Thread regarding Weatherford International Ltd. layoffs

Why the negativity

The share price is up The Oil price is up The CEO decided against selling us out with another acquisition for Halliburton work. We have started to bring in real money and saved even more laying off. So why the negativity?

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Post ID: @OP+DUfCijc

6 replies (most recent on top)

Well geez, I hope I get my raise this month. I was wanting to have our pool installed end of year

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Post ID: @20tb+DUfCijc

Just another gutless managerial coward parroting the B.S. propaganda !!

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Post ID: @1r1o+DUfCijc

Weatherford is turning the ship around. Sadly, there are layoffs (just like everyone else in the industry) and it is not an easy, or quick, route. However, the "quick" fixes rarely work...and this strategy of using this time to not only hold on to current clients, but to also gain market share from the uncertainty of the HAL/BHI merger, is the best route to a real "fix". I've also noticed that no one can put anything positive out here without the naysayers showing up in DROVES. No one knows the future so all they can do is continually criticize the past. We can just all hope that the lessons from the past are helping drive the future.

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Post ID: @1c3V+DUfCijc

Really?

  1. The share price is up. (Compared to what????)

  2. The Oil price is up? (The price of oil has more ups and downs than and elevator!)

  3. The CEO decided against selling us out with another acquisition for Halliburton work. (The CEO was holding out until the last minute in hopes of the stock going up! If you think it had anything to do with his sense of 'What is good for the company' you are wrong!!!!)

  4. We have started to bring in real money and saved even more laying off. (Bringing in real money?? Saved money by laying off? How does he propose to continue to keep bringing in money when he has sold all his assets and fired all his people? If you think this is some kind of long term plan...you are wrong again!)

  5. So why the negativity? (All of the above and more!)

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Post ID: @1mDM+DUfCijc

Because the company is full of liars

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Post ID: @1rjn+DUfCijc

because we have heard it all before from the CEO and nobody believes him anymore

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Post ID: @9qv+DUfCijc

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