The current layoffs and cuts to matching Rrsp and furloughs is just another round of Weatherford trying to create another smoke and mirrors show for 1st quarter earnings 2019 because based on current conditions in the energy sector times are still not great and there’s no way they should be close to meeting the streets estimates. They did the same thing 4th quarter 2018 to brag they got to free cash flow lay people off cuts on everything close shops sell off buildings etc. Then after the dust settles the managers and sales get bonuses. That’s how things work at Weatherford.
This is reposted from @XWU7rdT-3gbo . It couldn’t be more true