What Halliburton Still Hasn’t Told You

The job cuts, the revenue dip, the internal churn... it’s all here.

You don’t drop $107 million in severance in a line item unless cuts are already underway. Most investors saw a footnote. I saw a blueprint.

Wall Street heard one thing… But what I heard in Halliburton’s earnings call was this:

“We will of course take action to address this near-term softness.” - CEO Jeff Miller, July 22 earnings call.

That’s the workforce warning. And it tracks exactly with what I told you back in April.

My Sequence 48 (S48) model indicator, built from historical layoff timing and internal job flow signals, was flashing red in March, showcasing a massive workforce change which is tied to that $356 million restructuring charge. I said 3,700–5,500 roles were at risk, and I called that using workforce architecture, not vibes.

Fast-forward to today’s Q2 results: the cuts are real, the numbers are starting to line up, and the verbiage by the CEO says it all… and I’ve got exclusive workforce data to prove it.

⚠️ This post includes full analysis, proprietary workforce data, and internal churn overlays available only for paid subscribers.

Want to see which roles were targeted, which divisions are being structurally torn apart, and what the heck is happening in HR?