Thread regarding Weatherford International Ltd. layoffs

Will I have a job at Christmas?

So after a $800M loss in Q3. What happens next? Can they file chapter 11 twice? How can a company lose money for 19 straight quarters and still management get bonus and retention. Is that even legal under chapter 11?

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Post ID: @11UaG81C

7 replies (most recent on top)

What product line can be sold off and to whom?

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Post ID: @11UaG81C-dsxn

More layoffs are certainly on the way. Shuffling executives in and out or reorganizing geozones isn't going to get it done. Filing Chapter 11 bought them all of the runway Weatherford is going to get. At some point a core product line/region is going to have to be sacrificed to stop the bleeding.

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Post ID: @11UaG81C-8fcr

What happens next is the CFO gets moved on with a tasty payoff and another Remora joins 6th Jan from Halliburton.

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Post ID: @11UaG81C-7blp

Liferdog I think bonus should be held off, not right to have 77 VP’s while Weatherford is laying off the hard workers. The US has 1 VP. Why does WTF need the other 76?

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Post ID: @11UaG81C-4own

Relax we’re going to be ok till
After Christmas, then we’ll
Get canned, it’s the weatherford way

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Post ID: @11UaG81C-1nxv

I heard big things are going to happen in 2020!

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Post ID: @11UaG81C-1dtv

Why worry about what hasnt happened yet. Also, other peoples bonus is none of your concern. Shouldnt you be working

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Post ID: @11UaG81C-1srr

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