The company had previously signalled a potential decline in its full-year revenue, citing lower activity in the oil and gas sector. In a recent earnings call, Halliburton CEO Jeff Miller remarked that the landscape of the oilfield services sector has undergone a significant transformation compared to three months prior, highlighting a deceleration in activity within North America and among major national oil companies elsewhere. Miller said: "To put it plainly, what I see tells me the oilfield services market will be softer than I previously expected over the short to medium term." "Halliburton cuts workforce amid oil industry volatility" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness.