CEO says reduce duplication and cut costs. So change company name to Baker Hugs- why duplicate H and E?

We are about to hit unreal margins. In a deft strategic move, we are abandoning the solutions concept. We are integrating the integrated with a 3:1ontop of 3:1 making a 9:1 planned efficiency gain. MCB is merging solutions segments into a new org... — read more 

It is pretty clear that now is just a matter of time. By the time they will figure out they have created a huge problem by laying off on such a large scale without any good reason nor criteria, it will already be too late. How long do you think... — read more 

So maybe a little more this month right? Who is going to stick around to figure out how to pick up the pieces?

A communication will be coming out soon. All employees will have to be in the office five days a week.

Has anyone reviewed the form letter with a lawyer yet or talked about a class action suit for the outright age discrimination in this round of layoffs?

Unfortunately that is what is happening to the company! Ageism at its best and F¥€k head selfish leadership with LS,MB and the HR head MK all together driving once a great company down to the dogs! They have destroyed lives and families not valuing... — read more 

As far as people on working on the floor? Saw a lot of mid level management and engineers get laid off but nobody on the floor in drill bits

Bloodbath coming it looks to be experienced people so read that as old and expensive. This is ageism at its finest. If you get a meeting invite beware!

Have a bad feeling about tomorrow. Any news on layoffs for ALS? Will the loom around until June?

Does anyone have any official news sources on how many people have been laid off? The media seems to not report it.

Anyone know how the packages/ payouts (if any) are for those who have been laid off?

Yes…YES…keep making these id--tic cuts!!!! Can’t wait to see how this is sold to our customers. Hopefully the captain goes down with the ship.

You had to know better than that! Complaining to top leadership that "the organization weigh us down" translates easily in a couple of changes in top level org charts and a few thousands layoff. The equation is x% layoff equals to x% more efficiency... — read more 

Plans are in place for wireline this week. For a reorg that was spoken of in the townhall meetings as executive based sure seems to be impacting the lower ranks right down to manufacturing. Took out are team lead with no plans for lost experience…... — read more 

Does the champagne at the annual meeting taste a little sweeter when heads are rolling in Houston?

Anyone?

At least I don’t have to worry about blow outs anymore. Hopefully I can find work on a wind or solar farm, maybe a hemp one at this point.

Talks of another 5% possibly more to go in Aberdeen next few months.

Cuts came out of nowhere. Tons of technical people, engineers with 10-20 years experience. Not new hires or old heads nearing retirement. Meat an potatoes technical people let go with no plans in place to deal with the work or expertise gaps. ... — read more 

Last time BH restructured on this scale, it was an alignment for a potential buyer. Any thoughts on this?

Would be interested in hearing good news regarding Baker, rather than all the negativity. Do we have any in the pipeline ?

The greed that has came to the top tier of individuals for monetary gain if continued will destroy the hard work and dedication provided by many that these people couldn’t name one of the pioneers out of thousands that enabled the company to expand... — read more 

Once again BH starts on the layoffs of what is rumoured to be 2000 people worldwide. When will the leaders of this company be replaced with people with ideas that think the only way to profit is cutting personnel. BH management have allowed... — read more 

It would be compassionate, if each of the speakers could speak from the heart instead of reading a script! Why can’t we deliver to our customers? Is it the policies of our execs?

If not, why not ?

What will be annoucend on Tuesday??

Are we supporting your business units and functions? How may we do better? Why do we keep losing people? Why can’t we pay enough to attract experience? Why does my pinky stinky? Are you running your race? Are you prepared for your touch point? — read more 

Will there be any Baker Hughes layoffs? Any chatter, news or rumors?

When will they continue?

Any news on this project?

Today is the official last day of Hogmaney. Many thanks to everyone who participated.

Today is our last day as part of Baker Hughes, having been sold off. In the 4years since bakers took over from GE we have endured 3 rounds of redundancies, an attempt to cut shift allowance by 50%, the first ever strike at the plant in 40 yr and... — read more 

Both recently sold massive stocks 1M $ worth.

Any insight as to when the current hiring freeze will end?

The Woodlands is hosting the company big wigs today. Most of the facility is off today so the rats show up.