Halliburton Cuts 1,000 Employees as Sanctions Slow Russia

Political turmoil from Russia to West Africa helped push 1,000 workers out of their jobs at the world’s largest fracking company.

Halliburton Co. plans to make the job cuts immediately in the Eastern Hemisphere as it strives to cope with an industry fallout brought on by oil prices at a five-year low, the Houston-based company said in a statement yesterday.