CEO retired with 15 billions, 6 billion company was sold for 15 Billion, HOW? Machine worth 6 billion and employees worth 9 billions. CEO will retire joyfully(RJ) by selling every one of us,because he treats us a single extended family. This operation was termed as RJ005, as 5 people finished the deal.
7 replies (most recent on top)
SLB should what they bought! a big dude!
The point is simple. SLB bought Cameron, underline the point bought, because they want to make MORE profit . So weak links and rotten eggs to be thrown out. Normally the IT expenditure is more than the plant expenses, so....will leave the conclusion to your brain. First they will throw that cameron implementation parasite sorry partner, then looting independent luxury contractors(who sit on the pockets of MANAGERS) plus the top officials, it's not a speculation, it's simple arithmetic technique called COST REDUCTION
Slashing 80 to 90% of workforce is not unusal and specially SLB is specialized in these kind of of acquisitions, in the past i.e. 2012 when they acquired another company like this 92% was thrown out, again SLB is known for that. Cameron management may say anything, but behind the screen they sold the company and now they are giving townhall meetings. One last time they will visit NSAM,EACR and APME and will give all the false promises and the employees are the prey one more time. Now another indicator for the employees to wake up, is the PERMANET independent contractors will start moving out (GO)LD and G(OLD) cameron because they know the future, they all have the internal updates from their CAMERON Managerments, wakeup POOR employees, your CEO is richer by 14.8 Billions and YOU are just an extended family of the CEO
It will be more than 30% for sure. SLB has a great and powerful IT force than Cameron. First the high level VPs, Directors and Managers will be gone!!! As per the internal sources of SLB they will retain only 10 to 25 % Cameron SAP Workforce only. That's the style of SLB and SLB's HR is very strong and efficient.
Cameron will lose around 30% of it's headcount
If an employee retires on 27th august how many billions or millions he will get any idea?
Dude - layoff the peyote