In an effort to help his Muslim brothers, Obama’s plan to rid America of energy had an uptick recently.
Halliburton announced on Tuesday that it would cut up to eight percent of its global workforce in response to crashing oil prices by OPEC, which is mainly the Saudis.
With about 80,000 global employees, the job cuts will affect between 5,200 and 6,400 workers.
“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,” Mayes said.
“The impact will be across all areas of Halliburton’s operations.”
The cuts announced by Halliburton follow similarly sized layoff plans announced by Schlumberger, Weatherford International and other oil-services companies. Most of these companies have a huge presence in Texas, specifically the Houston area. Don’t think Obama doesn’t see the added insult of sticking it to former Texas Governor Rick Perry, and Texans in general.
Leading oil companies have cut billions of dollars in planned spending for 2015 in response to about a 50 percent decline in oil prices since June. The cuts are hitting oil-services companies, which assist with well preparation, tracking and other duties in the oilfield for petroleum producers
If you are thinking, “This can’t be good for the economy,” then you are just being silly. Obama doesn’t count the jobs he kills, only the jobs he “creates.”
I’m sure he will figure out how to spin these layoffs as “good for economy,” sort of like illegal immigration.