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Halliburton says has cut 9,000 jobs in wake of oil’s drop

HOUSTON — Halliburton has cut 9,000 jobs in about six months and is considering additional cost-cutting moves as falling oil prices reduce demand for its drilling help.

That’s more than 10 percent of the Houston company’s workforce.

Halliburton Co. executives disclosed the job cuts Monday on a conference call with investors.

The company reported a loss of $643 million in the first quarter. Still, the results excluding write-downs and other one-time costs were better than expected.

In related news, Halliburton reports 1Q loss on costs tied to oil price slump.

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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