This is a master thread about Nabors Industries layoffs? Any chatter, news or rumors?

This is a generic discussion thread to capture comments about potential Nabors Industries layoffs? Any chatter, news or rumors?

Share any updates you may have about Nabors Industries layoffs? Any chatter, news or rumors?

Make a prediction and tell us what you think about Nabors Industries Layoffs 2021? Any news or rumors?

Nabors announces salary reductions, cuts spending immediately: A recommendation by management to the Board of Directors to suspend the dividend on Nabors' common shares Salary reductions totaling 20 percent for each of the CEO and CFO, as well... — read more 

Layoffs happening at Nabors today

Any opinions? Discuss it here?

Do you know what are top three locations in terms of employee count? Also, how many work at Hamilton?

Is there going to be any reorg or Nabors Industries Layoffs in 2019?

I got let go today after over a decade and good reviews, so I have a feeling more will be coming.

Is Canrig Magnolia the only facility that had a layoff last month ?

Any new rumors floating around about layoffs?

When are the layoffs coming?

Rumours are coming out. Looking like another round is coming before the end of the year.

Do you know what a typical severance package is?

Halliburton, Schlumberger, and Baker Hughes have released their 2015 Q1 earnings report, and have made their announcements of cutting more of their workforce. Wonder how many more Nabors Industries cuts are coming? The earnings call tomorrow should... — read more 

Another round of lay offs happened yesterday. Everyone is holding their breath.

Nabors has been struggling to transform into a suitable structure for the future, the current organization, at least on the IT side is archaic, it cannot survive and lead the company into future. Upper management should be shaken, maybe the layoffs... — read more 

Do you maybe know what the severance package is. How many weeks per year of service and if it's capped. Also, do we know what's going on with health insurance.

Nabors' subsidiary Canrig let go of approximately 40 people today - and that's just the beginning of what the company has announced will be a 12% RIF (3600 people). Nabors is asking for voluntary resignations, encouraging early retirement, and... — read more 

Land and Offshore Drilling, Specialty, Directional, Equipment, Software/Tech – everyone will be affected by the downturn. I see prices dropping quite a bit so all of us should be ready. I hope all of you saved for this, we had a fairly good run over... — read more 

The plan is to have ~200 mil in savings by the end of 2014 - this will certainly require headcount cuts