Thread regarding Weatherford International Ltd. layoffs

Interim CEO gets pay increase but 20% paycuts are extended for everyone else. Typical income inequality and greediness at the top.

Don't be surprised when your everyday employees don't want to give their best...

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Post ID: @OP+15B5wRTx

10 replies (most recent on top)

At his age he is more concerned about milking his cash cow WFT than the next job offer.

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Post ID: @1zrj+15B5wRTx

It is not unusual to see CEOs get higher pay at failing companies. They put their personal 'reputation' on the line and hope the ship rights itself and they continue to have a job. If the ship sinks, they generally won't be able to get another job offer and that's the end of the gravy train.

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Post ID: @fxv+15B5wRTx

I watched my wft shares go from 58 to .58. Do not tell me about your problems

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Post ID: @nys+15B5wRTx

Former VP is a Pee are eye see Kay. Probably the Domestic Engineer in reality.

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Post ID: @zmz+15B5wRTx

You guys all b*tch and complain, but if you had the opportunity to be in his shoes you’d be taking your wheel barrow all the way to the bank full of cash, and wouldn’t even think twice about “the right thing to do”... I know I would.

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Post ID: @ymk+15B5wRTx

No one should be giving their best right now. You are nothing but a number for these folks and will be laid off the moment you pose a threat to the money they milk from the company

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Post ID: @ojj+15B5wRTx

Not surprised? He needs to get his $370,000 monthly cash payment somehow. Even if its at the expense of hard working employees. The flock will flea as soon as things get better in the job market.

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Post ID: @emq+15B5wRTx

What does that have to do with pay reduction?

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Post ID: @zhc+15B5wRTx

Here we go again with this H1B c-ap. H1B is for highly skilled individuals which also comes at a cost to American companies in the form of legal fees. The visa is used mostly in the tech industry. Tell your fellow Americans to develop the skills needed so these companies don't have to hire bring in workers from abroad. No one is stealing your jobs.

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Post ID: @hrt+15B5wRTx

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