Location: Houston, Texas, USA.
Based on news reporting.
Halliburton Company has announced layoffs affecting approximately 500 employees in response to declining oil activity. The layoffs are part of a broader trend in the oil industry, which has been facing challenges due to reduced demand and market fluctuations. The company is taking these measures to streamline operations and adapt to the changing economic landscape. The layoffs are expected to impact various roles within the organization, primarily in its Houston headquarters. This decision reflects Halliburton's ongoing efforts to maintain financial stability amid uncertain market conditions.
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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