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Halliburton Cuts 5,000 More Jobs

Halliburton will cut 8% of its entire workforce or close to 5,000 jobs announced, the energy company based in Houston on Thursday. The new round of job cuts is to take place around the world over the upcoming weeks. It is the most recent evidence of a crisis confronting the oil industry in the U.S. as the prices of crude have dropped to lows of seven years. The industry has turned downward must faster than any had expected, said Dave Lesar the CEO at Halliburton and Jeff Miller the President in an internal memo to employees. The executives said... 
 
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