Thread regarding Baker Hughes Inc. layoffs

Dumping our drilling fluids product line is a no brainier. Long history of poor management, lack of vision and the stepchild of the company. The employees are capable and well trained but lack support. This would be a win-win for BHI and the employees. Ditto for our wireline group. Great technology and personnel but just another stepchild. Let 'em go!

One other suggestion; take any severance packages from our corporate "leaders" and use to retain what good personnel we have left. There is only one place you need look to for the failure at BHI, and that is it's leadership (rather the lack of) which in my earnest opinion is the director level and up.

Great News!! Now you better really start worrying about layoffs. What do you think Crackerhead was saying in his e-mail today, 500 million dollars and restructuring. That's not smoke and mirrors so you need to hang on tight because the bottom is about to fall out.

who is birnie ?, who is 40 year bully/,and who is ugly/, pray tell us, we all want to know, name names pleeeeeeeeeeeeeeeeeeeeez

Article I read had Crackhead stating Q1 loses due in part to unprofitable divisions they had to maintain due to merger agreement. If merger is cancelled, then BHI can cut more costs, meaning jobs, so be prepared.

Management wipe out garenteed

Happy Monday they must be crapping it . Yee ha cowboy

Both companies will begin additional layoffs this quarter, and they will continue until upper management believes that the remaining staffing is fit for purpose. Wet dream all you want folks, but the worst is not over.

Agree with those who posted that the layoffs will continue. Just because the merger has been called off doesn't mean the everything will return to normal and all jobs are safe. That $3.5 billion will likely go into pumping up the stock. Those layoffs and closings were not only a result of the pending merger, they were also a result of the downturn in the markets. Just look around you, every company is affected. More than likely BH will get leaner, there will be enough time to build back up when the market turns around again and enough experienced people ready to fill those jobs when needed.

You know nothing Jon Snow!

F---baker is absolutely correct. Now the real layoffs will start. What we've seen so far was just a warm up.

Big pay offs of managers in BOD,,,,,co co/birnie/40yr bully and the ugly get my vote

You're delusional if you think Crackerhead is going to let any of you peons get your hands on the $3.5 bln.

Can I now get a 2 year pay rise thank you very much ?

Now they really will do layoffs since they couldnt because what were they gonna sell halliburton equipment with no employees. Now since work is still slow and deal is off i see layoffs coming.

Congrats BHI employee, this is a wondeful news. This deal was only going to serve upper management with big plans and big $...........i think baker is a great company that should be run by engineers not by business peacocks

Bad stock let's wait until stock markets open the good news is go red blue no chance was never going to happen. MR DOJ thank you so much. And the other good news we now get our bonus in our next pay check

you realize the $3.5b will be needed to absorb the likely bad stock rating that Baker Hughes is going to have.

Best news ever now let's get this wonderful company back on track. One very happy employee

The announcement makes no mention of restructuring to save jobs. Restructuring will still be done to cut costs. Investment firm ValueAct, a 9% stock holder, may still push for BHI to be broken up and sold off in pieces.

Thanks for sharing this great news! I was really stressed out about my job.