Halliburton Cuts Jobs as Oil Prices & Demand Pressure Industry

Key Takeaways Halliburton is cutting staff as falling oil prices and weak demand squeeze oilfield services.HAL's Q2 earnings dropped 31% year over year, with revenues pressured by softer North America.Layoffs hit 20-40% of staff in multiple divisions, signaling a broad industry slowdown.Halliburton Company (HAL) has reportedly begun cutting staff as the energy sector faces falling prices, rising costs and shifting global dynamics. The move follows a broader industry trend of layoffs as oil activity cools, l ...