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

The company is also considering additional cost-cutting moves

Halliburton

APPTI 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% 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.

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First Published: Apr 21 2015 | 6:57 AM IST

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