Thread regarding Hornbeck Offshore Services Inc. layoffs

Hornbeck Offshore, I new it was going to happen

I was a former employee of HOS, even when the industry was clicking away at a fare pace, many employees, including myself, could not understand why their ego ran away trying to prove they could be the CHOICE of the industry. Any employee with knowledge of the service sector could see they were way over their heads with the new build program. They actually wanted to build as many as 3 times what they put out as of today. That talk was all over the fleet. I consider this strategy the down-fall of the company. Did they actually think they could compete with much better built vessels, and we know who that is, they own just about all the property in Fourchon. Feel sorry for all the mariners who will need to reconsider their careers. I consider myself lucky to be 2 years away from retirement, this industry was up and down for the last 35 years I have invested, and I'm sure it will never change.

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