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 shed some light.
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Started at the Canrig Magnolia facility today (15-20), probably hit the Willow Place offfice tomorrow and Friday. They always do each facility one day at a time.
We already had cuts, things will become even more accelerated
More layoffs are coming for sure. They started yesterday. I wish I had more info for you than that, but that's all I know.