An 8 percent cut in headcounts at Halliburton is a result of a weak energy sector and not an adjustment ahead of the Baker Hughes merger, a spokeswoman said. “Due to ongoing market conditions, Halliburton is further reducing its global workforce by approximately eight percent or about 5,000 positions,” spokeswoman Emily Mir said in an emailed statement. “We regret having to make this decision but unfortunately we are faced with the difficult reality that reductions are necessary to work through this challenging market environment.” The company in January reported a $28 million loss for the fourth quarter , against a profit from the previous year’s quarter of $901 million. Total revenue […]

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