Yesterday I heard there is verbiage in the contract with Halliburton acknowledging the challenges facing the service companies, the outlook for dividends for 2015 looks bright. 2015 should easily set another record for cash dividend payment. The last... — read more 

Baker Hughes Laying off 20% of employees globally

What do you know about this round of layoffs, are you affected?

This is happening as I write this, but there are not comments here? Why?

Post here if you have any knowledge of layoffs in general. I am pretty sure we will not be the only folks with pink slips, the whole industry is shaking. In Houston real estate folks think the real estate prices will go down 10% next year, they are... — read more 

There is a perfect storm brewing here. With oil prices in free fall, a number of government moves that do not help, a fairly incompetent and greedy leadership with flawed strategies. We’ll see what happens, 2015 will be a very interesting year... — read more 

Baker Hughes has begun layoffs now that the acquisition has gone through.

do you have any thoughts on bonuses?

Do you guys think we'll have cuts if the acquisition goes through? Who do you think will be the most affected.

Possible cuts here: Baker Hughes, Centrilift, Baker Oil Tools, BJ Services, Baker Atlas

Anybody heard anything on this topic? I heard that Williston may be affected.

Anybody has more details about layoffs planned for the second half of this year? I hear that there will be a big reorganization and that we'll be letting people go.

More layoffs are planned for 2014... A month or so ago the first of massive numbers of layoffs for Finance, HR, IT... I'd say around 20% were cut. Get ready, there will be no other way to improve our financial position.