Thread regarding National Oilwell Varco Inc. layoffs

Why are managers leaving?

Three managers I know (two in my department) have left NOV in the past month. All of them left voluntarily.

Could it be that they know something we don't? Should we be preparing for another restructuring with major layoffs right about now? Or am I just being paranoid?

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| 2821 views | | 13 replies (last May 21, 2019) | Reply
Post ID: @OP+YhU3vCn

13 replies (most recent on top)

Senior directors will be some of the first to go after VERP is finished

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Post ID: @Trgv+YhU3vCn

VERP and layoffs coming, hang onto your hats

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Post ID: @Loru+YhU3vCn

You're both right. I am better than other directors, but not as good as a VP. And yes, believe it or not, I work for a paycheck... the bigger the better. I work to live, not live to work. Anyone who says they work because they love it is lying... either to others or themselves (or both).

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Post ID: @mqvb+YhU3vCn

Directors, Senior Directors, VPs, Presidents all s--- haven’t met one in the last 3 years that’s worth a hill of beans, all puff and no wind, not a social skill amongst them and no sincerity.... stock options and ICP are all they are after.

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Post ID: @8snd+YhU3vCn

They left because of wanks that go round saying they’re senior directors.... what’s wrong with just being a director? Not good enough to be a VP, but need to feel superior to the other directors? You telling everyone you ain’t got no self esteem homz!

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Post ID: @7lbg+YhU3vCn

They were probably already looking - I know I am and I’m a senior director.

Then when one got in, they call their buddies to come over too.

Another reason they might have just left st the same time is because now is around the time stock awards and options are issued so they may have just vested.

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Post ID: @5ajw+YhU3vCn

where....in Russia ?

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Post ID: @5irt+YhU3vCn

Ain't worth sticking with NOV, if you have a choice to leave.

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Post ID: @1ljs+YhU3vCn

Is this Breen, if so I ain’t suprized

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Post ID: @taw+YhU3vCn

Rig Solutions can’t sell any rigs to anyone, if it stays like this layoffs will hit!!!

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Post ID: @cav+YhU3vCn

Smartest 3 Managers Ever

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Post ID: @rjb+YhU3vCn

The slowdown of oilfield services isn't a mystery after $45 oil, nor is NOV's cuts shortly thereafter. The days of NOV merely suspending profit sharing are long gone.

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Post ID: @zrv+YhU3vCn

Where are you based

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Post ID: @bxh+YhU3vCn

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