Thread regarding Weatherford International Ltd. layoffs

WFT is absolutely in trouble with vendors

WFT is absolutely in trouble with vendors. They have been seeing increased costs from vendors due to their poor record of paying their bills. This affects not only delivery dates for receipt of goods but overall profits. The second point is that some of the customers are already questioning their ability to deliver on projects based on the reduction in head count which in many cases was already strained due to the shortage of personnel

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