Houston-based oilfield services provider Halliburton Company will be implementing additional workforce reductions in addition to the 16,000 job cuts already made, according to an emailed statement to Rigzone.
An internal memo published Sept. 22 on investment advice website CapGainr, which was reported to have been sent to Halliburton managers across all verticals, revealed the company plans on additional staff reductions. The majority of the cuts will take place in North America – the region hardest hit by market conditions. Additionally, the company plans to “flatten the North America business by eliminating multiple layers of management.”
The memo stated employees who would be directly affected by the changes would be notified within two weeks.
Halliburton spokesperson Emily Mir confirmed that the company is “regrettably making further adjustments” to the workforce – primarily in North America.
The emailed statement said the company will “continue to monitor the business environment and will continue to adjust the size of the workforce to align with current business demands as needed.”
On Sept. 21, Halliburton announced it would lay off employees in Williston, North Dakota.
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