Halliburton (HAL) has been laying off staff in recent weeks, with at least three of its business divisions losing between 20% and 40% of employees, Shariq Khan and Liz Hampton of Reuters reports, citing two sources familiar with the matter. The scope of Halliburton’s layoffs was not immediately clear, Reuters adds.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAL:
- Early notable gainers among liquid option names on August 27th
- Halliburton Secures New $3.5 Billion Credit Agreement
- Halliburton price target raised to $21 from $20 at UBS
- Halliburton initiated with a Buy at Melius Research
- ConocoPhillips awards Halliburton contract to deliver well stimulation services