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Halliburton cuts North American headcount

Joshua Mann
Halliburton cuts North American headcount

Houston-based oil field services giant Halliburton Co. (NYSE: HAL) cut its headcount in North America in the second quarter. Halliburton restructured its organization in North America to remove several layers of management, CEO Jeff Miller said on the company’s July 22 earnings conference call. The company also put away oil field equipment and will keep it in storage until it sees better returns, Miller said.