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Topics regarding layoffs at Weatherford International Ltd.
Over 10 people were let go today at west hardy. All of them hard working. Rumors are that WFT is to layoff 3000 employees by end of the year
Just heard that Red Deer Thru Tubing is doing some layoffs today. Just happened to be talking to the guys there. Probably more elsewhere too.
Is it true that Davy Davidson was let go late last week?
Hard working ppl. They should have gotten rid of the lazy useless project managers they do all the work for since they are inept.
There will be layoffs in the Permian Basin this week.
Wow! Just heard that they finally got rid of the incompetent bastards who ran WHR into the dirt. That's what they get for the crap they pulled
If WFT owes you any outstanding field bonus get it ASAP!!! A month from now it will be a different story. Execs are freeing up cash to set up their buyout packages. This is the reason that middle management has been told to cut operating costs by any... read more
It will always occur to me that what would happen if our domestic customers understood our accounting and just how badly wft ripped them off. I spent much time with customers getting his invoice correct and HONEST. Just wondering.
Hirings at SJP today
Layoffs at SJP today
All this talk about bankruptcy makes me wonder....
Rumor has it, there will be a bankruptcy / restructuring soon. If you took a moving package and your group is sold off, do you owe the company the money back if you go work for another company? Have any business units been shut down and not sold off?
New regime closing 2 facilities and cutting back 25% of what's left.
Only incompetent fools are left at the company!
Is it really that hard to take care of your employees that have stuck it out through furloughs , layoffs etc etc and maybe give them raises or some kind of praise for not jumping ship before you hired 3+ new employees and supposedly more new hires... read more
In an SEC filing Tuesday, Weatherford said it agreed to settle without admitting or denying the charges. ... The SEC specifically named James Hudgins, who was Weatherford's vice president of tax, and Darryl Kitay, a tax manager, for making the... read more
I can tell you that rumors are flying around about job cuts in Geneva.
Talk at office today is that they will shut Singapore now that they have given our drop kick VP MENA as well as APAC. The Indian Madia will drive us off the cliff.
http://seekingalpha.com/article/4025042-weatherford-insolvent-4-billion (insolvent means broke)
For several quarters, Schlumberger's (NYSE:SLB) management team has probably been the most pessimistic about when the recovery for the oil and gas market might come. Yet after a couple years of pessimism, the company's executives seem to think that... read more
They look cheap.
So now I here that frack is gone too. What a shame. So how much can you buy a blender for when there is thousands of them for sale.