Halliburton to Slash Up to 6400 Jobs

The second-largest oilfield services company, Halliburton, has confirmed it will lay off up to 8 percent of the company’s 80,000 global workforce.

It is anticipated that somewhere between 5200 and 6400 jobs will be cut, as yet another company falls victim to tumbling oil prices.

In an email statement for Subsea World News the company said: “Halliburton anticipates layoffs in the range of 6.5 to 8 percent of its global headcount. We value every employee we have, but unfortunately we are faced with the difficult reality that reductions are necessary to work through this challenging market environment.”

Halliburton says the impact will be across all areas of company’s operations.

“We delivered an excellent 2014, but it is clear that 2015 will be a challenging year for the industry,” said Halliburton’s boss Dave Lesar, earlier this year.

Furthermore, in January, another oilfield services major Schlumberger, announced cuts of 9000 jobs and Baker Hughes reduced overall headcount by 7000.

However, no layoffs have occurred or are presently planned as a result of the pending Baker Hughes acquisition, the company said in a statement.

Subsea World News Staff

Share this article

Follow Subsea World News


<< Dec 2017 >>
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >


This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >