Bruce/Caitlin Jenner's transformation is one of the most bizarre events ever in the media. Hmmph...and to think that guy was on the damn Wheaties box.
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still have NO clue what the transformation is. unless it's getting rid of long time employees and adding more management.
Transformation = s--- my diiiiick
Agree with IT transformation.
Everything else is about
1= having fewer employees do more work.
2= workforce reduction
3= pretty graphs and icons
4= new PowerPoint presentation templates
Transformation = Destination F***ed
The main point is we want to transform Schlumberger to be the most efficient and best run.
However our industry which has so many unknowns around activity, operations and cannot plan since inception, currently or in the future. My fear we do transform to the 2020 vision which leads directly to missing all the cream of activity as a result of no excess or spare people or equipment. This will lead to lack of faith of clients we can support their business, competitors pick up the cream and therefore outperform SLB.
Secondly we are creating a silo organization it is going to be ugly finger pointing organization in the future.
Obviously this forum is the only place you can express this as we all look over our shoulders.
I call it bullsh*t...there is no other word for it.
it is not working. The quality is down, people are not motivated ( remaining ones) and just not seeing the light on the horizon.
yep he also cut the international pension plan which is now history.............but hey the transformation is working. what a fraudster
To prove that there are tangible returns for the transformation he initiated PK would need to continue to demonstrate improved margins and profits. How he's going to do that in a low price environment and dysfunctional organization? Fire a larger number of employees.
For those of us who worked here long enough the pressure to prove that transformations worked was clear since the beginning of this downturn. Early retirees (aka, fired) were offered no points, losing a large portion of their hard earned pension credits. Established, good employees were laid off first because they generally costed more. PK raised dividends while their clients doing heavy cutting.
In all quarterly conference calls, PK kept on, repeatedly, saying how profit margin in this downturn was way better than previous ones. He has a point to make to Wall Street and the board, and he's making it at the expense of other employees and their families. God bless PK's bonus and stock options!
that so called collaboration strategy with the client has them falling of their chairs laughing here in the USA! nice try Paal but they aint getting s---ered into that one and will just continue to contract the companies that deliver the best service delivery per dollar and guess what that aint schlumberger
A transformation is taking place from a world class engineering organization that employees were proud and motivated to work for into a cost and fear driven company losing market share to its rivals.
Paal talks about offering a new game changing collaboration strategy with customers but clients simply don't buy into that as even with all the cost cutting SLB is too expensive and employees are too scared to go the extra mile in case they are seen as breaking the rules and get fired
I hate working in this company now and as soon as things pick up I am out of here
Agree with IT transformation.
Everything else is about
1= having fewer employees do more work.
2= workforce reduction
3= pretty graphs and icons
4= new PowerPoint presentation templates
Hahahahahahaha hahahahahahahahshahhhhhhhhhhh23
In 2014 PK said, on Barrons, SLB could be the best run company in the world under him, and expected it to rise to the level of GE, Boeing, etc. Since then SLB languished along with the oil prices, with 30-40 percent of employees fired. Read this and have a good laugh http://www.barrons.com/articles/SB50001424053111904537004580085733426546688
right on @jge
Total bogus. PK sold the idea to the board. That's why he got picked. Transforming OFS into a blue chip company. It's just a game since one cannot transform the business itself. It's O&G contract work and nothing more. Thousands of useless people jumped on the wagon since, making career and leaving behind the guys doing the actual work. They don't even know what this transformation is supposed to be. Just stupid icons, pictures, and, graphs. And should you not kumbayah this nonsense, you're toast. The consulting business PK used to come up with this clownshow is incapable of implementing anything. They're just s---ing it dry while PK stuffs his pockets. In two years you will mostly see bosses who played the transformation flute 100% incompetent to drive real business or do an anything to share holders. PK managed to create an army of total utter incompetence. There is only one solution left... Keep buying the competition until you run out of money. This company is not worth investing in. Only Cramer talks nice about them since he went in long while Gould was boss. Overall, they will have huge problems going forward as they cannot compete on profitability with other Wall Street businesses unless oil comes back booming which is not very likely any time soon. So, it's probably not the kind of company anybody with a good engineering degree should join. I imagine you'ld see a gigantic influx of employees from third world nations to fill the gaps and being happy to do so for little pay and virtually no benefits.
Not sure which transformation you are referring to. But IT transformation needs to happen sooner or later. I was amazed to see a supersize global service provider is using ancient IT systems
It's screwed up supply chain so bad that you can't get parts in time that it is causing failures on jobs. Good luck retaining market share.
what transformation