Today in the Houston Chronicle, Baker to cut 7000 jobs. When will Weatherford announce their number?
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We announced that we'll cut 7,000 positions in 2014 which was taken care off. This was announced in January 2014. Now, what's going to happen with 2015 layoffs that's a different story.
We announced major cuts long time ago. I do not think Baker is cutting due to Oil prices, they just do what they have to do to get ready for HAL