Thread regarding Halliburton Co. layoffs

May 2020 uodate

In order to meet the new pyramid of VP to managers ratio.
VP positions will remain at current level.
Managers at each district will be reclassified as Service Coordinator.
Current Coordinator staffing will be demoted to hourly with no bonus
This strategy will show Wall Street just how effective Hal upper management can restructure and meet market conditions.

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| 2491 views | | 8 replies (last May 23, 2020) | Reply
Post ID: @OP+152G8hI5

8 replies (most recent on top)

Management has realized the over reaction and will soon begin seeking former field hands return by November. Look for notification in your email.
bonus package will be enhanced for those who return. Rumor is percent of ticket is the new theme.

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Post ID: @4ret+152G8hI5

Well of course the VPs have done such a bang up job with the merger that didn’t go through costing 4 billion...they don’t deserve to be fired 🤔🙄

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Post ID: @2sul+152G8hI5

Most companies do this type of thing. i worked for major and when we had 3 rounds of layoffs in 2015-2016 the managers with little to no staff were all of a sudden getting staff positions usually in different groups or geographic areas. It is how they take care of each other, they do it everywhere. Funny was that many of them hadn't been in an actual staff role for many years (some up to 15-20 years) and I guess the thinking is they can just "get back into it". In that amount of time, you basically forgot most of the day to day things, especially in engineering. Oh well, can't do anything about it if you stay working for a large company.

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Post ID: @1cbw+152G8hI5

So does that mean you are now bottom plug? If the plug fits wear it

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Post ID: @1cuo+152G8hI5

VP’s are similar to Congress and Obama healthcare exempt.

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Post ID: @1ghe+152G8hI5

i did notice some “demotion” , managers to senior account rep?

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Post ID: @1qqb+152G8hI5

"Current Coordinator staffing will be demoted to hourly with no bonus".

Man I must be pretty low on the totem pole.
I'm already hourly with no bonus.

S—s to s— i guess.

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Post ID: @1cvb+152G8hI5

There are more managers left than workers

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Post ID: @1ojz+152G8hI5

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