Thread regarding Halliburton Co. layoffs

Layoffs done by September

Sounds like we will be done with layoffs by September to me. Looks like going forward will be mostly overseas.

With 75% of its planned cost cuts complete, Miller said “the rest should be done by the end of September, largely focusing on international markets and real-estate
holdings”

https://www.rigzone.com/news/wire/halliburton_looks_beyond_north_america-20-jul-2020-162769-article/

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Post ID: @OP+164rMq2T

22 replies (most recent on top)

Yeah right - layoffs are over till stock price and investors need a bump.

And great job Schlumberger - too bad Lesar knew nothing of M&A.

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Post ID: @Litp+164rMq2T

Miller just tells shareholders what they want to hear. Don't believe anything he says. He lies through his teeth. Same with Mark Richard. Neither are reliable.

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Post ID: @tlis+164rMq2T

You realize at $13 its more than doubled from 2 months ago. That means, to everyone else but you, high expectations. In fact its $14. Then what will blow your mind is all other stocks that have anything to do with oil. They all went down too!!!! Read a newspaper dumb–s!

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Post ID: @4upv+164rMq2T

Good luck. Not looking good. Hal at $13 No one has high expectations.

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Post ID: @3udv+164rMq2T

I know HAL is a fast follower. But this time, for lay-offs, I think 🤔 SLB is following us. I am not sure why they are taking longer this time around? SLB usually is the first one in the industry to lay-off

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Post ID: @3pur+164rMq2T

So your logic is that because our rival, who is 50% larger than us and also lost a billion more than we did in their last earnings call is laying off more people we will automatically do it too just to say we did it too? And I’m the stupid one?

The only reason to lay-off workers is to right size your company for the market not to compete for who can lay-off more people just because. Yes, when our CEO says to investors “we are almost done right sizing ourselves for the future” I believe him. You know why? Because that’s his job to run the company to make money for investors. It would serve no purpose to hide laying off workers from Investors. Investors like knowing the company they own is being ran by people that do what they need to to remain profitable.

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Post ID: @2cnt+164rMq2T

if you believe what they are saying on the calls you are freaking stupid. there will be more. it will be a race to see who can get the smallest as soon as possible. hal needs to consolidate all of the psls. way too many vp's around. soon everyone will be a vp.

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Post ID: @2hzj+164rMq2T

Precious poster, if you did any kind of research you would know that Schlumberger has reported that so far this year they have only completed 40% of their reductions, hence why they have 21K more to let go of. We are pretty much done according to the latest earnings report. We are 75% complete with just overseas and a few small real estate items left to complete ours.

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Post ID: @2cja+164rMq2T

Dream on Dreamer-Bye 👋 Bye 👋; Schlumberger laying off an additional 21K on 7/24/2020. 😂🙈😂

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Post ID: @2fix+164rMq2T

Please share his contact number. We will give a call. Our HR is so lousy we have to gather the contact details over here.

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Post ID: @2uuh+164rMq2T

Hello

Does anyone know what is happening to the scientists at North Belt? My friend had an interview scheduled for a Data Scientist job but has not heard from them.

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Post ID: @2nwx+164rMq2T

Most of northbelt only fills out reports to keep their bosses busy and happy. They are running HAL into the ground.

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Post ID: @1ime+164rMq2T

They will lay off everyone who can spell Halliburton. Left with no experienced millennials.

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Post ID: @1vnr+164rMq2T

You sound ticked off because they realized you s—ed at your job and did what they needed which was S can you. I’ll enjoy my weekly paycheck from Hal still. And if for some reason you have found gainful
Employment again why are you getting on a website related to Halliburton layoffs friggin loser.

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Post ID: @lvz+164rMq2T

"because someone is educated, has a white collar job and isn’t a roughneck they don’t make money for the company?"

  • Hi Mr. White Collar. I'm glad your company laptop and WFH capability make you feel empowered. But yes, they are generating what little revenue is left. You guys are so good at your job that they had to bring Microsoft and Accenture in to do it for you.

I’d argue there are far more people making money for the company than the very few field crews that are left. Yes at the end of the process there is a crew that has to run the tools but those tools wouldn’t exist without the thousands of other employees that had to do their jobs in order for that tool to get to the field and work properly.

  • In my nearly 10 years with the company I saw very little change or innovation in our tools or equipment. Most of what we have and use in the field was generated by white collar workers who were dumped by Halliburton like yesterdays garbage 20-30 years ago. Most of what happens now is just rebranding of the same old junk so you can have a job, and so that naive Wall Street analysts can be mesmerized by the word "digital" and adding "I" to everything. Can't wait for the iQ10 and iCruiseX.0. You're largely resting on your predecessor's laurels. Work Properly? That's hilarious. Very little of Halliburton's tools and equipment work as advertised. Good luck emailing or calling anyone in Houston for help when you need something outside of bankers hours. That was a problem way before COVID.

We ALL make the company money. Just because you turn a wrench at the END of the process doesn’t mean you are the only one that matters.

  • Ya the HR broads who never get laid off and everyone else WFH and watching p–nhub half the day are going to save the day! p–nhub is probably the only successful digital product that travels over Halliburton's network at this point.

Carry on Scientist!

Regards,
hTurd

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Post ID: @dhr+164rMq2T

Are you stupid or what, Miller just say sh– that sounds good at the moment, the crash gonna last for awhile! 👎

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Post ID: @gri+164rMq2T

You mean to tell me there’s more eyecruzes coming!? Can’t wait!.......

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Post ID: @hcm+164rMq2T

Yep, there’s tons of new tools coming out that are game changers!!!! Let’s count them....one....wait start over...

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Post ID: @fkg+164rMq2T

So because someone is educated, has a white collar job and isn’t a roughneck they don’t make money for the company? I’d argue there are far more people making money for the company than the very few field crews that are left. Yes at the end of the process there is a crew that has to run the tools but those tools wouldn’t exist without the thousands of other employees that had to do their jobs in order for that tool to get to the field and work properly. We ALL make the company money. Just because you turn a wrench at the END of the process doesn’t mean you are the only one that matters.

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Post ID: @edt+164rMq2T

When Joe B bans fracking in January pucker time. If you go to work and make $ for Halliburton you may be safe. Sitting home and watching Dr Phil isn’t making $ for Halliburton. Cupcakes you HAVE to work!!! You’re not entitled to a job!!!

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Post ID: @bkn+164rMq2T

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