Thread regarding Baker Hughes layoffs

MCB is so lost and has no idea how to keep BH relavent against the competition. Read Jeff Krimmel’s latest posts of the OFS companies. BH is so far from the other 3. Yes WFRD (the once left for dead bankrupt company) is even doing laps around BH. The sad truth is that all of the leaders remaining are Baker lifers and have no idea what good looks like. Add to the fact that Lorenzo panders to the market the ESG and Green nonsense while the competition is positioned and invested in the OFS business. I expect within 2 years they will be forced into a merger.

I think their only hope is to get an artificial margin increase this year by cutting personnel cost so that MCB and the SLT can sell their remaining stocks and move out next year. There is clearly no vision of how the organization is supposed to work (let alone more efficiently) past this round of indiscriminate layoffs. Achieving better margins systematically as a consequence of this re-organization is a pretty baroque idea. If anything they will loose also the few talented people left as they will be leaving for better conditions to avoid overwork and burn out. Thanks to our brilliant moves we have already started creating small contingents of ex BH employees within our competitors. Our competitors are wondering what the he-l is going on in BH and how the Company can allow and afford letting go people with 15-20 years of experience that they are more than happy to employ. Time will tell but the future is for sure not as bright as they try to picture.

Heard MCB did some call and showed how WFRD and all are way superior in margins - d-mb f*** she wont understand WFRD n all are hiring and BH is streamlining to LATIN AMERICA concentric leadership. She will leave soon - any bets 2 quarters and she is out ; she cannot deliver margins and with people left doing three jobs ; revenue target is like MCB having brain -both impossible

Well said!

👌👌👌👌😀😀😀😀

@ OP Love it "corporate Meiosis"

Highly unlikely the course will be @ Harvard..................more likely @ Howard University added to their core curriculum including ESG, MSG & Race & Gender studies.