Location: Houston, Texas, USA.
Based on news reporting.
Halliburton Company has announced significant layoffs affecting approximately 2,000 employees as part of a restructuring effort in response to ongoing industry challenges. The layoffs are set to take place in Houston, Texas, where the company is adjusting its workforce to align with current market conditions. This decision comes amid a broader trend of cost-cutting measures within the oil and gas sector, as companies face fluctuating demand and pricing pressures. Halliburton aims to streamline operations and improve efficiency, reflecting a strategic shift in its business model to navigate these turbulent times.
Halliburton Company cut 2,000 jobs as of October 1, 2023.
That is roughly 4.2% 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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