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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 Anonymous62821, Sunday 02/01/15 05:24:33 UTC

Severance Package

I am just curious to know if anybody knows the quantum of severance being offered this time around for EXEMPT positions. The last time this happened in 2009, it was 1 week salary X number of years of service at WFT subject to a cap of 9 weeks.
Reply to this post | This thread: No replies yet
Go to thread Anonymous62805, Sunday 02/01/15 02:22:47 UTC

Management on the cutting board?

Are managers being let go too? Pretty dumb to just cut workers. Weatherford has toooo many layers, managers. You can't cut all the workers. Most managers don't know to to do the job for the dept they're over.
Reply to this post | This thread: 9 views | No replies yet
Go to thread Anonymous62766, Sunday 02/01/15 00:26:51 UTC

Severance Pay and Termination Day

Those will be getting Weatherford severance pay must stay until their termination date. Otherwise they will give up their severance. Is making employees follow this legal? I think some employees are not waiting until their termination date to get another job. What are your thoughts?
Reply to this post | This thread: 233 views | 4 replies
Go to thread Anonymous62757, Sunday 02/01/15 00:04:25 UTC

Confirmed Layoffs in Fort Worth Plant

Confirmed layoffs in Fort Worth on Friday..Weatherford has decided to lay off most or all of their inventory management team in their Fort Worth manufacturing plant. What a joke..how can you expect to sell any inventory and free up some cash if you fire the people that manage it effectively? In my opinion, Weatherford will be bankrupt by the end of 2015. Poor management, poor strategic planning...
Reply to this post | This thread: 178 views | 3 replies
Go to thread Anonymous62607, Saturday 01/31/15 14:12:28 UTC

Early retirement packages starting Monday

starting Monday WFT will be sending out letters (email or written if no WFT email) to those that qualify. The package is quite good compared to other companies packages. If you receive one, I'd suggested you evaluate carefully for your decision. Management is not allowed to influence your decision to stay or go.
Reply to this post | This thread: 530 views | 8 replies
Go to thread Anonymous62605, Saturday 01/31/15 14:06:35 UTC

Early retirement packages starting Monday

starting Monday WFT will be sending out letters (email or written if no WFT email) to those that qualify. The package is quite good compared to other companies packages. If you receive one, I'd suggested you evaluate carefully for your decision. Management is not allowed to influence your decision to stay or go.
Reply to this post | This thread: 245 views | 1 reply
Go to thread Anonymous62452, Saturday 01/31/15 02:29:19 UTC

St James Layoffs 2015

St James has been letting people go since 2 wks ago. Apparently they're going through each department/product line. How many total so far at St James? Anyone know?
Reply to this post | This thread: 371 views | 1 reply
Go to thread Anonymous62417, Saturday 01/31/15 01:29:19 UTC

KW next?

Rumor at KW is Monday is D-day. I have seen some signs that I can't elaborate on that show this may be true.
Reply to this post | This thread: 552 views | 7 replies
Go to thread Anonymous62413 (Houma MFG), Saturday 01/31/15 01:26:38 UTC

Layoffs?? and Poor Management

The GM made everyone that has a PCard turn them in. The word is no purchases for at least 2 weeks. High level permission needed to spend as little as a cent for everyday supplies, material, etc! I don't know how we're supposed to get work done waiting on things we need. Weatherford must be in real $$$ trouble. I guess a lot of us wont need to worry about getting the tools and equipment we need real soon...sad.
Reply to this post | This thread: 371 views | 2 replies
Go to thread Unemployed396 (St james place ), Friday 01/30/15 07:07:20 UTC

Lay offs in st james place

On thursday 01/29 my department was reduced to a couple of employees. I was called over and told my job function was redundant and eliminated effective immediately. Was walked to the HR department signed paperwork and the lady told me they had more coming. I came back to clear my desk and another coworker was cleaning his. Two coworkers where called into a brief meeting and resumed working while i was cleaning my desk.
Reply to this post | This thread: 1544 views | 7 replies
Go to thread Anonymous62032, Friday 01/30/15 05:43:02 UTC

Houston Texas

It is confirmed massive layoffs will start next week in Houston.
Reply to this post | This thread: 896 views | 2 replies
Go to thread Anonymous62001, Friday 01/30/15 03:17:11 UTC

Weatherford and Halliburton merge????

Reply to this post | This thread: 786 views | 4 replies
Go to thread Anonymous61972, Friday 01/30/15 02:39:05 UTC

Petroleum consulting layoffs

Do you know if Petroleum consulting is affected, I left on my own in 2010 and I am just curious here. I wish you all the best here, it's not easy. I made a decision to change industries and it's a bit more stable than in O&G but still there many other drawbacks (e.g., lower pay now). Anyhow, God bless and I hope you go through this upheaval unscaved
Reply to this post | This thread: 348 views | 2 replies
Go to thread Anonymous61959 (Corpus), Friday 01/30/15 02:04:01 UTC

Why aren't they announcing anything. All the other major companies are We work for weasels and managers that couldn't run a sno cone stand.

We work for cowards. Half the managers don't even know the equipment and damn sure don't know how to talk to their employees. The only way they got their was by kissing ass or have a friend.
Reply to this post | This thread: 660 views | 4 replies
Go to thread Anonymous61867, Thursday 01/29/15 23:45:00 UTC

Confirmed

It has been confirmed layoff have started in Bakersfield California
Reply to this post | This thread: 586 views | 3 replies
Go to thread No health insurance, Thursday 01/29/15 23:06:07 UTC

The health insurance cycle is through this Saturday. An employee terminated prior to Saturday will not incur another monthly cost.

I've seen 20 plus terminated in the last 3 days. If it costs WFT a $1000 in benefits to keep you for another month, timing makes sense. This is the 1st round. Don't spend time bitching, rather go persue gainful employment . Don't ask for my area or PL.
Reply to this post | This thread: 446 views | 4 replies
Go to thread Anonymous61830, Thursday 01/29/15 21:53:24 UTC

Houston

http://abc13.com/news/schlumberger-workers-evacuated-due-to-bomb-threat/496317/
Reply to this post | This thread: 267 views | 3 replies
Go to thread Anonymous61677, Thursday 01/29/15 15:56:24 UTC

PLEASE do not post if you're not willing to elaborate

Saying things like "It's begun in Houston" without further information is useless. It's a disservice to everyone. Please give details or do not post. Thank you!
Reply to this post | This thread: 1594 views | 16 replies
Go to thread Anonymous61667, Thursday 01/29/15 15:38:28 UTC

It's begun

It's begun in Houston.
Reply to this post | This thread: 1048 views | 6 replies
Go to thread Anonymous61649, Thursday 01/29/15 14:08:16 UTC

Curious

Any news about Odessa stores that is going to happen
Reply to this post | This thread: 119 views | 1 reply
Go to thread Anonymous61560, Thursday 01/29/15 04:55:22 UTC

In Houston

If these up coming layoffs are 50% it will be because Weatherford has sold all interest in the company. Everyone will find out whats going to happen soon enough. I'm sure everyone is tired of the rumors and speculation. We all know 100% that layoffs are coming so there is no reason to act surprised once it happens. Good luck to everyone. By the way if no one has heard BP is laying off in Houston too. That was announced today on local news.
Reply to this post | This thread: 564 views | 1 reply
Go to thread Houston (Houston), Wednesday 01/28/15 23:37:22 UTC

50% reduction

I heard 50% reduction as well from a manager. It makes sense if the comparison between WFT and schlumberger are true.
Reply to this post | This thread: 1084 views | 7 replies
Go to thread Anonymous61099, Wednesday 01/28/15 06:51:54 UTC

WFT Layoffs will happen in 2015

WFT cut last year because it simply had too large of a headcount for the revenue compared to the industry. WFT WILL cut 10-20% due to the current state of the market. Yes it will have an adverse impact because WFT is very inefficient as is and hid behind large employee counts for tasks that were no-value-add waste. The thought would be to reduce headcount to cut overhead and expenses to match the downturn and force internal efficiency improvements to stay afloat. To be honest, WFT is currently looking down the barrel of bankruptcy or a sell out if things don't change real soon.
Reply to this post | This thread: 1155 views | 3 replies
Go to thread Anonymous61053, Wednesday 01/28/15 02:35:38 UTC

Layoffs in Canada

Anyone heard anything regarding layoffs in Canada? Everyone in the shop is getting quite nervous.
Reply to this post | This thread: 587 views | 4 replies
Go to thread Anonymous61018, Wednesday 01/28/15 00:24:12 UTC

Weatherford Cut Prediction: 10-20%

Most employees will have read Bernards memo to company employees by now. If you havent he uses words like: lean, reduce, flatten, on a regular basis. Based on his wording, Weatherford will at least make an attempt to reduce the exorbitant number of managers. Hopefully this is what happens. Anyone who thinks that cuts arent coming.... Weatherford is a very unhealthy company in comparison to its peers like Schlumbeger. Weatherford has 50,000 employees and is worth $8 Billion. Schlumberger has 100,000 employees and is worth $80 Billion. That makes Weatherford 5x less efficient on a head count basis compared to its biggest competitor. Something has to give. Circle Feb 5th on your calendar, thats when their Q4 results come out and they will likely announce layoffs.
Reply to this post | This thread: 1279 views | 14 replies
Go to thread Anonymous60918, Tuesday 01/27/15 17:30:42 UTC

Over %10

I am hearing the layoffs are going to be devastating. Word around the office is that it will be over %10
Reply to this post | This thread: 1286 views | 11 replies
Go to thread Anonymous60355 (ALS), Saturday 01/24/15 16:01:46 UTC

Know your rights tired of the lies and ruined lives.

The Worker Adjustment and Retraining Notification Act (WARN Act) is a United States labor law which protects employees, their families, and communities by requiring most employers with 100 or more employees to provide 60 calendar-day advance notification of plant closings and mass layoffs of employees, as defined in the Act. In 2001, there were about 2,000 mass layoffs and plant closures which were subject to WARN advance notice An employer who violates the WARN provisions is liable to each employee for an amount equal to back pay and benefits for the period of the violation, up to 60 days. The liability may be reduced by the period of any notice that was given and any voluntary payments that the employer made to the employee, sometimes referred to as "pay in lieu of notice." U.S. district courts enforce WARN requirements. Workers, representatives of employees, and units of local government may bring individual or class action suits. The Court may allow reasonable attorney's fees as part of any final judgment.
Reply to this post | This thread: 436 views | 2 replies
Go to thread Pac (Supply Chain), Friday 01/23/15 03:36:46 UTC

Supposedly laying off contractors really laying off full time employees

Management sent out a memo a couple weeks ago saying they would be reducing the amount of contractors in IT but we all know that is not going to happen. They would rather pay indian contractors $200 an hour along with their hotel bills and flights then pay a full time employee a fraction of that amount. Meanwhile Bernard continues to make the combined salaries of a few thousand people and never takes a pay cut while the stock price has plummeted for years. Word on the street in the hallway this week is layoffs are coming within the next week. Lots of whispers in the halls about office moves but they won't show seating charts because that would let everyone know who is going to be layed off. Lots of managers asking their employees to write up tasks of what they are working on means they are going soon. Thug life.
Reply to this post | This thread: 1435 views | 7 replies
Go to thread Anonymous59890, Thursday 01/22/15 23:54:24 UTC

Day of reckoning tomorrow

It seems as though tomorrow Friday Jan 23 will begin the Weatherford layoffs. Watch for more security personnel tomorrow morning.
Reply to this post | This thread: 2035 views | 17 replies
Go to thread Anonymous59715, Thursday 01/22/15 16:57:40 UTC

The waiting game

Does anyone else hate the waiting game Weatherford is playing with us. Everyone knows layoffs are coming but yet we dont know how many or when.
Reply to this post | This thread: 1066 views | 6 replies
Go to thread Anonymous59543, Thursday 01/22/15 01:13:26 UTC

Alice Frac Layoffs

http://www.kristv.com/news/former-weatherford-employee-says-over-100-workers-laid-off-and-more-to-come/
Reply to this post | This thread: 1008 views | 5 replies
Go to thread Anonymous59488, Wednesday 01/21/15 21:58:50 UTC

The end of this Week or next

Word around the office is that we will finally get conformation on layoffs by the end of this week or next. One thing is for sure you if you see a lot of security this week or next its a pretty good sign people are getting walked out.
Reply to this post | This thread: 1123 views | 6 replies
Go to thread Anonymous59437, Wednesday 01/21/15 18:19:22 UTC

Its only a matter of time

With Weatherford freezing employees from selling their Weatherford stock until March there is major changes in the works.
Reply to this post | This thread: 731 views | 3 replies
Go to thread Trust No One (IT DEPT), Wednesday 01/21/15 18:07:23 UTC

"Weathering" the Storm

Its time already for the Weatherford layoof numbers to come out. Employee morale is extremely low right now.
Reply to this post | This thread: 399 views | 2 replies
Go to thread Anonymous59263, Tuesday 01/20/15 23:07:22 UTC

2015 layoff checklist

I was unlucky enough to overhear a conversation between two managers. It seems that Weatherford will be looking into political affiliations of their employees. If you are known to position yourself with the democratic party (The party of our present commander in chief) Then you will move to the top of the list for layoff.
Reply to this post | This thread: 1240 views | 10 replies
Go to thread Anonymous59120, Tuesday 01/20/15 15:23:40 UTC

What's our number?

Today in the Houston Chronicle, Baker to cut 7000 jobs. When will Weatherford announce their number?
Reply to this post | This thread: 680 views | 2 replies
Go to thread Anonymous58963, Tuesday 01/20/15 03:11:36 UTC

Weatherford a scam

Weatherford is the worst company to work with. Incompetent Managers and Team leads are the major contributors to this company disaster. A team lead gave an explanation to one of his laid off employee who had worked with the company for more than six years that Weatherford want to progress. What a lousy argument? A very simple question to this learned team lead and the manager, what good you have done with the company for six years. If Weatherford was not progressing for that employee for six years, you were yourself incompetent to watch the interest of this so called good company. There are lot of other argument for his baseless explanation, but it is of no use. The management is playing in the hands of these UN professional guys.
Reply to this post | This thread: 691 views | 4 replies
Go to thread Anonymous58815, Monday 01/19/15 18:45:28 UTC

Moving thins to India?

I have heard 2 rumors; this reduction is going to be sweeping but also have more strategic aspects to it. For example, one thing I've heard is the movement of a big chunk of product modification (as well as some new design) and manufacture to India - where labor is cheap - and the capability is there (based on the experience of GE, etc). Many bases are to become sales, equipment store, light refurb and deployment only. On the staff reductions, I imagine we've been waiting for another player to make some moves like this first as WFT doesn't want to be the bad guy this time. Why we're worried, I don't know. Our reputation as an employer is ruined anyway.
Reply to this post | This thread: 504 views | 2 replies
Go to thread Anonymous58329, Friday 01/16/15 21:01:58 UTC

Any updates today?

It looks like SLB is going to a self inflicted bloodbath, how about you guys?
Reply to this post | This thread: 1302 views | 7 replies
Go to thread Anonymous57521, Wednesday 01/14/15 02:30:34 UTC

Here's Your Post

Rumor at our shop is each supervisor and shop lead hand was told to write down 3 names. Heard this Monday. Today, we were informed we are no longer allowed to go to the tool crib for supplies. Instead, we are to contact a supervisor or shop lead hand and they will decide if we really need what we need. Wow, I've been a machinist for over 3 decades and now I have to ask a boss for a rag or insert???? The barrier between management and the floor (which had been dropping) just shot back up twofold. We've been through this before. Hopefully we will make it again. Most of us are anticipating a layoff this week.
Reply to this post | This thread: 1329 views | 5 replies

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