Thread regarding Weatherford International Ltd. layoffs

Severance

With potentially 6K layoffs ahead of us, does anyone know what our severance package looks like nowadays if any? Please?

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Post ID: @OP+14ymNyIy

7 replies (most recent on top)

What is difference between earned and unused?

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Post ID: @iusc+14ymNyIy

I was laid off early April 2020, West Hardy Road, Houston, TX. 10+ years at that location. 9 weeks severance.

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Post ID: @dnmn+14ymNyIy

If laid off, yo do not get paid for earned, but unused, vacation time.

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Post ID: @fyw+14ymNyIy

Really if youre laid off it doesnt matter if its one or 60,000

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Post ID: @suc+14ymNyIy

For the US it’s 1 week per year served. Maxed out at 9 weeks of severance pay

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Post ID: @lxr+14ymNyIy

Well, unless you have a good friend up above you, or your nose is so brown you don’t really know what colour it used to be, you’ll most likely get the minimum the government states you should get. It will also depend on position, tenure, and again, who you know and who you blow..

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Post ID: @yhy+14ymNyIy

I doubt there's a 6K cut coming, that number was taken from an article that took the 25% cut on global support personnel reference from the message from the CEO last week and applied to all 24,000 worldwide employees as if they were all part of the global support structure. Not sure if more cuts are coming or if the quota has been met already with all the cuts that have happened so far.

It is interesting to know what you get if you're laid off so if someone know please do tell.

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Post ID: @ecj+14ymNyIy

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