What y’all think of the mass-email we got about taking our vacation ASAP??? Is it because another layoff is in the horizon?
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It isn't only HAL that does this. Next it will be furloughs or force vacation. As already mentioned, it allows the company to reduce an accrued liability. It kind of s—s, but if you want to stay in business then you gotta do what you gotta do. Times are tight in the oil patch and oil companies are still squeezing service companies for every single penny they can. The only quick way service companies can reduce costs is by eliminating people or reducing compensation. Forced vacation is only a short-term fix. Unless the government starts to approve drilling permits in GOM you will likely see layoffs starting soon for people in that location.
Lots of rumors about an upcoming layoff
"What y’all think of the mass-email we got about taking our vacation ASAP??? Is it because another layoff is in the horizon?"
Management would NOT be pushing that, IF, (and there always is), another "layoff on the horizon", because they can lay a person off, and take away the money owed the EX-employee for his/her "unused vacation".
Why pay, when they can save the money by taking it away?
A $20 copay is what I use for vacation
Only take vacation on off days. Otherwise you lose and Halliburton wins.
Just bring in your imaginary friends for an imaginary work
Spot on @xsi+19MoGptW!
Its because they have to accrue the vacation charges as a liability on the books. All Halliburton does is cook the books and move money around to look profitable- they want to reduce that liability so ask you all to take vacation. The company is basically floating in the ocean with no chance of being attractive to investors. Get out ladies and gents- there are way better opportunities out there. it paid well 15 years ago....but doesn't any longer.
Its because Halliburton is not attracting enough candidates to fill all the positions they have open & price of oil hitting $70 per barrel yesterday March 8, 2021; their going to get busy & they've screwed themselves-by not having enough new hires & younger people like you & me not bringing in our friends to work for these "under paying bums" 😅🙈😅