I thought you might like this post.
You know that I work big oil, and we have gone through many rounds of lay offs over the last 15 years. Although the global hydrocarbon demand is increasing, and the production is increasing to keep pace with it, our industries footprint is steadily decreasing in the map of S&P500 in terms of market cap.
To reflect that, our workforce is also steadily declining. So that boils down to we are doing more with less people now. In fact compared to 2007 oil industry employee count, we are currently at 70% less.
Yet, I say we can get rid of more people and still won't see any bad impact. That is the amount of extra fat we have.
Now please don't get me wrong, when we let people go, we tend to let a lot of good people go and keep the bad ones! Why! Because those moron and dim witted management decides who to keep and who to let go. How can you expect them to make the right decision.
The fact that we make any money is rather surprising to me.
The last time we had a purge that was exactly the case. It was voluntary redundancy and they ended up paying a lot to the good people who left and we kept a load of crap time wasters on and everything became harder!
There is always fat to cut, just have to cut in the right places which rarely seems to happen. I will say that right up until they cut me 🤣🤣
You know I am at a stage of life that I am glad I am over it. I don't really care if they cut me or not, it won't have any impact on me financially. I am sure I will miss the adrenaline at work, and honestly that is the reason I am still here.
What that does is a rather detached perspective over my industry. I have been doing this for a long time and know all the ins and outs. Trouble is they have figured out that I know this and not many people!! So they are desperately grabbing on to me!! Its rather funny:)
It's good to know the ins and outs of it all. I think that's why I am safe (unfortunately) because despite my technical skills decreasing a little from lack of use I know everything about how the place works!
One day we shall buy that island in the sun 😀
Some of the Caribbean islands are cheap now :)
You should be able to get it at the price of a London Penthouse
Lol, Amy. You have a negative rep now so I'm not going to bother with you and your craziness.
Bon voyage 😀