Thread regarding Halliburton Co. layoffs

Will there be a need for layoffs?

Does it seem to you that more people are leaving here than have been laid off? Too many people I know have left lately. My impression is that there has never been a bigger exodus from here. When someone mentioned that they heard rumor about layoffs in the fall, I just couldn't believe it. Pretty soon there will be almost no one to cut anymore.

by
| 3028 views | | 12 replies (last )
Post ID: @OP+1bQe78te

12 replies (most recent on top)

Since Halliburton is designing and developing huge amounts of new products, there will be no layoffs!!
—————————

Bull Sh.t -Scammer. 😅🙈😅

by
|
Post ID: @pusx+1bQe78te

Post from TheLayoff.com

Buccees is a great place to work compared to Halliburton. So are Burger King and McDonalds.

by
|
Post ID: @nkyh+1bQe78te

More automation? Have you talked to anyone in warehouse or purchasing - no parts to build robots so get a bucket and shovel and welcome to cement PSL.

by
|
Post ID: @kpky+1bQe78te

No layoffs in near future unless chapter 7 or 11 occurs. The personnel currently there are last survivors who have received to perks with the current upturn and new employees rehiring leave within same month for better jobs with much better benefits, pay, and hours.

by
|
Post ID: @epka+1bQe78te

Halliburton personnel will not be missed. They have dated job skills and are considered “backwards” in their thought processes. Most are getting an upgrade by taking new positions at Buc-ees.

by
|
Post ID: @dlsl+1bQe78te

"Halliburton is developing huge amounts of new stuff"
Would you care to explain because from where I sit, in development engineering, I dont see this at all. Halliburton buys new technology, it doesn't spend money on developing it. If and when it does, it sells the new stuff before it's been qualified an then expects 2 yrs worth of work to be done in a matter of months. COPQ goes right out the ole window.

by
|
Post ID: @bmiz+1bQe78te

I would imagine financials would need to be tight. The stock has not picked up to 2019 levels yet and the rig counts in North America while better than 2020 are not better than 2019 and are roughly the same as the worst levels in 2016. Overall the trend is down so I would imagine some short term hiring for specific areas but the trajectory as a whole looks towards more automization with a smaller work force.

Also while the oil price has surged it does have to come down so if this is a high point it does point to the possibility of a worse low point being the new normal.

by
|
Post ID: @7dak+1bQe78te

Tell the guys in Victoria that there will be no layoffs, lol

by
|
Post ID: @5nfc+1bQe78te

It won't matter. With COVID being mostly over and the economy picking back up, anyone worth a darn is going to leave. Who would fear getting laid off from what's going to be left? It would be a blessing.

by
|
Post ID: @3oqi+1bQe78te

Since Halliburton is designing and developing huge amounts of new products, there will be no layoffs!! Halliburton is capturing more and more market share. Productivity has never been higher. Halliburton stock out preforms the industry and market. The future is bright.

by
|
Post ID: @1xsy+1bQe78te

"Pretty soon there will be almost no one to cut anymore."

There WILL always be layoffs, or rumours of layoffs, as that IS the stick that keeps the employees living in fear.
When Halliburton has NO "carrots" to offer, other than the same tired old "rah-rah" talks, and the meaningless buzz-words, then the employee becomes the target, and at some point you will stare in awe at someone who has eight years, then five years, then three, as anyone of those old-timers is being paid more, and has more benefits than what management deems 'profitable'.

by
|
Post ID: @1zeq+1bQe78te

Layoffs will have to occur. the stock price requires it after another drop to $20. Halliburton stock price has been sitting in the toilet and not moving upwards at all. No major drilling occurring while the price of gasoline at the pump continues to rise. The US big oil producers are not adding any additional rigs. There is another big expense coming in Oct with focal point so Halliburton will have to payout for the remaining workforce and in order to pay for that heads must roll.

by
|
Post ID: @tqt+1bQe78te

Post a reply

: