NEW YORK — Oil and gas drilling services company Halliburton said Tuesday that it will eliminate at least 5,000 jobs in response to falling oil prices.
The Houston company said it will lay off 6.5 to 8 percent of its staff, which represents 5,005 to 6,160 employees based on its total from the end of 2014.
The company said the cuts will come from all areas of its operations and that the moves are necessary because of the difficult market.
Halliburton did not provide any details on the timing of the cuts.
Halliburton, which employs people in Colorado, through a spokeswoman declined to provide information on cuts in specific regions.
Halliburton Co. cut about 1,000 jobs from its Eastern hemisphere workforce in December. Halliburton said the moves are not related to its pending acquisition of competitor Baker Hughes Inc.
Shares of Halliburton fell $1.13, or 2.6 percent, to $42.38 in afternoon trading.
Oil prices plunged 60 percent from June to January, although they have recovered some of those losses recently.
