Thread regarding Weatherford International Ltd. layoffs

2016 4 Qtr Results. Only lost 549 Million http://ir.weatherford.com/cs/wft_investorrelations/news/1413873136480/weatherford-reports-fourth-quar

So we were at 6.5 Billion in debt yesterday before these numbers came out! Add another 549 Million and yet they remain optimistic but I suppose for the shareholders sake I guess you have to.

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Help me with my math, with debt declining 5.5 mill and the original 7+Bill worth of debt doesn't that equate to we will be profitable in about 15 years. I'm just confused as at the rate of layoffs to achieve that 5.5mil reduction, I don't think we have enough personnel to layoff to last 15 years worth.

What am I missing here?

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