Thread regarding Halliburton Co. layoffs

Maybe the old timers 1940 -1980 had the vision of being diverse with several non oil related companies.
Then 86 came and they were sold off under the guise of
That company was not part of our core business
In reality it was to be able to pay for the oil service side of the business payroll.
Then we become 1
1 Halliburton one which when anyone asked why don't we buy this company or expand into work over as an example. The standard patent response from 1Halliburton was
That is not part of our core business.
Then shale boom more money coming in than even 1Halliburton could manage.
Lesar gets the board to enact s lemon clause afraid some company would buy our underpriced stock and take the money.
Imagine that
So BLD PLEP teams are instructed to buy buy with pie in the sky meetings with the big bosses CEO level.
This was like adding different strains of trees in the limbs of a redwood tree.
No vision of tech companies insurance transportation etc much like the good ol boys.
Then we have a drought that redwood and all of those smaller trees living off the the big tree just can't recover
What is the lesson learned?
Diversify outside the big tree?.
Continue to wait for a good rain?
The sad part is the 1Halliburton will continue with their playbook. It will grow as the work returns but not a one will determine how to make the smaller departments profitable. Instead the strategy will be to buy once again smaller service side companies.
The past decesions can't be overcome the ship can't be turned as the rudder has been locked into 1Halliburton way to long.

Don't leave out the hunts at the King Ranch!!! Though they bring customers....the same characters go year after year.... probably small taters in the grand scheme... but just do a search on sharepoint and you can find loads of waste.

The biggest problem is we have prompted the surviving SCMP to VP level while these are educated people the have no practical experience and their decisions reflect it

Eliminate HAL Academy, PLEP, BLD1, 2, 3.

Start by selling Manor Lake and unloading the corporate box suites at the half dozen stadiums across the south.

Don’t ask questions you don’t want the answers to sir.

Fortunately RES is excluded from layoffs. They’re deemed a “critical process”.

Smart processes over smart people, oh and you’re still around? Guess what?

I have managers that got their Business degrees from University of Phoenix that don't know sh!t about anything in manaufacturing. Hired in through the Good Ole Boyz system. I am sure that doesn't happen at the corporate level. When you have dumba$$e$ at higher level that all think alike YES SIR, THANK YOU SIR, YOU ARE RIGHT SIR then it's a train wreck waiting to happen.

Not a JM hater though. I like him as well his predecessor Dave Lesar. I still wonder how he did a 3.5 or (4.2) billion blunder. The direction was right but we ended up serving things on the platter to GE.

Why just cut the salary of executives. It’s time to show mirror to the useless people and cut their pay. Show them they don’t deserve it. There is so much fat in every rung of the Organization.

How about getting VPs in charge that have actually worked or a background with the technology they try to sell.... geesh, I heard the promise of Icruise for 4 years for a market that was never there and one that is disappearing.....but no, not gonna listen to us...Just hold the townhalls and tell everyone things are looking good for the rest of the year.

My suggestion is they should tell the employees how big are the cuts. Weathford is cutting 25%. Why can't big red do the same or at least say we are cutting these areas next week. So at least people know and don't have to worry about it. Let's take it a week at a time. A lot of stuff on this site is just made up.

I suggest Halliburton load all their sh– and get the f— out of United States, they don't want to be here anyway, us Americans will survive, but will they, they can chase the cheaper labor, I'll help them load.

I agree with you,

But seriously, would good would it do? No one listens, folks don't feel represented, so why put actual thought into wasted time?

People at least feel better just "b–chin" and realizing that they are not alone in their thoughts or woes.