Business Briefs

Halliburton, BHI increase workforce size reduction estimates

July 28, 2015

While the merger of the two still is pending, both Halliburton and Baker Hughes are laying off more employees than predicted in response to the industry slowdown from lower oil prices.

Offshore staff

HOUSTON– While the merger of the two still is pending, both Halliburton and Baker Hughes are laying off more employees than predicted in response to the industry slowdown from lower oil prices.

Reduction tallies given in recently released quarterly reports indicate Halliburton plans to increase its cuts to 16% of the total workers and Baker Hughes plans to increase its cuts to as much as 21% of its total force.

Both of these numbers are greater than the number anticipated earlier by each company.

07/28/2015