Halliburton reduces workforce by 21% in first nine months of 2015

In its latest quarterly financial filing with the US Securities and Exchanges Commission (SEC), Halliburton (NYSE: HAL) reported that the company has reduced its headcount by 21% over the first nine months of 2015.

The companywide workforce reduction was initiated to reduce costs and better align Halliburton’s workforce count with anticipated near-term activity levels. The 2015 cuts reported in this SEC filing amounted to approximately 16,800 jobs.  

At the time of the SEC filing, Halliburton’s termination (severance) costs related to the workforce reductions amounted to $308 million in 2015.

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