Thread regarding Baker Hughes Inc. layoffs

BHI will cut 5,000 heads in Q3

The goal is to shrink to less than 25,000 employees if the oil price does not pick up to $60/bbl by end of 2016

It is understandable... if we have no drilling jobs, no pumping, no fracking, how do we get funds to pay the bills ? !

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Post ID: @OP+Ivjo5DX

12 replies (most recent on top)

So someone in Norway is worried about t&e cards and payment and other BS. No one is worried about people loosing their jobs ....

SleepyWood - I like that ha ha ha

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Post ID: @5qgb+Ivjo5DX

12000 out of 37000 are managers and above? How f--- could be.

May be 10000 of 12000 are just BS

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Post ID: @2kto+Ivjo5DX

37000 is correct minus the 5000 till end of 2016, remaining then 32000 by end of 2016.

For 2017 ist too early to forecast.

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Post ID: @1gnw+Ivjo5DX

Martin and I both need a raise. Why do you think this company is still floating, it's not because of the workers. It's the brain power setting Houston that makes this a good company.

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Post ID: @jvq+Ivjo5DX

You get money by selling some of these properties

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Post ID: @vne+Ivjo5DX

You get funds to pay the bills by selling low value polyethylene waxes managed by fools.

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Post ID: @qfq+Ivjo5DX

BHI is the champion when it comes to managers directors and VPs cheese that crack head son of a bi*Ch only prompt and keep his a-- lickers

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Post ID: @uao+Ivjo5DX

There's life after layoff, kinda looking forward to it. Companies bullshit anyway, really no future for BHI the way it is currently run.

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Post ID: @bxn+Ivjo5DX

And another 12000 are managing nobody and nothing, but themselves. Truly scandalous. Just look at Stonywood. Should bloody well be renamed Sleepywood. Phew that's me moan for today.

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Post ID: @akj+Ivjo5DX

Of the 37,000 remaining, 12,000 are managers..!

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Post ID: @veh+Ivjo5DX

Chop Chop

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Post ID: @wkh+Ivjo5DX

I remember in November 2014, when the Merger announced, Baker headcount was around 62,000.

Now what number is it? 37,000?

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Post ID: @evv+Ivjo5DX

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