Thread regarding Baker Hughes Inc. layoffs

Uk cementing has done nothing for years now ! FACT. Simple as this can any cementing person in the UK tell us how many drilling or cementing jobs they are doing this month ??? I will tell you None. PP also no work. You think HAL will keep a division with no work ???? Get real people. HAL will drop the UK PP in an instant to keep their core.

ITs so funny how everyone blames BJ Services Pressure Pumping. Do you people not get it. There isn't any BJ leadership still with BHI. They were let go 3 years ago. It is all BHI Leadership running PP. There is no one to blame but BHI for the down fall of PP.

You may have a long wait. To wear Red. If ever.

Well said @ Pressure Pumping is Halliburtons Crown Jewel. BJ Services PP was a very strong competitor.

@ Mystic Nitro - read the same article you did; however, it would appear that you didn't see the correction at the bottom of the page regarding the 7,000 that BHI was planning to lay off. It stated that the 7,000 BHI figure or 15% of its workforce was the number of people BHI was laying off last year, not what it planned to lay off this year. Doesn't mean they won't eventually reach that number this year, but no one knows yet.

To Anonymous - regarding the same old sob story--are you letting us know that if you survive the merger and become part of Halliburton's team, you will refrain from defending BHI's old way of doing things?

Same old sob story from BJ, always crying, never our fault when things get tough. Grow up girls and do your job properly.

Still not buying the merger. EU still holding out. DOJ,... samo, samo. ONLY if crude suddenly jumps in price, but would still take 6 months to a year before any degree of certainty about a recovery would warrant a step like the merger of #2 and 3. Keep dreaming.

Complain all you want about our Pressure Pumping group but when we become Halliburton you will see that the Pressure Pumping group is King. I have not worked with the PP group since BHI purchased them but in the BJ Services days that group was a force to be reckoned with. The BJ Pressure Pumping group did not do a terrible job until our Baker Hughes managers tried to operate it like it was a slush fund and did nothing but run off the experience and knowledge. Those BJ managers are all now distributed everywhere including Halliburton and Schlumberger. It is Baker Hughes and their management teams fault it failed. BJ Services company would of greatly complemented Baker Hughes of it were ran correctly after it was purchased.

Could it be said ..... "Poor management decision to purchase pressure pumping"? Do they have short memories on how the O&G business cycles? And they were not competitive on pricing so the business was doomed. It's just hard to understand such decisions.

Yank fracking caused their own demise! Then the China slwdown made matters worse. And now Iran can legitimately pump 500,000 bbls per day into the flooded market. The nail in the coffin. The industry is going to suffer for years . We had it good. Now we oil workers feel serious pain and no jobs, loose house, cars, and some their family. Bye folks :(

PP is killing Baker. Should never have bought those lame bozos.