This week will wash a bunch.

Can you dig it? Layoffs north of $14M http://www.bloomberg.com/research/stocks/people/person.asp?personId=20821711&privcapId=19007

Majority in PP, Wireline, SLS and support functions

Hiring and spending at $100 per barrel. Firing and saving at $30 per barrel. A 6th grade business model. No MBA needed at Baker.

As a regular poster over the last year, I have resigned from my grade 15 sr. manager job in BHI for a comparable position in a non-energy company. Yet, I will continue to read this forum and contribute credible information. Should you have questions... — read more 

Here's a positive observation in the sea of crap that is this forum: Did anyone else notice that Martin mentioned employee retention in his earnings statement yesterday? This coupled with the fact that HR is being sent out to various locations around... — read more 

Hurd dat Tomball (old bj bldging) iz gonna B sold. Rumorz alzo have bean buzzing dat 1 of de edumacation centerz wil be shutdown. Content group is a jke. Da ring leader (JR) iz running da circus wit Turdchetti. Joke iz on des fools.

Any news on Central Artificial Lift?

Unknown number of employees. I know field hands are being laid off, unsure of any office personnel.

... what the enslaved overloaded stressed employees make...

Management. !!!! What are you going to do today to justify your salary with your mismanagement and year on year decline in orders? Resign ????

Incredible Losses: http://www.cnbc.com/2016/01/28/the-associated-press-baker-hughes-reports-4q-loss.html

Times are difficult in the industry, take comfort in the blessings you do have. Fear only leads you down a road of more hardship. Remember this is a job, not your life, there are far more precious things to lose. Do yourself a favor and steer clear... — read more 

Why can't Baker just be upfront with everyone about what is going on? Let the employees know so all these rumors can stop. It's hard not knowing day to day if there will be layoffs or when. It's stressful on families and our everyday life. Rumors are... — read more 

When theres hardly any work ..ya get rid of the people that actually do the work from machinists To field engineers . Keep the middle management etc. So when work picks up they can call there bumchums up and give them a job again . Managers dont want... — read more 

The DOW's catastrophic correction is 14,000. Dont flip out, make it work. Buy it!

Everyday I get asinine emails talking about new procedures and new training. We're going to start doing this or that crap. We're barely hanging on yet the army of supervisors and managers just sit around all day thinking of new stuff to make the job... — read more 

Rankin Road Attrition

30 dd's and 30mwds are being cut today in the Rockies

Is pressure pumping as a whole for sale in Europe or just cementing

This morning, the manager called each of us into his office with HR standing next to him. When we were all there (8 of us), he told us we were being let go due to the oil price and staying competitive, reducing capital, etc. He then flipped us the... — read more 

MEAP leadership meeting in KL to finalize new round of layoffs. 20% head count reduction is expected mainly from Indian, Iraq and Asia Pacific

Merger of few Geo Markets and Region is expected in coming weeks