Halliburton To Cut Up To 6,500 Jobs As Crude Carnages To Crucial $50 Level

by Tyler Durden
ZeroHedge.com
02/10/2015

But everything was supposed to be fixed?

*HALLIBURTON WILL CUT 5,000-6,500 JOBS: HOUSTON BUSINESS JOURNAL
WTI is tumbling down 5%, nearing the crucial $50 level…

As The Houston Business Journal reports,

Houston-based Halliburton Co. (NYSE: HAL) confirmed it will cut anywhere from 5,000 to nearly 6,500 jobs companywide because of slumping oil prices and the resulting decline in oil and gas exploration and production.

Halliburton said Feb. 10 it will cut 6.5 percent to 8 percent of its global headcount. The company reported having about 80,000 global employees last year, including 8,600 in the Houston region.

The Rest…HERE

This entry was posted on Tuesday, February 10th, 2015 at 3:28 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.