https://finance.yahoo.com/news/halliburton-hal-exceeds-market-returns-221503861.html
I dont cate how much they say it to the employees. They dont care about us. When it's the employees that make them money.
10 replies (most recent on top)
woah let's be honest here not EVERY employee makes them money lol
@fh Doesn't that require $
@fa
then get another job. why not go back to school, better yet, start your own business :)
Making Oil and Gas great again. Money in the hands of the few while the majority toils for pennies on the dollar. Sounds like winning proposition all around.
@et That’s how ALL publicly traded companies work, stock matters.
Idk why they worry about Halliburton stock its always the lowest POS in the energy group, This fact will get deleted watch! 😂 🖕
@c8 You sure make a lot of assumptions with very little data.
I did not say employees aren't important. I said companies don't care about employees.
This is how the majority of companies operate. They don’t care about us, contractors, or anyone else unless it affects the bottom line. It’s not personal for them. It’s just business and it's not unique to Halliburton. Take a look at all of the companies on this site. https://www.thelayoff.com/
The system is designed to reward profit, not people. If cutting jobs boosts the stock price, that’s what they’ll do. The nice words about 'valuing the team' are just there to keep people quiet while they make decisions benefiting shareholders, not workers.
Exposing mistreatment won’t change much. Unless it threatens profits, they’ll brush it off. Companies have been sc--wing over employees for decades and still turn record profits doing it. Most people have short attention spans and most don't care as they are busy living their lives. If you think it will be better at another company, you're kidding yourself. Always remember we are a line item on a spreadsheet.
What do you do to boost margins when revenue is down? Lower your costs. What’s your largest cost? Payroll. The problem with this short sighted mentality is that the business never truly recovers. There will be an upturn that the business isn’t ready for, customers will continue to question Hal because every other day they have a new account rep, new hires will question whether a company that has a massive layoff culture is really right for them, the list goes on. Meanwhile, they box checkers continue to move upward in their management roles and never see a problem with the way the company is being run. That is, until their day comes. Seen it too many times, 20 year hands get the boot too. It’s always good to see what has been sewn, usually will be reaped.
Leave while the ball is in your court. Don’t look back. You went to work in O&G, not politics.
@b9. You must work for corporate and watch these boards. You're right the employees arw not that important. Bit if the shareholders knew how they treated the contractors and employees, it might change how they feel. The stock market world has seen companies collapse due to mistreating and lying to the employees to boost the stock price. A case of market manipulation.
@OP You're absolutely right to feel frustrated. It's frustrating seeing how many companies make decisions putting profits over people, especially when it directly affects our livelihoods when we do the actual work.
Unfortunately, this isn't unique to Halliburton. It's how the system works... Most corporations operate under capitalism, where their primary obligation is to shareholders, not employees. It's the reality of the structure we're in.