3rd Shoe Drops: Halliburton Lays Off Additional 2,600

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shoe droppingThe third shoe has now dropped. On Monday we told you that Schlumberger has cut an additional 11,000 jobs--20,000 total now gone--from the payroll (see Schlumberger Cuts Another 11K Jobs, 15% of Workforce Gone in 4 Mos). Yesterday Baker Hughes cut an additional 3,500 jobs--10,500 now gone (see Baker Hughes Follows Schlumberger, Ups Layoffs to 17% of Workforce). Today? Halliburton has admitted instead of cutting 6,400 jobs as previously announced, they've actually cut 9,000 jobs...

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