Thread regarding Saudi Aramco layoffs

Cost cutting

Some dictats from above came in today. I expect a hiring freeze and some layoffs will follow.

Yet the company still pays an unsustainable and uncovered 7% dividend. Guess they’ll just load up on more debt. Venezuelan style bankruptcy is inevitable on this trajectory.

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| 1671 views | | 7 replies (last August 13, 2024) | Reply
Post ID: @OP+1tSLjy55

7 replies (most recent on top)

Ever take a sigh of relief right before flying out of this hole for vacation? Then realize all that you are trying to escape (the lying, the shoving, the smells, the constant disrespect, the ugliness, the complete opposite of everything you were raised on) is on the plane going to your destination? Even when heading home for repat? That’s a sign the job isn’t worth it. It’s time to go. And either run or make sure they feel as welcomed as they made you feel.

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Post ID: @7umx+1tSLjy55

95% of new expats are plastic passports these days, comes with the (low wages, lack of self worth, low skill ) territory.

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Post ID: @2yzn+1tSLjy55

Guessing that the poster means South Americans with dual US passport...guessing.

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Post ID: @2pjl+1tSLjy55

@2tdj+1tSLjy55 which passport is that?

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Post ID: @2mgd+1tSLjy55

aramco mainly hires VZs and other S amrikes (many with the blue passport from the $0.25 gum ball machine). If you build it they will come. And turn it into the hole they crawled from.

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Post ID: @2tdj+1tSLjy55

TS here, we have 2% budget cuts to make.

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Post ID: @1fqz+1tSLjy55

What BL are you in?

I am in H Argh and can confirm freeze is already here.

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Post ID: @1ofn+1tSLjy55

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