Thread regarding Weatherford International Ltd. layoffs

Severance changes

Anyone who has been with this company for many years will be screwed. If you think you will get a decent severance when you get let go you are dreaming. WFT put a cap of 9 weeks regardless of your tenure. Plus they will not pay for any paid leave you have acquired.

Is this true?

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Post ID: @OP+UpxfUak

4 replies (most recent on top)

Can confirm, 9 weeks max. I’m so glad I was laid off at Kingwood, I took a 6 month vacation and started a job that pays me 10k more yearly as soon as I walked in the door.

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Post ID: @ixzs+UpxfUak

The oil business is booming, walk away, why stay ?

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Post ID: @1nna+UpxfUak

Very true, use your vacation now before you loose it. Pay is maxed at 9 weeks, thats if you been there for 10+ years and they only pay unemployment for up to 6 months. Get out while you can, dont wait around for that check, its not worth it.

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Post ID: @wnp+UpxfUak

Was when I got the good news. Even called me back off annual leave back to DXB for the privilege. Bests thing that ever happened really. Now back in the real world instead of in the WFT BS bubble being surrounded by fewer and fewer good folks.

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Post ID: @syl+UpxfUak

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