 "Halliburton says has cut 9,000 jobs in wake of oil's drop")
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% of the Houston company's workforce.
Halliburton Co executives disclosed the job cuts on 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.
That's more than 10% of the Houston company's workforce.
Halliburton Co executives disclosed the job cuts on 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.