OK, so almost a month ago we said we’ll be reducing workforce for about a thousand people. Now, times were bad at the time, but things are getting even worse. I think the prices will go way down and this will halt most of drilling and exploration will be in shambles for a while. Don’t get me wrong, HAL is not the only one having issues right now. You saw SLB cut even deeper, BHI the same, so, pretty much everyone is affected. Even smaller players like Apache are cutting, in much bigger percentages than we do. I think most of the folks are in a 10% range, we are barely scratching the surface with 1,000 cuts (a bit over 1% of our workforce). Now, if you take a look at the land rig counts, we’ll see up to 20% drop, I think it’ll be even more but 250 rigs less is much less work to complete. Also, most of our customers cut Cap Plans for 1/3 and that’s going to hurt sales and there will be less projects. Garcia brags about cash we are generating but he’s not talking about what’s going to be happening down the road as we have less projects and all payroll remains the same. Good luck to all but I think that 2015 will be a year of layoffs for Halliburton.
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You cannot predict anything, things can turn tomorrow. If you were able to predict things you'd play the market and make a ton of money. You would not be posting on this site and wasting time by advising us.