Thousands and thousands of layoffs this past month, if oil drops another 50% expect hundreds of thousands of more layoffs.
Halliburton to cut up to 8% of jobs as oil falls
Karma Allen | @iam_karma
3 Hours AgoCNBC.com
22
COMMENTSHalliburton will layoff between 6.5 and 8 percent of its global staff as benchmark crude prices continue to tumble, the oil field services company announced Tuesday. As many as 6,400 employees could be affected by the decision.
"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 told CNBC in a statement. "The impact will be across all areas of Halliburton's operations."
Halliburton to cut up to 8% of jobs as oil falls
Karma Allen | @iam_karma
3 Hours AgoCNBC.com
22
COMMENTSHalliburton will layoff between 6.5 and 8 percent of its global staff as benchmark crude prices continue to tumble, the oil field services company announced Tuesday. As many as 6,400 employees could be affected by the decision.
"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 told CNBC in a statement. "The impact will be across all areas of Halliburton's operations."
