I do want oil go to 10$, let lay off those in-competitive s---er that work by mouth only. Let rebuild the oil industry with new technology rather than waiting for oil back up. Use oil to make good product for use not politic game.
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Boom will be back in mid 2018, use this low point to recondition your skills, recollect your present & future goals, and to open up new networking avenues.
Attitude is everything, pick a good one.
Does a bear p--p in the woods? Is Paal getting a raise and free stock?
You can bet on it! :)
It's going to go lower and yes, there will be more layoffs. Best of luck
Already 250 this month
Schlumberger realized last month in Jul that there layoff strategy over past 20 months was pretty bad.
now u will start to see messages as to how people are the biggest asset until the next round of layoffs
oil price will stay in 32 - 43 range for aug to dec 2016
this means further reduction in activity
which mesns to layoff people especially common roles with Cameron
The predictions this company made in the last few earning reports about the trends and bottoms have been largely wrong and showed clearly a lack of good understanding in what's going on in the industry. It simply underestimated the width and depth of the crisis faced today. Because of this, the company's layoff strategy was completely misguided. It laid off skilled and experienced people with proven performance and contribution records because they were viewed as "expensive". Now with further reduction in business activities and revenues, it's no longer a simple game of reducing the head-counts to cut the costs. It's about combining business operations and yet maintain the level of quality and capabilities for the survival which requires people with lots experience, solid performance, and abilities to handle multiple domains and multiple tasks. But, too bad, there aren't many of them remaining. If the situation doesn't improve, we will see more and more asset sales and operation shutdowns .
Don't worry, be happy!! The light at the end of the tunnel is the open door of the unemployment office.
I don't underestimate the power of positive thinking, but at the same time one should look at facts and reality. Oil price will stay low for a while. If SLB keeps losing money, what will the company do? The answer is pretty simple.
In a word, no. And allow me to extrapolate upon that please. As was previously stated, the current crisis is exhibiting a trend which indicates a bottom. This is not to say that the turnaround will proceed as we may exhibit a few false turns while being stuck in a bottom of swampy goo. But, we have been here before and have made the necessary manuvers to subsist and idle about in turn. With a disciplined forward looking outlook we should be able to maintain ourselves going forward. But of course none of us can truly predict the future and should the situation warrant proper sanctions will need to be made. But rest assured that we do not like this anymore than you. In the meantime remain focused on your tasks at hand, communicate with your superiors in a constructive manner and above all stay vigilent to the needs and actions for efficiencies. On a brighter note, we have come to the belief that there is a light at the end of this tunnel, and this time it is not an oncoming train. Remain vigilent. Regards to all.
5th Aug