Thread regarding Baker Hughes layoffs

Per Motley Fool Ariticle today....Our margins STINK compared to our Peers

So here's the catch. For BHGE to be able to capitalize on these market opportunities, a few things have to go right. One critical thing is that management is going to have to make good on its promises for operational and revenue synergies as part of the merger because, frankly, the company's margins stink compared to those of its competition.

Company

Operating margin (trailing 12 months)

Baker Hughes, a GE Company

3.44%

Halliburton

12.1%

Schlumberger

9.50%

TechnipFMC

8.93%So here's the catch. For BHGE to be able to capitalize on these market opportunities, a few things have to go right. One critical thing is that management is going to have to make good on its promises for operational and revenue synergies as part of the merger because, frankly, the company's margins stink compared to those of its competition.

Company

Operating margin (trailing 12 months)

Baker Hughes, a GE Company

3.44%

Halliburton

12.1%

Schlumberger

9.50%

TechnipFMC

8.93%

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| 821 views | | 4 replies (last September 17, 2018) | Reply
Post ID: @OP+V8BHkzI

4 replies (most recent on top)

Stinky ?

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Post ID: @4dxa+V8BHkzI

management is to top heavy and way to many changes at the same time. talk about a moving target.

Where is the easy button

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Post ID: @rsv+V8BHkzI

maybe we need less "management" I think we have multiple redundancies at mid level and above.

There is most likely considerable synergies in parring these positions and distributing many of the responsibilities down to supervisor level positions and have multiple supervisors reporting to one manager for several locations. Sh-- we have spread sheets, graphs, metrics, goal plans, performance plans, competency plans....why all the management...10 managers equal 1.5 million annual savings.

I could be incorrect I didn't sleep at the hotel six but rather the double tree on JFK Blvd.

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Post ID: @hvm+V8BHkzI

Need to lay off more people

Headcount is the biggest cost of all

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Post ID: @uui+V8BHkzI

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