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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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.