Halliburton layoffs, on the record
Every job cut, severance charge and restructuring Halliburton reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 48,000 to over 46,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 48,000 | December 31, 2023 |
| 10-K for 2024 | over 48,000 | December 31, 2024 |
| 10-K for 2025 | over 46,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reports severance costs of 15 million dollars recorded in 2021 within impairments and other charges; no such charges recorded in 2023.
Word for word“During the year ended December 31, 2023, there were no amounts recorded in impairment and other charges.” 10-K for 2023
Our summaryHalliburton recorded severance costs as it rationalized global headcount to reflect growth expectations.
Word for word“These charges included $ 63 million in severance expense as we rationalized global headcount to reflect growth expectations in addition to a $ 49 million impairment associated with a strategic decision to market for sale a portion of our chemical business.” 10-K for 2024
Our summaryHalliburton recorded a pre-tax charge in 2025 mainly for severance costs, plus asset impairments, write-offs, facility closures and other items.
Word for word“During the year ended December 31, 2025 , we recognized a pre-tax charge of $831 million primarily related to severance costs, an impairment of assets held for sale, fixed and other assets write-offs, an impairment of facility closures and lease terminations, an equity in earnings loss, and other items, primarily related to legacy environmental remediation cost estimate increases .” 10-K for 2025
Our summaryHalliburton recorded a smaller pre-tax charge in 2024 that was mainly severance costs, plus an asset impairment, cybersecurity expenses and other items.
Word for word“During the year ended December 31, 2024 , we recognized a pre-tax charge of $116 million , primarily related to severance costs, an impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on a fair value adjustment of an equity investment, and other items.” 10-K for 2025
Our summaryThe company reported $299 million of severance costs within its 2025 charges, along with an impairment tied to facility closures and lease terminations.
Word for word“For the year ended December 31, 2025 , the charges included $ 299 million of severance costs, $ 224 million of an impairment of assets held for sale related to our chemical business, fixed and other asset write-offs of $ 115 million , a $ 53 million impairment associated with facility closures and lease terminations, $ 50 million equity in earnings loss, and $ 106 million of other charges, primarily related to legacy environmental remediation cost estimate increases.” 10-K for 2025
Our summaryThe company reported $63 million of severance costs within its 2024 charges.
Word for word“For the year ended December 31, 2024 , the charges included $ 63 million of severance costs, a $ 49 million impairment of assets held for sale , $ 35 million in expenses related to a cybersecurity incident, and $ 12 million of other charges, and were partially offset by a $ 43 million gain related to a fair value adjustment on an equity investment.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $315 million | $3.36 billion | — |
| 2017-12-31 | — | $647 million | $0 |
| 2018-12-31 | $0 | $265 million | $0 |
| 2019-12-31 | $172 million | $2.51 billion | $144 million |
| 2020-12-31 | $384 million | $3.8 billion | $350 million |
| 2021-12-31 | $15 million | $12 million | $47 million |
| 2022-12-31 | $0 | $366 million | $0 |
| 2023-12-31 | $0 | $0 | — |
| 2024-12-31 | $63 million | $116 million | — |
| 2025-12-31 | $299 million | — | — |
Halliburton has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Halliburton’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.