Halliburton cuts the workforce amid the fluctuations of the oil industry

Hallibron, a provider of oil field services in the United States, is said to reduce its working power in response to the current economic pressures in the oil industry, according to what it said. ReutersQuoted from two sources with knowledge of the matter.

This step comes at a time when the sector is struggling with high costs, low prices and increased volatility.

Brent crude oil prices decreased by more than 10 % in 2025, and are affected by uncertainty over commercial policies around the world and increased production from the organization and OPEC.

The extent of the demobilization of workers in Hallibron has not been revealed.

However, the sources participating in the process indicated that the cuts were implemented over several weeks and affected at least three commercial sections, with employee discounts ranging from 20 % to 40 %.

Halliburton, which ranks third in the world in terms of revenue oil field services, did not comment on employee discounts.

Recently, the American Oil Company has announced The intention of reducing the workforce for it By up to 25 % to reduce expenses.

Oil field services companies such as Halliburton provide basic support for the oil and gas industry, including technical expertise, equipment and work in drilling and production activities.

As of the end of 2024, Halliburton had a workforce of 4,8395 employees, according to its annual report.

The company had previously indicated a possible decrease in its revenues for the entire year, noting that the activity in the oil and gas sector has decreased.

In a recent profit call, the CEO of Halliburton Jeff Miller noted that the natural scene of the oil field services sector has witnessed a major transformation compared to three months, which highlighted the slowdown in activity within North America and among major national oil companies elsewhere.

Miller said: “Clearly, what I see tells me that the oil field services market will be softer than I have previously expected in the short term to the Mediterranean,” Miller said.

“Halliburton cuts the workforce amid the fluctuations of the oil industry” that was originally created and published Marine technologyThe brand owned by Globaldata.

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