Location: Houston, Texas, USA.
Department affected: multiple divisions.
Based on news reporting.
Halliburton Company has initiated layoffs affecting approximately 500 employees across multiple divisions in Houston, Texas. The decision comes as part of a restructuring effort aimed at optimizing operations in response to fluctuating crude oil prices. The layoffs are part of a broader strategy to enhance efficiency and reduce costs amid challenging market conditions. Halliburton's management stated that these changes are necessary to remain competitive in the evolving energy sector. The layoffs are expected to impact various departments within the company, reflecting a significant shift in their operational focus.
Halliburton Company cut 500 jobs affecting its multiple divisions team as of October 1, 2023.
That is roughly 1% of the 48,000 people Halliburton Company employs.
LayoffTalk has tracked 5 layoff events at Halliburton Company since October 2023, affecting a combined 3,850 employees.
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