Cost cutting is not working

High Oil Prices = should equal high share price?

Lower Costs = should equal more profit (with or without transformation we have cut like crazy)

Therefore either the Sales organization does not know how to get price rises and win contracts for a gain or the transformation and cost line efficiency is not working? Or more likely both are not working!?

Alternatively all this cutting means our resources are worthless - you can only charge what buyer is willing to pay? All this makes me sure the share price will not rise above $70 for 12 months!

Bumped this post from another thread. Great post and a very true one. OP by @VJFLjHY-1olx

Comment! It's anonymous!

10 replies (most recent on top)

Finally

As long as you f---ers leave the pension funds intact, all is well! Peace!

I already read this. Why do you copy other's post? Don't have your own?

You can't polish a turd.

Idle employee heavy segments.

Layoff does work if done correctly.

Management heavy organisation.

It is the only way the French know how to do it.

Politics is running slb not skill set.

That is why! Bam!

Schlumberger is too expensive and can’t compete on price while maintaining acceptable margins

Time to break the company up into a manageable size

We still have too many office personal without billable hours.

Thread regarding Schlumberger Ltd. layoffs

Cost cutting is not working

10 replies (most recent on top)

Post a reply