Halliburton Co. (NYSE: HAL) is laying off about 1,000 employees at its corporate headquarters in Houston.
The layoffs are effective immediately, a Halliburton spokesperson confirmed.
In a statement, the oil field services giant attributed the layoffs to “the unforeseeable, dramatic business downturn caused by the coronavirus and unprecedented commodity price decline.”
The statement also notes that the “reductions are in addition to layoffs across the company’s global operations. These actions…
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