Halliburton to slash 5,000 more jobs amid oil slump

February 25, 2016 7:31 PM

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Halliburton to slash 5,000 more jobs amid oil slump

REUTERS: Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday.

The more than 70 percent fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd .

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