Thread regarding Weatherford International Ltd. layoffs

Executive VP & CFO Jumped Ship

If you have worked for this company as long as we have then you all know that there’s more to this departure then meets the eye. Many times we can read right thru the headlines from this deceiving company. Can your read thru this like we do? “His leaving the Company is not the result of any dispute or disagreement regarding the Company's accounting or financial practices, statements, conditions, or operations”… Any else call bs on this?

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Post ID: @OP+1gLDOOam

13 replies (most recent on top)

Its easier to understand if you realize they dont want to make any money....its a writeoff for the lenders...relax and focus on following the reporting requirements its all legal just document it

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Post ID: @pyyc+1gLDOOam

Just look at financials. It’s public info and they don’t look good. Now with rising rates all these zombie companies that depend on cheap debt to survive are toast. RIP WFT

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Post ID: @khjq+1gLDOOam

It’s a fu---d up place that’s why

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Post ID: @jiav+1gLDOOam

Hopefully that supply chain dorkK under is next. So useless with his scattergun approach and severe lack of supply chain and leadership knowledge, he has to be sh1t canned. Then, move out the Brisbane bystander. So far out of touch with what is going on, defo on another planet I.e. space cadet. His failures are embarrassing but yet, he remains, at WFT, WTF!

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Post ID: @bpfy+1gLDOOam

More cash going out than coming in. Competent accounting personnel never want to be caught up in bankruptcy……9 years without a profit……writing is on the wall

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Post ID: @afox+1gLDOOam

He Jumped ship for the same reason all the other intelligent executives, VPs, directors, PE’s, CPA’s, buyer’s, EE’s, ME’s, scientist, and all knowledgeable staff members did… They needed their sanity and lives back without having to worry about this insanity and nepotism. This company trains us to be nobody, if you think you’re somebody and you speak up you will offend someone somewhere above you due to their insecurity, intelligence, and maturity.

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Post ID: @4mgk+1gLDOOam

apparently you don't know either.... just trolling eh?

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Post ID: @3sev+1gLDOOam

Yes many customers have 900 numbers

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Post ID: @3fol+1gLDOOam

My cousin told me they questioned a phone call to a customer in California on his phone bill and wouldn't pay it.

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Post ID: @2mri+1gLDOOam

What is going on here? Are they hiring these executives to come in and clean up a specific mess take their payout and leave, or do they come in and realize after 6 months that the situation is hopeless and bail out of their own accord?

Either way it isn't a great look .

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Post ID: @1wrl+1gLDOOam

We’ll if that’s the norm then the CEO should be next, it’s about the same timing and logic to our Weatherturd normalcy. Time for the new kids on the chop all over again.

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Post ID: @1gwh+1gLDOOam

The previous CFO was here for less than a year, the replacement leaves in less than 2 years. Situation normal.

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Post ID: @1ias+1gLDOOam

He jumped ship for a great reason, but you all will never know…

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Post ID: @1nqc+1gLDOOam

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