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Halliburton To Cut Up To 6,500 Jobs As Crude Carnages To Crucial $50 Level
But everything was supposed to be fixed?
- *HALLIBURTON WILL CUT 5,000-6,500 JOBS: HOUSTON BUSINESS JOURNAL
WTI is tumbling down 5%, nearing the crucial $50 level...
As The Houston Business Journal reports,
Houston-based Halliburton Co. (NYSE: HAL) confirmed it will cut anywhere from 5,000 to nearly 6,500 jobs companywide because of slumping oil prices and the resulting decline in oil and gas exploration and production.
Halliburton said Feb. 10 it will cut 6.5 percent to 8 percent of its global headcount. The company reported having about 80,000 global employees last year, including 8,600 in the Houston region.
In a new email to employees, Halliburton Chairman and CEO Dave Lesar stated that no one is immune.
"We value every employee we have, but unfortunately we are faced with the difficult reality that reductions are necessary to work through this challenging market environment," Halliburton spokeswoman Emily Mir said in an email response. "The impact will be across all areas of Halliburton's operations."
And this won't help...
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Where are they going to find 6,000 Jobes? I don't think I know any Jobes. Where are they going to cut them is a better question.
Ya... tough to find 6,000 Jobes to cut... 6,000 Benjamins might be easier...
that should be good for another 65 spx points
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next
By Michael Snyder, on February 9th, 2015There is no truth to the rumor that they are going to cut back on Dick Cheney's baby meal allotment.
Nigger's gotta eat!
pods
Like I said in another thread, this is what happens when the economy is just TOO STRONG.
Companies are laying off people to encourage them to go out and spend all the money they've earned as a result of this strong economy.
And companies don't feel bad because we are creating millions of jobs a day, so they'll always be able to find work even with their eyes closed.
This is Bsh's fault because he's an oilman
Come on Cheney. Have a heart! Don't fire all those folks.
Man let that Nazi run shitpile of a company burn to the fucking ground. Talk about a corporation that runs on blood money. IG Farben redux
http://www.bizjournals.com/houston/morning_call/2015/02/baker-hughes-cut...
Yeah, it's hit here in flyover. I expect a firesale on duallies with welding rigs on the back here soon. That and gooseneck trailers hotshots no longer need.
This one's gonna leave a mark - bettin' on the come that isn't.
housing carnage 08, oil patch carnage 15. thank the cb ers, cause they are the root cause.
world wide keynsian stimulation brought this one on. otherwise oil would never have got to 100 and stayed there for 5 years.
guess, i'll just play the bottom come fall...
been out of the markets for 5 years, but this one looks like a sure double over next couple of years.
just play the hand delt and make some money on the comeback. patience on this one.
I hope you are trying to sound stupid, and that it doesn't just come naturally....
Oil price hurt by surging debt levels, says Bank for International Settlements
http://www.smh.com.au/business/markets/oil-price-hurt-by-surging-debt-levels-says-bank-for-international-settlements-20150209-139d1h.html
Oops, we didn't mean to say that. We retract are statement, gurgle, gurgle, the petrodollar system is sound, gurgle, gurgle… help me, I can’t swim.
How can crude carnage?
The real estate peddlers talking about housing prices going up in Calgary have been strangely silent..
Meanwhile as house sale listing explodes...
http://calgaryherald.com/business/real-estate/calgary-area-housing-start...
http://www.cbc.ca/news/business/calgary-housing-market-slows-way-down-1....
I live in a motel - I figure I save about $10,000 a month in unlost equity by doing this. Mid 2016 will be the time to look at getting in (unless of course war starts sooner).
Meanwhile Canadian Housing and Mortgage Corporation expects housing pricing to <climb...?>
http://calgaryherald.com/business/real-estate/cmhc-forecasting-house-pri...
CMHC I met a guy on the bus whose friend worked for these cons, they were pocketing the entire 'fee.'
You can follow the Zillow and Trulia in La Canadasites on MTBLURB.conjob
http://www.mtlurb.com/
I live in my van.
Is your van installed with a bidet toilet?
Thetford Curve
How can crude carnage?
Carnage is a verb now...
Moving up from the $43 lows to $50 is carnage enough for anyone.
Yep. Context:
"The cast of My 600 lb Life carnaged the dessert bar at the Sizzler to celebrate Amy's losing another 100 pounds. When asked how exactly she did it, Amy replied 'It was tough, but I finally decided to let the doc cut off that Shar pei of loose skin I had left."
pods
Got nothing on Greece...soon they are going to cut 100,000 or more...no money..no job...
Ya'll misunderestimated. She's talking about the trials of Job. It's a Biblical thang.
I'm sure that syntax works in some language. Sanskrit maybe?
I wanna know how this affects Darth Cheney?
He will get 5,000-6,500 candidates from which to select his next heart(s).
Hey. WTF.... didn't someone say the economy turned the corner and the long shadow is gone or something like that..... oopss... it was the narcissitic liar in chief fugepacker.... never mind....
It never mattered how many times God cut Job....he never lost his faith.
OMFG!!!!!!! obama Save Us!!!!!!!
Why is $50 a critical level? Because it's half of $100?
Actually, $50 is the crucial level.
$44 is the critical level.
$40 is the supercritical level.
At $32 there is a barely audible "pop" and the whole worlds economy comes to a complete halt.
$31.50 signals the end of Western Civilization.
The Obama Saudi Oil Depression
Martin Armstrong would say: Pi x 223 Years plus 300 Million Americans divided by the second fibonacci level of an undisclosed numerology only in his possession will result in 8.24. If you divide 8.24 by (Pi) and then again by something you will end up with 49.99, about 50.
OK, but how many Elliiot waves is that since Noah's Flood?
This information is only available to subscribers. Sign up here https://www.nsa.gov/
Just wait for the new FCC laws take place on internet taxation. We will just migrate to the alternative subterranean levels. MSM anchorman/ anchorwoman will read from teleprompter while jacking off under the news table desk with 5,000 viewers a day.
Media Ad sponsorship will take a nosedive. Just ask CNN, MSNBC, and CNBC. Google will also lose clout. Once Brian Williams is replaced, viewership will plunder. If you keep Brian, viewership will plunder. ABC is not news, rather a comedy hour of false tales. Suck it up progressive cunts. Hahahahahahaa.
Don't forget a day for a year.
Good point... and wouldn't $200 be even more critical?
I need about tree fiddy.
$200 would be lifesupport ICU.
Cause people are jerks. Hung up on arbitrary numbers.
Now go back and read last weeks Oil stories of how its bottomed and taken the dow back to near ATHs.
Look how desparate things are becoming:
Bitnet Partnership Opens Up 260 Airlines to Bitcoin Payments
You'd better confirm that number with the BLS first!
No need - the BLS has it covered with the new inverse mining/energy sector adjustment factor.
2 more layoffs: CEO and spokesperson.
Oil sector getting wiped out in O&G states while New England enjoys one of the Globally Warming episodes:
New England braces for more snow after snowstorm sets new recordshttp://www.foxnews.com/weather/2015/02/10/new-england-braces-for-another...
did anyone said recovery before me?
they might want to hold off on those pinkslips... USSA is about to declare war on ISIS and the rest of the islamofacists across the region / they'll get all blowuppy with Iraqi oil fields soon and with that production gonzo back come the $100+ prices
And then Uncle Sam can hire Halliburton to go over and rebuild and stuff...
They also hired many drones.
Tis a shame they do not use fuel like a B-52 bomber used to..
That would get the price of oil up.
Shit in 50 years at this rate we'll send over robotic insect that'll kill every insurgent in 10 miles with a microscopic injection..
BULLISH....IT . Remember kids, low oil, is good for the consumer.... Whoever they are.
Low oil at this point is like channel stuffing the consumer again right before another pump and dump.
the complacency towards gambling in risk assets is at lunacy levels right now...in my view worse than in 2000 as the problems are plain for everyone to see and there are no short-term solutions.
this market is begging for a correction, for the NY FED to let it go.
So are you telling me that 4 grilled cheese trucks should not be worth 100 million?
pods
If that company was valued at a billion, those trucks would be worth their weight in gold, literally.
wait for another war Jeb Bush can start, do they have 2017 calls yet?
Shale shit-cannings!
Hopefully, that swell guy Cheney is taking it up the ass.
Hey you have to seasonally adjust that. You don't put out raw numbers. They have to be massaged like DSK's cock before they are released.
Very bullish for the boyz on Wall Street.
Fewer jobs means more profits and higher stock prices.
The BLS will just make adjustments so these 6500 workers are specified as retired or discouraged.
Yes, more layoffs means less unemployment now in BLS land.
Just purchase serveral post office boxes in Iran. They won't fall for the same trick twice.
http://www.iranoilgas.com/news/current/
this should boost consumer confidence and cause stocks to rise even more
Don't worry Dick, your "consulting" salary will remain intact.
I am pretty sure the BLS is going to call BS on that fact.
BLS will bury this hiccup as a revised Agricultural worker adjustment. See how easy it is to make a problem disappear?
Global recession. Russia, France, and Germany in negotiations. The POTUS asleep at the frikkin' wheel. Commodity prices in the toilet. What year is this, again?
You guys do know that HAL and BHI have agreed to axe anything necessary to guarantee that their merger will progress, right?
Exactly.
Right, they've got stawk prices to support, the only thing that matters anymore!
Well CBS News called it last night on their broadcast when their ROTS (reporter on the spot) said gasoline prices are only going up from here, as she pointed out the upward swing in prices over the last 2 weeks, and suggested $2.60 a gallon by summer.
You can purchase gas in Charleston, SC at $1.99/gallon, 87 grade piss water. I use premium. Don't bother asking me what it costs, I don't care because you don't fill my tank, I do.
I'm thinking about all these college kids who are taking out education loans and busting their asses to obtain a petroleum engineer's degree. That sux.
Well the world needs cheese sandwich grillers too!
....almost 300 at the University of North Dakota alone; including my daughter--but she is a 4.0 Junior and is going to be doing her second summer internship with a major oil company in Houston this summer..........so far, so good. After that my plans for her include law school and an MBA.........she just doesn't know this--yet.
are you kidding? Ivy League law graduates cant buy a job - the entire industry has cratered. And no one but no one will hire a lawyer for anything except legal if they have a law degree. MBAs are almost as bad. A lot of recent MBA graduates have to settle for lower wages that they were making before going to school. A Masters in Finance? Maybe.
Fuck oil, fuck jerbs....we got STAWKS!
About to make the great depression the goode olde days.
I bet Cheney won't be missing his checks.
Fuck Halliburton and Dick Cheney for that matter. I want to hear more about the Volkswagon that gets 300 MPG... and why we don't have that in the US...
Exclusive: Tesla CEO threatens firings after dismal China sales -sourceshttp://www.reuters.com/article/2015/02/10/us-tesla-china-exclusive-idUSK...
(Reuters) - Tesla Motors Inc (TSLA.O) Chief Executive Elon Musk is prepared to fire overseas executives, people with knowledge of the matter said, after weak Chinese sales of the company's luxury electric cars cast doubt on his ambitious global expansion plans.
Tesla sold about 120 cars in China last month, one of the sources told Reuters, well below the company's aggressive targets. Musk has previously said he expected China sales could rival those in the United States as early as 2015.
Two top China managers left the company in 2014, Tesla said last year.
The sources, who spoke to Reuters over the past two weeks, were not willing to speak for attribution because of the sensitivity of the matter.
Tesla shares slumped 7 percent on Jan. 13 after Musk said China sales were "unexpectedly weak" during the fourth quarter. "We'll fix the China issue and be in pretty good shape probably in the middle of the year," Musk added at the time.
He was more blunt in an internal email to managers in late January, threatening to fire or demote country managers if they are "not on a clear path to positive long-term cash flow," according to two people who have seen the email.
It's ok this won't affect the unemployement rate because it's manipulated anyway.. Wack away HAL. That's not even 10 % of the employee base.
It's the shale miracle, bitchez!
All this blather about Cheney. He's not on the board of directors nor a corporate officer.
http://www.halliburton.com/en-US/about-us/corporate-governance/board-of-...
http://www.halliburton.com/en-US/about-us/corporate-governance/corporate...
All the job losses land at the feet of the fudgepacker in chief.
Graveheart,
actually it just demonstrates the quantity of shrill lefty clueless folk on ZH.
having a siezure over Cheney is SOP for them.
"If you want to keep your carnage, you can keep your carnage."
Fire the monkey.
She's all going to shit in Alberta and Western Canada.The Provincial deficits are rising high and big layoffs continue across oil and gas companies.The funny thing about it though is traditional news services on radio and TV are pretty much silent about it.Same with all the politicians.They're as quiet as mice.Very scary in a way that these useless basturds are so stupid.My brother lives down in Southern Ontario and he recently said that he couldn't tell the difference between pictures of the Ukraine and the run down industry near Windsor and London.The rust belt had moved up from Detroit and Cleveland.
They're laying off a few dozen per week, so that doesn't get reported to the Labor Relations Board and thus the media doesn't know either. After Suncor, nobody is going to announce layoffs in the hundreds or thousands, though dozens of companies laying off dozens do add up over time. Besides, just like ebola, it magically goes away if nobody talks about it....until it doesn't.