The company said that it is raising its reduction-in-force total by 2,000 to a total of 10,000. As of the end of the first quarter, Weatherford had fired 6,449 employees and reckoned that it had achieved realized annualized savings of $422 million.
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Well it started at 8K, now at 10k and it will go up from there, just pay attention to what Wall Street is saying.