What will happen next and were will this take us?
9 replies (most recent on top)
If you are a Halliburton worker, start looking for a job now. Company might decide to fire you on some pretext rather than give you a severance package.
Nomination for Voyeur of the Year - hands off watching everybody else do the work
Sorry for the bad news but just confirmed layoffs will have to be made again. The company is trying to mitigate the current situation damage and got to protect investors by cutting more sooner than expected. My advice to you the employees isn't even to work harder and/or keep your head down for HAL to keep you. Tightening your current expenses, pump money into your savings in case you get layed off. The fastest way to offset deep losses is to layoff people, this time it won't matter if you are an overachiever. Look and see if you can find another job as plan B.
They even got an extra day this year for layoffs
Can you be laid-off while your on quarantine? I dont see this in my LERP.
Definitely layoffs. Our customers simply can't make money driling and completing wells at 45 bucks for oil and $1.75 for gas. They'll just shut down till this blows over. Meanwhile we get shafted.
Halliburton stock closes at 15.95 today. Ouch
Are layoffs coming in the Permian Basin due to Coronavirus
Jeff Miller had to cancel his trip to accept an award; I hope his burden weighs heavily on you all /s