Layoffs, bankruptcies, and mergers: We're tracking how 22 energy giants from BP to Halliburton have responded to the historic oil price downturn Benji Jones 2020-12-28T21:07:18Z News of the layoffs, expected to be permanent, is spreading through the community that relies on the economic strength of the Houston-based company. HOUSTON, Texas (KTRK) -- Halliburton announced at least 600 employees will be laid off in Texas and Oklahoma. The layoffs impacted its location at 100 E Halliburton, Duncan, OK 73533. TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. Halliburton Faces Another Set of Layoffs. The job … 2 Min Read. GRAND JUNCTION– Two sources tell us there are big layoffs at the Halliburton facility on 32 Road in Mesa County. Halliburton's profits plunged to $75 million in the second quarter, down from $511 million during the same period in 2018. Commodities News. Halliburton also earlier furloughed 3,500 employees at its headquarters, the Houston Chronicle's Sergio Chapa notes, adding that according to data Halliburton … "The layoff is expected to be a permanent employment loss," Queener wrote in his letter. A notice filed with the Louisiana Workforce Commission and obtained by news outlets Tuesday says Halliburton permanently closed its facility in … A spokesman for Halliburton said Monday the Houston-based company … Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. Company officials attributed the layoffs to … Updated . The California layoffs are the fourth round of layoffs for the Houston oilfield service company. News, personal experiences, rumors and speculations about layoffs at your company. Halliburton, which is Houston based, has announced the mass layoff of 808 employees and that it will be closing its office in El Reno, an Oklahoma City suburb. Halliburton cuts more U.S. jobs, executive pay as oil bust deepens. Lack of production leads to layoffs or furloughs. Halliburton said the layoffs were necessary as it adjusts to less activity by its customers. The closures and layoffs are due to the coronavirus pandemic, which has cut global demand for oil and gas marking a historic industry downturn. Its revenues slipped to $5.9 billion from $6.1 billion from a year earlier. Hundreds of Alberta oilfield workers are expected to … Halliburton confirmed lay offs would be coming to the Duncan plant, and shortly after, people began sharing on Social Media that it started. Halliburton is not releasing the number of layoffs in Duncan, but … On Friday's Houston Matters: Halliburton layoffs, the nation's meat supply, lasting changes from the pandemic, The Good, The Bad, and The Ugly of the news, and connecting a … Service Sector: Halliburton lays off 650 employees in four western states Read more at uk.reuters news. By Liz Hampton, Shariq Khan. TheLayoff.com is live since January 31, 2009! Halliburton Company, one of the world’s largest oil field service multinational corporations from the United States headquartered at Houston, Texas cut 216 jobs. “We recognize that this decision will be a hardship for impacted employees, but unfortunately, this was a necessary decision to right size our organization to current market conditions,” Halliburton spokeswoman Emily Mir said in a statement. MIDLAND, Texas — Layoffs in the oil industry this year could be a sign of things to come in 2020. Commodities News. The layoffs are the latest sign of pain for Halliburton and the oilfield service sector, which is struggling to adapt to oil prices near a 20-year low. Halliburton office in east Casper. (KPRC/File) HOUSTON – Houston-based Halliburton has laid off 1,000 workers at its headquarters. Halliburton started the year with 55,000 employees across the world, but the workforce has shrunk to about 50,000 people, an April 24 filing with the … Houston-based Halliburton furloughed 3,500 employees for 60 days, having them work every other … Halliburton has laid off nearly 2,700 employees across Texas, Oklahoma, and Colorado since April, adding to a mounting toll of unemployed workers in the wake of a historic oil-price collapse. In this file photo, a sign is seen on a building owned by Halliburton in Houston. A company spokesperson said by email a total of 650 employees were laid off across its Rockies operations, including Colorado, New Mexico, North Dakota and Wyoming. Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of Workforce Development on April 28. The company informed Bill Hancock, the office’s rapid response and workforce services coordinator, that it did not expect the facility, consisting of offices, maintenance shops and a yard for vehicles, to remain open. Halliburton officials later confirmed that the Grand Junction layoffs were among 650 jobs cut in Colorado, New Mexico, North Dakota and Wyoming. By Liz Hampton. The layoffs are at Halliburton’s technology and manufacturing division in Duncan. Oil And Gas Expert On Halliburton Layoffs: ‘Change Is On The Horizon' News 9 Dr. Mary Teal teaches Oil and Gas Finance at the University of Central Oklahoma. A recent round of layoffs by oil giant Halliburton will have what’s being called 'minimal reductions' to the workforce in North Dakota, amid market conditions. Halliburton announces another round of layoffs April 9, 2020, 1:43 AM The oil company joined Halliburton and other major industrial players in the Houston area … – Oilfield service company Halliburton announced hundreds of layoffs on Thursday in a company statement. Halliburton is cutting staff as drilling rig activity declines in Canada and the U.S. Getty Images Article content. Halliburton provided notice of the layoffs Monday to Oklahoma’s Office of Workforce Development. (Dan Cepeda, Oil City) CASPER, Wyo. Updated . In latest hit to oil, gas industry, Halliburton lays off 130 workers at Fort Lupton facility Layoffs by oilfield services giant follows other cutback by industry in Colorado Halliburton cutting 650 jobs in U.S. as oilfield business slows. Halliburton Layoffs. Coronavirus: Texas-based Halliburton closing Broussard operation with layoffs William Taylor Potter, Lafayette Daily Advertiser 4/23/2020 Two toddlers dropped over a … Halliburton confirmed this week that the company is cutting 800 jobs in Oklahoma. "Yeah you have a lot of people," Kocurek said. The company has taken a dramatic hit caused by COVID-19 and an "unprecedented commodity price decline." 2 Min Read.