Taken directly from http://m.seekingalpha.com/news/2658735-halliburton-baker-hughes-cut-workforces-deeper-bringing-layoffs-to-27k?source=google_news
Halliburton, Baker Hughes cut workforces deeper, bringing layoffs to 27K
Jul. 27, 2015 10:18 AM • SA Editor Carl Surran
Halliburton (HAL -1.5%) disclosed after last Friday's close it has cut nearly 14K jobs and Baker Hughes (BHI -1%) has laid off 13K employees since they began trimming their headcounts last year, several thousand more jobs than the companies had anticipated in April.
HAL's latest layoff estimate exceeds its April figure by 5K jobs, bringing its cuts up to 16% of its workforce from its peak of more than 80K last year, while BHI's estimate is up by 2.5K jobs, up to 21% of its headcount of 62K at the end of last year.
The world’s top four oilfield service companies - HAL, BHI, Schlumberger (SLB -0.7%) and Weatherford (WFT -1.3%) - have either cut or plan to cut 58K jobs this year in response to the collapse of crude prices.