Thread regarding Weatherford International Ltd. layoffs

What is happening in Canada? I think the layoffs are done?

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Post ID: @OP+ALd8Jer

10 replies (most recent on top)

managers in meeting(s) all day behind closed doors. Expecting imminent layoffs now. 15% in first round, probably more this time.........

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Post ID: @3YRb+ALd8Jer

There hasn't been a single day since January that there hasn't been layoffs...definitely not done!

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Post ID: @1tic+ALd8Jer

Somebody knows if people got laid off in the Nisku mwd labs

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Post ID: @pI1+ALd8Jer

Q1 didn't produce lot of revenue, and here is breakup very low revenue for Q2 and Q3. Basically you will see more layoffs (even outside the 8000 quota) more cutbacks in salaries, workplace services (no more k-cups, paper towels, toilet paper, etc.), no personal use for company vehicles, and many more things you can think about.

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Post ID: @jOl+ALd8Jer

As per a recent investors presentation posted on WFT.com, target headcount for 2015 is 40,000. Meaning more layoffs in the pipeline after the initial 8,000. Look out for yourself please.

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Post ID: @jyI+ALd8Jer

Not done, more coming over the next few months.

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Post ID: @uN5+ALd8Jer

even the chiefs are now worried for there jobs. Breakup is here, lots of guys idle, conditions ripe for more layoffs. As per one of the below posts, almost 3000 more positions to go before target number of 8000 is hit. If you think that layoffs are done in Canada.....

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Post ID: @zji+ALd8Jer

It’s going to get worse, before it gets better. No and not done.

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Post ID: @WXz+ALd8Jer

I wonder how many more they will lay off. Seems lilke there have been tons and Q1 is almost over.

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Post ID: @TN5+ALd8Jer

HahahahahahahahahahahahahahHahahahahahahahahahahahha

No.

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Post ID: @I8W+ALd8Jer

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