Halliburton Fires One Third Of Global Staff: “What We Are Experiencing Today Is Unsustainable”
by Tyler Durden
ZeroHedge.com
04/22/2016
In a brutally frank and painfully honest first quarter operational update, Halliburton president Jeff Miller poured freezing cold water all over the “oil is stabilizing, and everything is going to be awesome” narrative. After explaining that the firm has laid off one-third of its global employees, and pointing to the collapse in sequential revenues across every business unit, Miller exclaimed: “What we are experiencing today is far beyond headwinds; it is unsustainable.”
The Rest…HERE
