OILFIELD services giant Halliburton is to lay off up to 8% of its global workforce to weather challenging market conditions, despite having last month posted a rise in annual profits.
In a move that had been forecast after many of its industry peers slashed jobs, Halliburton confirmed that it anticipates a headcount reduction of between 6.5% and 8% worldwide.
The Houston-based company had around 80,000 employees at the end of last year, which means between 5200 and 6400 people could be losing their jobs.
“We
