Layoffs To Extend To Management
In an internal announcement, Halliburton has laid out plans to layoff positions in the management level. This will impact several senior-level employees who are employed at Halliburton. This is likely to be replicated by other oilfield services companies.
Rhiannon Meyers said in a recent article:
“Halliburton laid out a plan to “flatten” its North American business by eliminating multiple layers of management — a decision that will undoubtedly affect Houston-area employees where the company is headquartered. Halliburton also said it will pursue additional cuts to its headcount as oil patch activity continues to falter.”
HR Tactic To Slash Jobs
Yet another tactic used by managers to cut down jobs is force people out of the company through early retirement. Companies are not required to report these numbers. Many companies are adopting this tactic to cut down on employment numbers. The people who lose their jobs in this manner are the ones who struggle to find alternate employment.
Rhiannon Meyers said in a recent article:
“Also missing from the corporate layoff tally are the people have been forced out through early retirement, another common tactic used to slash jobs, Read said.
“They are trying to take people out of the business and reduce head count without doing a layoff, so they don’t have to report it,” he said. “But those are people who are genuinely losing their jobs.”
Many oil and gas companies are pushing employees out, through early retirement and targeting senior-level employees. Read this article to learn about the layoffs in the oil and gas industry.