While browsing the classifieds at work, I saw an email about transformation. Apparently they will build a “Walmart like” supercentre to house all the different product lines ?
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Topics regarding layoffs at Weatherford International Ltd.
This is what happens when you change managers (VPs, Directors, Managers) every year. They come in, spend very little time figuring out who did what, put their friends and/or family members in important positions, take their big salary, and then get... read more
if you are related and good golfing buddies then you have job for life, it doesn’t matter how horrible at the job. i know a guy who is a supervisor, he broke every company rule there is and still has a job. He sleeps at work, half the time on his... read more
I find it a real pain to have to file a daily report on what I will be working on for that day. It is especially hard when there is nothing to do.
Does anyone know if Weatherford reimburses employees it is layoff for their unused vacations? And vice versa, does negative vacation balance get deducted from the severance package? Thanks
Name/Title Total Cash Equity Other Total Compensation Krishna Shivram Former President and Chief Executive Officer $1,971,402 $3,985,264 $5,459,542 $11,416,208 Christoph Bausch Executive Vice President and CFO $887,969 $2,292,891 $629,000 $3,809,860... read more
Where have these happened?
They are just walking out.
Compliance is a hoax and fixed!!! Will some one investigate?
There have been IT layoffs in Dubai
Any one else heard this in Canada. Would WFT release completions group? Maybe with cementing product line?
Heard engineering to be cut very deep and very soon with a lot of jobs at the top gone! Sale of fishing business as well and Artfical Lift spin off. Has anyone heard this?
from fuelfix......Weatherford last found itself in hot water with the SEC three years ago when it agreed to pay $253 million to settle federal charges that it bribed officials in the Middle East and Africa to win business. The SEC confirmed the two... read more
It mentions both Switzerland and Ireland costing several million (USD) each and with zero revenue. Same for Bermuda as well. Makes me wonder what taxes they are trying to avoid Then they keep mentioning the reduction in the workforce as well as the... read more
Oil heading to 100 a barrel and I’m working 40 hours week. What a piece of work this company is!
sh-- can the lot. Let operators interact directly with clients. Save some valuable dollars, operators can send emails too.
Just heard from a very good source, the end is nigh...
Weatherford doubters this is for you come on Weatherford lets get to $20 per share
I got an incredible raise! Also now have all the overtime I want. My team is fantastic and they are actually real, caring people. Oh, I had to leave Weatherford to get it, so... People. There is life out there! And decent companies and people!
Wonder what other 2 assets are going to sold.
What a joke! They say testing and trial was all good. But what they are not telling everyone is that the first real job, well you can guess.
$3 a share here we come!
I got a 29 cent raise. Wow. Not sure where I'm going to spend it all.
Q1 released and WFT yet again misses, -0.25 rather than the -0.23 they forecast. They can't even tell you how much they are going to s--- they s--- so much. We'll get them next time! Always another quarter to go. How much did management get in bonus... read more
I have to say I agree with this one and find it spot on. "WFT is controlled by its creditors who may not have any incentive for the company to go under. The stock appears worthless." Full comment may be found at the following link... read more
I keep hearing more layoffs are on the way. Will it be hands or managers this time?
Finally! If you don't like it go somewhere else!
PC Pump Lloyd to shut down this year , lay offs have begun , and as usual a large corp not caring about labor law , labor law states pay with in 3 days Weatherford to pay in 22 days.
Who is the brain surgeon that sent all of the stators to Canada for reline? Now everyone has to rent motors at a cost of 15 to 20 thousand dollars. Smooth move ex lax
Check your paychecks!
So the new RSS tool is going to the northeast. How far will it go before is flops like everything else? 250’
Anyone know when the 2017 MBP payout will be for US employees? Only information given has been sometime in April.
Anybody else worried that Weatherford's bad Q1 results (which are by now all but certainty) will end up prompting major layoffs after the announcement? It wouldn't be the first time WFT tried to soften the blow by cutting more employees, I don't see... read more
I was in R&D but I quit a while ago. Whenever R&D produced something, the people in operations would ask if it could do this or that. The guys in operations thought they were clever by poking (insignificant) holes in what R&D have produced. The guys... read more
Straight to the point here:- https://seekingalpha.com/article/4160269-weatherford-earnings-preview
New intraday low of $2.09! WFT stock getting soo close to that $2.00 mark. $1.99 and it is bye bye for sure. Anyone who thinks WFT can pull out a good earnings report is ludicrous. More sell off's of important product lines, more layoff will cost so... read more
People in the field quitting left and right, experienced hands that are esencial for service quality. Quit messing around, take care of your field guys because we all know what's gonna happen............. all the rejects from other companies will end... read more