Thread regarding Halliburton Co. layoffs

more lay offs ahead?

Halliburton Posts $1.7 Billion Q2 Loss; Revenues Plunge
Halliburton said revenues fell 57% from last year to $3.2 billion as it posted a reported loss of $1.7 billion for the pandemic-stricken second quarter.

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Post ID: @OP+1621NtAx

14 replies (most recent on top)

Thanks Chesapeake for staying true to producing nothing but debt and I owe you’s.

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Post ID: @Nuyc+1621NtAx

Finally getting rid of Sperry to save some $$$$.

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Post ID: @1sju+1621NtAx

They’re about to save some money since Hal isn’t providing a company phone anymore.

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Post ID: @1iog+1621NtAx

Layoffs, salary cuts and possibly merging. Who says it has to be just one?

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Post ID: @kea+1621NtAx

Soon to be introducing the frac from home technology. Won’t need anyone on location. Next up, Pump down from home with Landmark.

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Post ID: @oqa+1621NtAx

$1.7 billion - πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

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Post ID: @csd+1621NtAx

Oh! We have the Azure (bright blue in color like a cloudless sky) coming as per last weeks press release by ChairmEnπŸ˜‚

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Post ID: @ohn+1621NtAx

I think they are done with the layoffs and they over did it. The worst is over and Exxon picking up Noble is the sign. The scamdemic is coming to an end by Nov. If Biden wins, the virus will miraculously disappear on Nov 4. If Trump wins, there won't be much mileage left for the Dems. My guess is HAL will have to start re-hiring seriously in early 2022.

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Post ID: @zuq+1621NtAx

Historically after every β€œnegative” earnings call the layoffs starts to happen

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Post ID: @xkd+1621NtAx

The other alternative to lay offs would be salary cuts.

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Post ID: @dwl+1621NtAx

There isn’t much more you can cut without affecting what little revenue we have left. I
mean there are several layers of management that you could axe but let’s be real that’s not happening. The peons have been pretty much gutted at this point. The only thing left would be to start shuttering entire facilities and if we do that we risk not meeting customer demands

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Post ID: @xwf+1621NtAx

Halliburton is an excellent company when oil is above $100

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Post ID: @dsj+1621NtAx

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