All last year as gas prices skyrocketed and people complained, I had the thought that prices might be high, but Duncan, OK was booming. People had jobs and were spending money. Toby and I counted six new banks built here in Duncan. I’m not sure why a town this small needs that many banks, but they sure seemed to be doing well. Housing had been doing great – partly due to the boom of Ft Sill. But with the fall of oil prices and as the recession became big news people began to worry. There were a few layoffs early on this year, but on Monday there were more. It was inevitable. It is the way of things in the oilfield. It has happened before and will happen again, but it is still unpleasant to watch. Oil and gas are a big industry here – and not just Halliburton. Halliburton is just the big dog in the game and therefore in the spotlight. Other companies like BakerHughes and Schlumberger have laid off people too, not to mention how hard hit the small companies have been. The above link has a good video.
With the first few layoffs, I sensed that Halliburton was trying to trim down – maybe get rid of the less productive people, but not layoff too many people – maybe each department was told to trim back excess. This week’s layoffs have taken a different turn. Sure, the weakest links were being laid off, but for some reason many of the big dogs went too. Retirement or near retirement people were laid off. On the one hand I can see H’s thought process. By firing someone whom has been working for you for over 20-30 years and making the big bucks, maybe it will save several lower paid employees. On the other hand it seems a bit disloyal. Here someone has poured his heart and soul into a company for over 20 years, and is expecting and planning on working ten more years – then bam – he is out. Rather than a 20-30 year old person out of work, it is a 50-60 year old person. Hopefully the older person has been wiser.
Toby and Jesse were not in the layoffs, but we have many friends who were. It is hurtful. So far, they seem in good spirits. As I said, layoffs were inevitable – some people were expecting it. Some were not. For me, I would rather pay higher gas prices and have all my friends employed and doing well.
Totally Off Topic
Not too long ago while friends and I were watching TV, an advertisement for Fast and Furious came on. I oohed and aahed over Vin Diesel. My friend Janice was horrified. She thought he was an awful actor and did not like him at all. She even remarked that she liked Dwayne Johnson much better. Give me a break! How can anyone prefer Dwayne to Vin? Vin is a hunk and I love the F&F series. I just watched a GMA interview with Vin and I have to say he is way better than Dwayne in body and acting and coolness. I am hoping Toby will take me to F&F so I can see it on the big screen!