Again weatherford is misleading employees into believing that there is a future. This is a run out the clock game. Kick the can down the road a year, 6 months who cares when your making 4 million a year and get a years salary severance if you get run off (did not mention the stock options because they are worthless) . Win win for execs and as the employee chooo lose!
Take the pay cut for the good of the company keep doing our job and everything else will work itself out because you have a management team that has a winning track record.