Thread regarding Weatherford International Ltd. layoffs

How is This company still in business?

Monkeys can do better!!!

https://m.chron.com/business/energy/articleComments/Weatherford-posts-821-million-loss-during-third-14576414.php

by
| 1559 views | |
Post ID: @11Oq6N2O

10 replies (most recent on top)

Wft would do well immediately to get rid of luferdog or lifelong (aka talk out my butt).

by
|
Post ID: @11Oq6N2O-arwx

I will be the last one to go because i played the game well and covered my tail at all times. If if collapses it just does. I knew this going to happen in 2005 and planned accordingly. So shove off

by
|
Post ID: @11Oq6N2O-9tyl

Hey lifelong, you are correct about paying back the debut, but what makes it hard is you low ball quotes and undercharging yourselves, giving away inventory sale items and services. I can see the 3 billion growing to 4 billion. Everyone is afraid to admit that there is a problem to bring in revenue. You need to get a better handle on that situation before it’s to late . You need to get to work.

by
|
Post ID: @11Oq6N2O-8soo

What’s sad is that employees did not put the company into debt, it was the previous CEO, now employees pay for his sins, by getting laid off. Now the banks hold the company in their hands.

by
|
Post ID: @11Oq6N2O-7bny

The transformation/ micromanagement cost money? We spend money to save money!

by
|
Post ID: @11Oq6N2O-5sbn

These aren't just write downs. The company used 800 mil in cash last quarter. Even if you get rid of interest and bk payments, the company is burning cash on core operations. How the heck the CEO is getting paid millions of dollars makes no sense.

by
|
Post ID: @11Oq6N2O-4ijx

We got credit and too big to fail!

by
|
Post ID: @11Oq6N2O-4udb

It’s not difficult to figure out, we were writing off as much sh– as we could so that the new entity has as clean a balance sheet as possible. The owners want their pay day and so the company is getting lean and mean.

by
|
Post ID: @11Oq6N2O-2apt

Its simple mafematics. All wft has to do is pay back 3 billion in debt then they can start start posting a dividend. Why do you people make everything complicated

by
|
Post ID: @11Oq6N2O-acl

How can they loose so much money when Hal and Baker turn profits. Yet they still brag about contracts won

by
|
Post ID: @11Oq6N2O-anh

Post a reply

: