Location: Houston, Texas, USA.
Based on news reporting.
Halliburton Company has announced a reduction in its workforce due to a significant slump in oil activity. The layoffs, which are expected to affect approximately 500 employees, come as the company faces challenges in the current oil market. This decision reflects the broader struggles within the energy sector, where many companies are adjusting their operations in response to decreased demand. The layoffs are part of Halliburton's strategy to streamline operations and remain competitive during these challenging times. The company is headquartered in Houston, Texas, and continues to navigate the fluctuating landscape of the oil industry.
Halliburton Company cut 500 jobs 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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