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Weatherford International Ltd. Layoffs

Messages relating to layoffs at Weatherford International Ltd. are presented below the company info.

Weatherford International Ltd.

Company information:

Industry/Area of Activity:
Oil Equipment, Services & Distribution
Company Stock Ticker:
WFT
Stock traded at:
NYSE
Industry Code:
573

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Posts regarding layoffs at Weatherford International Ltd.

Go to thread Anonymous33489, Friday 09/05/14 00:47:12 UTC

immediate risk has passed

The immediate risk has passed.... Until next time. Damage to WTF's reputation will linger for some time I fear. I see we're hiring like crazy again - but, then, are we going to be able to recruit anyone decent?
Reply to this post | This thread: 62 views | 1 reply
Go to thread Anonymous19940, Thursday 07/10/14 08:17:09 UTC

Is it over ?

Is this madness over?
Reply to this post | This thread: 378 views | 2 replies
Go to thread Anonymous17789, Thursday 07/03/14 22:42:05 UTC

Canadian Ampscot Employee

Hello does anybody know if the plant in katy texas is producing ampscot pumpjacks or are they only producing maximizer jacks?
Reply to this post | This thread: 20 views | No replies yet
Go to thread Anonymous14076, Tuesday 06/24/14 01:08:21 UTC

Management does not care one bit about staff

That pretty much sums up my experience here at Weatherford. I can get long hours, layoffs, backstabbing, etc... I can get everything, however, when your leader gives no sh*t about you something went terribly wrong.
Reply to this post | This thread: 158 views | 1 reply
Go to thread Some Gut (Not there anymore), Thursday 05/29/14 14:33:22 UTC

Weatherford Probability Of Bankruptcy

Based on latest financial disclosure Weatherford International Ltd has Probability Of Bankruptcy of 49.39% in the next 2 years. This is 5.44% higher than that of the Basic Materials sector, and 18.9% higher than that of Oil and Gas Equipment and Services industry, The Probability Of Bankruptcy for all stocks is 25.13% lower than the firm.
Reply to this post | This thread: 755 views | 4 replies
Go to thread Anonymous10382 (Aberdeen), Wednesday 05/21/14 13:59:22 UTC

Weatherford is the pits

Hi, I have seen so much here that I cannot fathom why I have stayed. Management does not care one bit about staff and the life-changing impact many of their decisions have made to colleagues. A culture of fear rather than 'all in it together' is flowing through the company. I am handing in my notice this Friday - simply to get out knowing that there are jobs out there and having a shorter notice period may well help me. I fully understand cutbacks, etc - as it happens within any company (and is healthy) but the oil price is pretty good and I can only imagine how deep the cuts will be in 1 or 2 years when it slides again and the company needs to 're-size'........ again. One worrying thing is it's being re-sized for an oil price of over $100 per barrel.
Reply to this post | This thread: 437 views | 3 replies
Go to thread Anonymous8560, Sunday 04/27/14 18:42:34 UTC

Weatherford big company with unprofessional Managers.

Weatherford lays off is big drama in the hand of unprofessional managers. They are laying off the people to save their interests without doing good to the company. The management is happy for a small increase in their stock without any visionary future. The guys who are responsible for this turmoil in Weatherford are posing themselves champion by making the wrong decisions towards the lays off. I have been witness of this drama and knowing few managers, it is really hard to believe that how Weatherford is surviving. These Managers are keeping the people who can works like their pets and nothing more than that.
Reply to this post | This thread: 411 views | 3 replies
Go to thread Anonymous8535, Saturday 04/26/14 16:22:59 UTC

56% Complete

WFT reported yesterday that they have eliminated 56% of the scheduled layoffs and that all other positions to be done away with have been identified with names attached to them. Partly as a result, WFT stocks rose sharply. Wow. People are losing their jobs left and right and the most important thing appears to be stock prices. An HR person told me that all the layoffs had been done except for a few. They still have at least 2300 to go as well as closing about 30 shops and offices as well as divesting another 750 million dollars worth of business to concentrate on "core" businesses. At the same time, they are moving the Swiss headquarters to Ireland because of limitations on executive pay. I was an idiot to believe her and my managers who said that I was safe.
Reply to this post | This thread: 351 views | 2 replies
Go to thread Anonymous7330, Monday 03/31/14 16:49:49 UTC

North Dakota News?

Does anyone have any information on employees in North Dakota? I have heard but have no confirmation that the company is pulling out of the state entirely. Anyone know for sure?
Reply to this post | This thread: 55 views | No replies yet
Go to thread Anonymous6764, Thursday 03/20/14 15:19:03 UTC

Severance (learn from my mistake)and be prepared.

I was laid off 4 days before the end of a pay period (salaried employee). I was told I would also be paid 2 weeks pay since I had been employed over two years. I received my last paycheck and it was my normal pay with regular deductions. My severance check had deductions for pay (meaning I was overpaid because I was laid off four days before the end of the pay period) and had to pay the company back for those days I was not with the company. Also my two weeks pay was exactly that (10 paid days)and not a full check. I didn't realize as a salaried employee I would be deducted pay for those days nor did I realize that two weeks pay was literally 10 paid days. So, if you happen to be laid off realize and prepare that your severance pay may be deducted for being over paid if you are let go before the pay period ends. I also only had 4 days of insurance left as it ended at the end of the month. If you have expenses make sure you close out your p-card expenses and approve your statement. They may go unnoticed otherwise. Hope this helps anyone else affected by layoffs. God bless.
Reply to this post | This thread: 348 views | 2 replies
Go to thread Anonymous6359, Wednesday 03/12/14 06:54:14 UTC

I wonder if WFT will cull some fo the Management?

I wonder if WFT will start cutting some of the top mamnagers or managers in general. There was that email about Nick Gee leaving so he has obviously been fired but there are really a lot that should have known about the issues and stopped them. I mean there appears to be a large amount of Managers in this company, and from what is happening, they don't seem to be doing a very good job...
Reply to this post | This thread: 985 views | 5 replies
Go to thread Anonymous6353, Wednesday 03/12/14 04:45:46 UTC

Australia Layoffs

Heads are rolling in the office, mainly out of Shared services (HSE,Admin,Contracts) - Hard times & Bitter hearts, I hope Shareholders will be happy with what they brought on the company, capitalizing on employees paychecks as an easy way out of WFT mishap with Sanctions, Bribery, Tax evasion and loss of lawsuits.
Reply to this post | This thread: 306 views | 1 reply
Go to thread Anonymous6255, Monday 03/10/14 20:15:24 UTC

Any new news?

This site sure has been quiet the last few days.....
Reply to this post | This thread: 910 views | 12 replies
Go to thread Anonymous6024, Thursday 03/06/14 16:50:09 UTC

Outplacement help?

Hi, Has anyone heard of the company offering to help anyone to find another job through outplacement services/putting folks in touch with the recruitment agencies it deals with?
Reply to this post | This thread: 230 views | 2 replies
Go to thread Anonymous6023, Thursday 03/06/14 16:47:55 UTC

HR Ax

Folks in HR seem to view this as being 'the time when they earn their money'. All seems very transactional & impersonal/numbers driven. From the other side, it feels like they should have been earning their money by providing better service and guidance before now by being closer to managers. That's not to say anyone would have listened. BTW: I don't blame HR for this situation. They aren't revelling in it - more being encouraged to swing the ax around their heads in a way that doesn't inspire anything other than a feeling you're just a number.
Reply to this post | This thread: 146 views | 2 replies
Go to thread Anonymous5919, Wednesday 03/05/14 02:42:43 UTC

Fun Fact

As a former employee in the Calgary region, its pleasing to know the company spends 50K per year on donuts. Money that could have well gone to keep someones job around, i wonder how many more of these types of cuts could have been made?
Reply to this post | This thread: 358 views | 1 reply
Go to thread Anonymous5838, Tuesday 03/04/14 06:34:37 UTC

Weatherford PC Calgary Layoffs

Small cuts happened today, three people were let go at PC calgary
Reply to this post | This thread: 297 views | 1 reply
Go to thread Anonymous5830, Tuesday 03/04/14 01:57:18 UTC

Weatherford Canada Layoffs

Any info on how Canada will be treated in the layoffs? I heard that some folks were let go already - I am very anxious
Reply to this post | This thread: 388 views | 2 replies
Go to thread Anonymous5760, Monday 03/03/14 06:22:11 UTC

1000 people have been laid off

It looks like since last week a 1000 people have been laid off.
Reply to this post | This thread: 688 views | 4 replies
Go to thread BOP (Janitorial ), Sunday 03/02/14 22:36:06 UTC

Math not strategy.

Reply to this post | This thread: 56 views | No replies yet
Go to thread Anonymous5583, Friday 02/28/14 12:23:22 UTC

Recruitment

All this - and yet, there are over 500 positions still advertised externally (go to the careers page of our external website and simply click on 'search' with no criteria chosen). Many of these roles look like they could be filled by folks with skills on here that have been laid off. No thought for people & their lives. Farce.
Reply to this post | This thread: 711 views | 7 replies
Go to thread Anonymous5576 (severance package), Friday 02/28/14 09:31:36 UTC

How long does it take.

For anyone who has obtained a severance. How long after being laid off did it take?
Reply to this post | This thread: 536 views | 4 replies
Go to thread Anonymous5533 (HERE), Thursday 02/27/14 15:55:16 UTC

FACT

4 FROM ALVIN WAREHOUSE AND 13 FROM PEARLAND PP/TUBING...THIS WAS ON TUESDAY.
Reply to this post | This thread: 124 views | 1 reply
Go to thread Anonymous5494, Thursday 02/27/14 05:27:34 UTC

Q1 downsizing

We have made significant progress on this front with 6,192 positions already identified for termination starting the end of the first quarter with estimated annualized cost savings of $466 million
Reply to this post | This thread: 694 views | 7 replies
Go to thread Anonymous5484, Thursday 02/27/14 03:02:20 UTC

RE:Severance Pay

I havent been axed yet i guess its due to haveing steady customer but expenses were cut and thats got to be very bad for field hands working out of town,i hope you guys getting axed get your severance as promised and quickly, there are doubts in my mind due to company owing tax money and fines still,maybe i need to jump ship and take customer with me,good luck to all with your next employer maybe you wont be just a number
Reply to this post | This thread: 50 views | No replies yet
Go to thread Anonymous5463, Wednesday 02/26/14 23:16:12 UTC

IT Dept

The IT Dept has already been hit several times...Seems like they are coming every few days...10 here, 10 then...just hurry up and do it already. Tired of playing this little game and waiting. if you gonna lay us off, then just do it already. I wonder how they pick who will be laid off?
Reply to this post | This thread: 289 views | 3 replies
Go to thread Anonymous5423 (N/A), Wednesday 02/26/14 17:03:25 UTC

Sad day

It's a very sad day at SJP.
Reply to this post | This thread: 628 views | 9 replies
Go to thread Anonymous5397, Wednesday 02/26/14 09:28:20 UTC

Petroleum Consulting Massive Hits - Early March 2014

That's what I heard, many rumors flying around - this affects all of us here at Weatherford, however this seems not to be a rumor, I talked to a fairly senior person in Consulting
Reply to this post | This thread: 448 views | 5 replies
Go to thread Anonymous5368, Wednesday 02/26/14 03:38:28 UTC

Some random employee

The parting of the Red Sea begins.
Reply to this post | This thread: 178 views | 2 replies
Go to thread Laid off This week (Some Department @ SJP), Tuesday 02/25/14 20:15:12 UTC

Spent over a decade working for th4e company. Nice company, was given a 9 week max severance.

Reply to this post | This thread: 270 views | 1 reply
Go to thread Anonymous5261, Tuesday 02/25/14 16:47:10 UTC

Gulf Bank

20 Laid off from the Gulf Bank office.
Reply to this post | This thread: 270 views | 4 replies
Go to thread Anonymous5075, Monday 02/24/14 18:11:23 UTC

JFK

6 good people lost at JFK today. They will be missed.
Reply to this post | This thread: 201 views | 2 replies
Go to thread Laid Off Techie (Well Completion Technology ), Monday 02/24/14 18:00:46 UTC

I just got laid off this morning, after being permanent for just 7 months.

They told me I was part of the 7,000 employee reduction. 2 weeks severance. I was doing IT work - special projects, MS Access, VBA, SQL.
Reply to this post | This thread: 63 views | No replies yet
Go to thread Former employee (corporate), Sunday 02/23/14 14:37:15 UTC

How Weatherford lays off employees

I was laid off last year from WF's SJP location. I had been there for many years. WFT likes to ride below the radar and layoff people in amounts that don't raise a lot of attention. There is never going to be thousands let go all at once. It will be 20 here, 20 there, maybe the next month it's a little more or a little less. Regarding IT, the people are great, but they are worked to death. in 2010, i think, there was a large layoff that got rid of a lot of IT, leaving a bare minimum. WFT outsourced the IT issues to India and employees HATED it. It was terrible. I suppose they have been ramping back up, but IT was one of the first cuts.
Reply to this post | This thread: 169 views | 1 reply
Go to thread Anonymous5023, Sunday 02/23/14 07:42:47 UTC

is weatherford a good company to work for

ewcently applided, I work in IT, any comments
Reply to this post | This thread: 256 views | 2 replies
Go to thread Anonymous4920, Friday 02/21/14 23:19:54 UTC

What will happen when we let go a thousand or two

This is peanuts now, and it hurts so bad. Cannot imagine what's gonna happen when thousands are let go. Imagine that mayhem!
Reply to this post | This thread: 19 views | No replies yet
Go to thread Friday (Who Cares), Friday 02/21/14 14:31:17 UTC

Some sort of

I heard atleast 50 people so far this week at SJP. No specifics tho. Looks like mostly admin/coordinator support kind of roles.
Reply to this post | This thread: 37 views | No replies yet
Go to thread Anonymous4862, Friday 02/21/14 01:12:19 UTC

No downsizing info on St James Place.

Sorry
Reply to this post | This thread: 24 views | No replies yet
Go to thread Just Me (my dept), Thursday 02/20/14 19:12:56 UTC

Just Me

So, does anyone know about SJP yet?
Reply to this post | This thread: 23 views | No replies yet
Go to thread Anonymous4811, Thursday 02/20/14 18:12:44 UTC

Global Supply Chain Downsizing

Confirming job cuts at Global Supply Chain, not big though, a handful off people
Reply to this post | This thread: 24 views | No replies yet

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