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Oil field services giant Halliburton shed another 4,000 jobs in the final three months of 2015, as the Houston-based company continued to aggressively cut costs amid the worst oil crash in decades.

With the latest job cuts, Halliburton has reduced its global workforce by 25 percent, a total of about 22,000 employees since its peak in 2014. And more cuts could be on the way if a recovery in crude prices stalls, company executives said Monday morning.

2016 is shaping up to be one tough slog through the mud and the industry is going to have to take it a quarter at a time,†CEO Dave Lesar said.

The company lost $28 million in the three-month period ending Dec. 31 due to impairment charges from asset write-offs and severance pay for laid-off workers.

Halliburton has continued to feel pressure from a global retreat from the oil patch. The company's fourth quarter loss of loss of 3 cents per share was down sharply from a $901 million profit, or $1.06 per share, during the same three-month time period last year, the company reported early Monday morning.

Still, Halliburton executives celebrated the company's performance, noting that its revenue, which slipped 28 percent, didn't fall as sharply as the 35 percent decline in the global rig count and worldwide spending on drilling and completions.

Instead of bouncing back as some had expected, crude continued to collapse in 2016, tumbling below $30 a barrel earlier this m...