Lack of corporate foresight during downturn
Drilling Engineer (Former Employee) – Texas – November 14, 2016
Jobs security based on seniority rather than performance. The rationale being that younger employees are cheaper to lay off. This is very short-sighted, as baker hughes tries to progress into the technological leader in oilfield services. Decisions to suspend benefits (slashed 401k match from 7% to nothing, reduced company vehicle allowances or removed them completely, etc.) even after the $3.5B windfall from the failed merger show a lack of concern for the longevity of the company. But that will soon be GE's problem.
Good medical benefits, good work/life balance, decent pay
No 401k match, no job security for younger employees