US is approaching another major again MAJOR layoff in Business & in IT in the next 2 quarters.Houston will be a disaster
6 days ago by Anonymous | Post ID: @OyN6yGq-1uem
https://www.thelayoff.com/t/OyN6yGq
7 replies (most recent on top)
Only Clean Team Basis, I am proud of being part of that .....
QTC lead promised for Managers title plus GC that's done for Global PTR and SCM managers Courtesy little Twin Bro
something is smoking and cooking in 6th floor - are any changes in the roles or budget cut or RIF's discussion is going on in Twin Brothers Room? Better to get out of this chaos ASAP
"Twin Brothers" of 6th floor are unstable and that's why both of them are running to 5th floor to withstand the political pressure from SLB . The (Big Brother ) director might be demoted from his position soon...
Layoffs will begin soon....
No business growth in US (Growth came down to 32.17% in the last 18 Months )
2017 revenue of $27.8 billion decreased 22% year-on-year, despite three quarters of activity from the Cameron Group that contributed $4.2 billion in revenue. Excluding Cameron, consolidated revenue declined 34%.).
So RIF is the only option left.
As most of you know the recent go-live of SAP is another big debacle on the IT side, few billions were lost so for and management is left with 2 options. Take it to offshore or scrap the SAP
Share price Trend of SLB will talk in Volume (started this year @ $84 and today @ $63 )
https://finance.yahoo.com/quote/SLB/history?p=SLB
11th August 2017 $ 63.83
3rd July 2017 $ 66.97
1st June 2017 $69.78
1st May 2016 $72.30
3rd April 2017 $77.70
1st March 2017 $82.27
1st Feb 2017 $ 83.16
3rd January 2017 $ 84.80
in general there will be a 25% RIF in the 3rd quarter