Halliburton Says Has Cut 9,000 Jobs in Wake of Oil's Drop

April 20, 2015 8:53 PM

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Halliburton Co. has cut 9,000 jobs — more than 10 percent of its workforce — in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling help.

Halliburton executives disclosed the job cuts Monday on a conference call with investors. The Houston oilfield-services company reported a loss of $643 million in the first quarter.

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