A contact in HR gave a heads up of a multi PSL plan for further RIFs 10% to be effective end of Q1 for Technology. This also usually implies operations but the HR contact rep technology. There is also a planned mgmt consolidation at J and K levels.
When you see the Quest guys leaving you will know something is soon!
Manager at NBT trying to minimize the next round. The concern is running off people too early to other opportunities
Looking to move away from this place at next opportunity
Halliburton technology, what a joke. We are are not a tech company we are a services and commodity company. Technology Acquisition Process says it all. Most new tools have been 3rd party developed. Halliburton just documents. Look at RD spend percent of revenue...what a joke!!!
Other things sent to Singapore for 1/3 labor cost, so we don’t creat US jobs either optimally.
You could feel that impression in the air today around NBT. It is looking like 2015 all over again with quarterly reductions. Shaping up to be another unstable year or employment
Halliburton is a great company in spirit but poor in practice. The post about the market cap over 100 years is very revealing. I think the company is too focused on image and execution to make any big wins. Having a dress code does not make you world class. Having a long term innovation mind st does.
In end this is why blue will always prevail and we will just serve as the 2nd quote company.
J level average is around $110k-$120k average for level K is $150k-$175k
I am not familiar with the pay scales for these first level managers. What is the avg salary for someone at the J and K level?
J & K level are the 1st level of management for
The peons. They are low level managers like customer service manager or a Plant Manager. They don’t really need to hit that level. They need to be getting rid of the people at level L or above. That’s were all the excess fat is. Those are people making $200k a year plus
What's J and K level? I didn't get that.
Interesting perspective on market cap and most likely due to brute force nature of the company. We are too conservative to do something different as we choose to copy others. We are mostly interested in competing vs creating new markets. We are very much prime to be disrupted if not already in works.
Ride the middle and tread efficiently
Here is a comparison in market cap for different companies: microsoft 1203.06 billion, Amazon 916.15, Netflix 141 billion,uber 51 billion, halliburton 21 billion. After 100 years of existence only 21 billion?. What a joke. No wonder they are laying off. Too many mouths to feed very little revenue. Guys, the company is shrinking slowly. There is no future in this industry. Electric cars,global warming will be like a tsunami for the service companies in the next 10 - 15 years. Get out of there. Find a different job.
Management equals no workers. They are accountant wanna-bes that left the field and work ethics years ago.
Who is going to be left over to fix the amazing ICruise?
The objective to fill mgmt roles with ‘corporate level factors’ outside of skill and performance has not helped either. People are being placed in mgmt roles more to fill a celebrity image type role external than to actually make an impact.
This company could eliminate 60% of the mid level managers and absolutely nothing operationally would change. We would however be saving 100plus million a year in salaries and benefits. Then reduce executive compensation by about 50% and you eliminate another 100plus million in salary. The managers that remain would still be making a very nice income and you wouldn’t have to touch the peons. Why does that lot make sense from a financial perspective? I would think the shareholders would appreciate it greatly
You can read the financials and put that one together. The manager Rif would be fun to watch!