With revenue continuing to fall, will there be more lay offs in Q3?
18 replies (most recent on top)
Getting down to 65k would only be possible with a spinoff of some divisions... westerngeco ? Any others?
OK I'll bite, what's going to happen in October 2016?
Like you manager told you, No more layoffs.
Listen my fellow co-workers, dust ur resume and start submitting your applications. Don't think that you are unique, we are all replaceable. Sending you my input from.......
Just wait for Oct 2016, you all will know the bitter truth
What about Q3, will there be more layoffs at M-I Swaco, anybody heard anything or know anything?
65 thousand non cameron employees will probably hit Q2 2017. Not sure how many Cameron add to the mix currently (estimating 12k) so yeah Q4 2017 wouldn't be too hard to hit 65k.
Brexit, strong dollar, and Democrats proposing to ban hydraulic fracturing in the US (Canada likely to follow suit) does not paint a pretty picture for the future.
SLB can't make revenue in NAM, total pull out by spring of 2018
Deep scan, backing up all computers again. Here it comes.
ITT -IT Transformation
What's itt
25% RIF in ITT ( Cameron BSO will have major RIF)
65 thousand employees by end of 2018 is still the target
Current is 88k without Cameron.
SLB will have a hard time servicing their 21 billion dollar loan by end of the yr. Only thing left on the table - workforce of 65k. Is it possible to get to that target, yes....
65k? Bull crap. We r at 95k right now. No way they r laying off 30k
Of course not, don't worry, be happy.
Target 65K, buckle up.