Comment on Tulsa's Helmerich & Payne to lay off 2,000, citing weak oil market

Tulsa's Helmerich & Payne to lay off 2,000, citing weak oil market

Tulsa-based drilling rig maker and operator Helmerich & Payne Inc. expects to lay off 2,000 employees companywide, it announced Thursday during a conference call. The cuts, which are already beginning, are spurred by a reduction in rig use due to falling crude oil prices, CEO John Lindsay said during the earning call with analysts.

 

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