Thread regarding Baker Hughes Inc. layoffs

After failing to get antitrust officials' approval, layoffs expected at Houston companies Rednex

http://www.houstonchronicle.com/business/energy/article/Halliburton-Baker-Hughes-end-merger-deal-7386975.php

Halliburton and Baker Hughes abandoned their merger once valued at $35 billion, setting the stage for more layoffs as Houston companies resume competition.

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why would they sell off now ?

BHI will get a heft bonus from HAL and needs to rehire it's talent. they cut so deep that they can't even run their business anymore and are loosing out on huge opportunities with the majors

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