Thread regarding Weatherford International Ltd. layoffs

Management??

Any news of management getting cut?

by
| 424 views | | 8 replies (last ) | Reply
Post ID: @OP+zSJgRas

8 replies (most recent on top)

The Fort Worth thread isn't accurate. Currently only the temps have been let go. Rumor is today is the start of the layoffs.

by
| | Reply
Post ID: @cp3+zSJgRas

Can someone post that memo, I got cut in December

by
| | Reply
Post ID: @nVP+zSJgRas

Judging from Bernard's last memo, he just shuffled some people around, but no senior people cuts. He should think about cutting some of those VP level jobs or their minions. Each one of those guys equates to the wages of at least 5 to 10 hard working people working the front lines.

I just hope our share prices jump so Bernie can cash in and sell us to a service company who knows how to manage a business. Want to talk about redundant positions. Once that happens the majority of our senior level managers will be sitting with HR for their 'We're sorry, but we have to make some really tough decision' conversations.

by
| | Reply
Post ID: @Jwc+zSJgRas

and what i have been reading it is the management in inventory - makes one think what is really going on

by
| | Reply
Post ID: @7Pf+zSJgRas

Cut some bad managers and save more money

by
| | Reply
Post ID: @7zF+zSJgRas

"Oh yeah, we've got to trim some of the fat around here." Useless managers, under their supervision, the means have become the end.

by
| | Reply
Post ID: @0CK+zSJgRas

Read the ft worth thread. Management let go there and Huntsville

by
| | Reply
Post ID: @7vm+zSJgRas

I would like to know if any management is affected by this too

by
| | Reply
Post ID: @bOw+zSJgRas

Post a reply

: