Thread regarding FMC Technologies Inc. layoffs

IT and HR

IT and HR departments are a bloody mess. Its got to be incredibly embarrassing talking around this fact to new employees.

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I was recently "removed" and then they filled my spot with a contractor to finish up on the only current project we had. Personally I felt fortunate to get some kind of severance package, where as once they close the doors the remaining folks will get a kick out the door and that's it.

Here's a classic example of accounting errors:

"Recently merged offshore services giant TechnipFMC said it cut 4,000 jobs worldwide as it it further integrated the operations of its predecessor companies, the French company Technip and FMC of Houston.

TechnipFMC, which has its operational headquarters in Houston, reported a $165 million quarterly profit, but the gain comes after a major accounting error swung its first-quarter earnings from a gain to a loss. The company said it trimmed its global workforce by nearly 10 percent to 40,000 during the three months between April and June.

TechnipFMC's first-quarter error involved foreign currency exchange mistakes that turned what was considered a $191 million profit into a $19 million loss - a major swing of $210 million.

TechnipFMC CEO Doug Pferdehirt called it a weakness in internal controls over financial reporting after the merger, which he assured has since been corrected. The company said it trimmed its global workforce by nearly 10 percent to 40,000 during the three months between April and June."

Glad I am long gone!

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IT has had plenty of layoffs and like everyone else doing the best they can with a reduced headcount.

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Well of course, without HR who who create absurd positions for management's family/friends?

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IT will always be spared because they oversee internet security as well as ways to streamline processes ....thus ultimately eliminating "people make making decisions & run by computer processes". HR at this time needs to be there to assure that those employees let go or terminated are well documented so that no lawsuits are involved. Same thing with safety coordinators & contract specialists. Legal dept included. It's all about the corp. protecting themselves against lawsuits & streamling processes with less people. This is Corporate America, not just with FMC.

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As always!

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Thumbs Up!!!!!!!!

Sad but they will be spared in the next round of layoffs.

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