already organising things so you do not need "transformation", 'blue shift', 5S, and all the rest of the modern c-ap. You should be expecting managers to be employed to do this especially at the ridiculous salaries/compensation they get.

I would bet that Schlumbergers'charge into the digital era ( 4/5 years too late as the ship has already left port) will be a disaster of Titanic proportions. The computer system they currently have are not up to much and are over-complicated.

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Post ID: @vmt+Znp5e1d

It's not a company. It's a collection of complete losers who are still high off the bubble years lining their pockets with anything they can get away with.

Anybody who works for them keeps up this system or culture. Call it what you want... Just quitting and doing something useful is the only way to stop it. Remember this: you're being lied to on every single review, job prospects, and cheated out of a fair salary the day you signed with them. If you think you can't make this kind of money outside then you don't value your life very much.

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Post ID: @nrz+Znp5e1d

So very true, this downward trend started at least 10 years ago but very has much accelerated recently.

Decline of what used to a respected company driven by arrogance and delusion, no more acquisitions to buy to try and maintain market leadership, no innovation from within SLB.

Very few good engineers left, destroyed by atrocious management only concerned for their PIP performance bonus, a dog eat dog bearpit where only the yes men survive regardless of their skill or positive contribution , the company is slowly being left to flounder on the rocks.

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Post ID: @zug+Znp5e1d

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