(MENAFN) Halliburton, the world's second biggest oil services company, said it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling global oil prices, The Peninsula Qatar reported.
The layoffs represent 1.25 percent of Halliburton's 80,000-person workforce and will take place in Europe, Asia, Africa, the Middle East and Australia, but jobs in the Americas will not be affected.
The US oil services company is in the midst of finalizing the acquisition of Baker Hughes, which agreed to be bought by Halliburton in November in a USD34.6 billion deal.
"The decision to eliminate jobs is never easy. Yet, we believe these job eliminations are necessary in order to work through this market environment," Spokesman said.
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