HOUSTON, Apr 21: Halliburton has cut 9,000 jobs in about six months and is considering additional cost-cutting moves as falling oil prices reduce demand for its drilling help.
That’s more than 10 per cent of the Houston company’s workforce.
Halliburton Co executives disclosed the job cuts on Monday on a conference call with investors.
The company reported a loss of USD 643 million in the first quarter. Still, the results excluding write-downs and other one-time costs were better than expected. (AGENCIES)
Follow our WhatsApp channel