NAL to reduce frac and support in third quarter. Layoffs of front line frac and support employees is to continue as a direct result of the dreadful mismanagement of the company. Investor confidence is still declining and the only tool the nitt whits have is to restructure downwards. Bail if you can, only good ol boys and protected classes will be left. Who wants to sort that mess out?
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my word, good show old boy, good show i say jeffery, a proactive stance must be maintained and bold decisions made, such a brave young man. hrumpfh, huzzah, huzzah, huzzah. Now remember to plan forward as you ramp the company down to coincide with the alternative energies the next five to ten years will certainly produce, and as discussed anticipated shortages. The company can very well be structured into a management enclave only with all job functions outsourced to lower impact and respond to market fluctuations in real time. Outsourcing HR duties and accounting will, yes be that major step towards cost cutting, going well beyond the low hanging fruit. Oh what exciting times the future holds young man, it can only be up from here. I say to you go get ‘em you bulldog you. Huzzah Huzzah Huzzah !!!!
It’s to bad that almost all of our competitors are booming because they don’t have the huge overhead. Maybe we should charge competitive rates and get all of our crews in the field and dump the redundant nonessential employees like a real business would do. Oh! I forgot we don’t have any real business leaders in Halliburton because everyone rode the buddy ladder to the top.
Let's all give Jeff a hand for the great job he is doing to justify the millions he is getting paid and leading us into the abyss. Get use to this. This is the new normal in oil and gas. In 5 years when electric /hybrid automobile ramps up. Demand for oil will dwindle to a trickle. You can see it Dr m engineering to the workforce at Halliburton. More contract engineers from Tech Mahindra more contracted workforce assemblers. The end is near. Don't cling on to the dinosaur, bailout of the Titanic b4 it sinks
We lost quite a few today and they are rearranging the crews to compensate.
3.5 BILLION! Incredible! Billion dollars!!!! it boggles the mind, oh the stupidity
Yeah the 90+ VP's. And then cut HR way back and productivity would immediately improve. But when you have an accountant for a CEO what do you expect? No matter how many times he subtracts and devides his beans, he can't make more of them. We'll keep seeing revenue generating people let go and it will be a big mystery why this doesn't make revenue go up.
They will slow walk you out the door, and depending on if they offer you anything require you to sign a Non-Compete....seen a lot of experience walked out lately, but if you have the right sponsor, your good to go, and have nothing to worry about...How about we walk out some of the non-sack ripper VP’s making the decisions...
It would be hard to guess, but ihab to many many hundreds if not a thousand-ish. By slow walking the work force reduction the way they have they manage to keep it out of the news. I'll bet it's an astonishingly large number though.
I wonder what the total number of layoffs are for 2019 company wide?
The Good ‘Ole boys and protected classes are experiencing the cuts also.