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Frank's International reports layoffs at Lafayette location

Posted at 4:01 PM, Nov 19, 2019
and last updated 2019-11-19 17:37:49-05

LAFAYETTE — A spokesperson for Frank's International is reporting layoffs at its Lafayette facility.

Spokeswoman Alison Greene says there are about 600 employees at that location, and a "small percentage" of them were terminated.

According to Greene, the reason for the layoffs is because of Frank's "company-wide profitability improvement project."

The layoffs are apart of the broader efforts to streamline their organization.

Earlier this month, the company reported a ten-percent decrease in revenue for the quarter and a net loss of $23.8 million.