Baker Hughes To Lay Off 7,000 Workers As Prep For Downturn - - Tulsa, OK - News, Weather, Video and Sports - |

Baker Hughes To Lay Off 7,000 Workers As Prep For Downturn

Posted: Updated:
File photo. File photo.
HOUSTON, Texas -

Oil services company Baker Hughes Inc. says it will lay off about 7,000 workers worldwide as it prepares for a downturn in orders.

The company is based in Houston but has facilities in Tulsa, Broken Arrow, Claremore and Sand Springs. There's no word yet on how many layoffs could impact Green Country employees.

Baker Hughes previously reported a record $663 million in net income in the fourth quarter of 2014, more than double its earnings during the same period of the previous year.

2/20/2014 Related Story: Baker Hughes Opens Research And Technology Center In Claremore

Leading the growth was the company's North American division, which posted revenue of $3.3 billion. But the company said in an earnings call Tuesday that it expects a "sharp drop in product sales" because of the low price of crude.

The layoffs represent about 11 percent of the 62,000-plus workers Baker Hughes says it employs worldwide.

The announcement comes after Schlumberger said last week it would reduce its workforce by 9,000 employees.

1/16/2015 Related Story: Schlumberger Declines Comment On Possible Layoffs At Bartlesville Facility

The Associated Press contributed to this report.

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.


Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.