U.S. Well Services Inc.

Texas, USA
http://uswellservices.com/
Manufacturing

Layoff Date:

June 2, 2021

Laid Off Employees:

170

Laid Off Percent:

Source: Houston Business Journal
A Houston-based supplier of hydraulic fracturing equipment plans to lay off around 170 workers in Texas this summer due to changes within the market and at the company. U.S. Well Services Inc. (Nasdaq: USWS) informed the Texas Workforce Commission of the layoffs on May 24. The company said it is permanently eliminating 108 jobs in Pleasanton, about 40 miles south of San Antonio, and 63 workers in San Angelo, in West Texas, due to declining conditions in the oil and gas market. On the same day it sent the Worker Adjustment and Retraining Notification Act letter to the TWC, the company notified investors that it was selling certain diesel-powered hydraulic fracturing equipment to Alamo Pump Holdings for $21 million as it moves toward electrifying its fleet.
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