Thread regarding Weatherford International Ltd. layoffs

Upper management planning their exit strategy?

They slashed experianced staff, they had a bad accounting year which cost them $500M. They put a bunch of muppets in key management rolls and canceled strategic RnD. The company has been on its last legs for years. Those who were laid off a few years ago have gone through hardship and found other jobs, they even got a puny severance. Those left won’t get severance - the stock options are worthless. Wait until the liquidators come in, the blood will be everywhere. I feel for the employees but not for the management. Smile as much as they like, upper management are planning their exit strategy right now.

Found this post on another thread as a reply. @WbOpbgw-3qhu is 100% on point

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