Thread regarding Halliburton Co. layoffs

More cuts before end of year?

read this in Yahoo finance today:

"Cost-Reduction Efforts Bode Well:The company steadily impressed with its cost-saving measures. Halliburton’s capital expenditure continues to fall as the company reins in its spending levels. For 2020, the company intends to lower its capital budget to almost half at $800 million. Halliburton is also pushing for a $1-billion cutback in overhead and other costs while netting in substantial savings from slashing its dividend. All these should drive the company’s earnings and cash flows higher."

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| 2461 views | | 7 replies (last October 20, 2020) | Reply
Post ID: @OP+17ruy9i7

7 replies (most recent on top)

Jobs are being transferred to Singapore - not sure if they are paid in pennies.

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Post ID: @5ekd+17ruy9i7

Until there is profitable a profitable quarter - layoffs are a given. Any jobs created will be overseas getting highly educated, third world employes working for pennies.

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Post ID: @4rmr+17ruy9i7

Eliminate what is not needed.

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Post ID: @3bsc+17ruy9i7

1billion since the majority of the Dave and Jim big supercamps are closed and for sale.
1billion in cost savings
My #2 pencil can’t figure out just how many more jobs that will be.

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Post ID: @2pjr+17ruy9i7

All R&D must stop. If the company does not intend to spend CAPEX to deploy new technology what is the point of R&D?

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Post ID: @1uol+17ruy9i7

Of course there will, these "cost cutting measures" WILL increase Jeffy's bonus. (And that is ALL that he is concerned about).

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Post ID: @has+17ruy9i7

Definitely could see this happening!

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Post ID: @vwy+17ruy9i7

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