Halliburton Co. said Friday that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield-services company that has reduced its workforce by one-third since late 2014.
The company revenue in the first quarter fell to $4.2 billion, a 40 percent decline from the first quarter of 2015. That's in line with the average analyst estimate of $4.2 billion, according to FactSet.
Halliburton has been slammed by the slowdown in drilling since oil prices began falling in mid-2014. It is more concentrated in North America than rival Schlumberger Ltd., and that has hurt it .... http://abcnews.go.com
