They don't need to justify more layoffs. First week of March-- -25- 30% of Ft Worth will be gone. That's already been decided regardless of what the finance numbers say. That's justified by the fact that they've got at least 50 people doing exactly nothing for the past 2 weeks. Do the math - if you can't order materials you can't produce product - if u can't produce product you can't make $ for the company. Add that to the fact that they don't seem to care = bye bye company. If the NYSE rated Weatherford at a 46% probability of going bankrupt BEFORE some dumbass in Accounting accidentally double paid all our suppliers -AND paid suppliers who weren't scheduled to be paid - and if all that is being kept publicly secret - believe me this company is in huge trouble and every executive is already planning their exit strategy. The fat lady is fixin to sing folks.
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Are you hourly or salary at ftw?
Google Weatherford Intl probability of bankruptcy. The data came from The New York Stock Exchange and it's dated 2015.
Well put on double payment fella! Yes, Wall Street has us at 58% bankrupt in 24 months!
Where do you see that we have 46% probability of BK?