Halliburton to lay off 5,000 additional jobs

Due to the industry downturn, Halliburton plans to lay off 5,000 employees, or about 8% of its workforce, according to Reuters, citing company spokesman Emily Mir.

Reuters noted that Halliburton has already reduced its global headcount by 25% since 2014, which equates to about 22,000 employees.

The European Commission has delayed its decision on the proposed merger between Halliburton and Baker Hughes. The companies are still seeking to reach agreements with US and European regulators on proposed divestitures related to the pending merger.

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