Anything happening in the context of layoffs? God a little quiet on this board in the last couple of days and I can’t see any symptoms of cuts at my workplace. Has everything really quieted down?
Topics regarding layoffs at Weatherford International Ltd.
Can I return the stock and compete? :(
The article today in the Houston Chronicle waits until the very end to highlight one of the major issues/hurdles as to Weatherford being able to exit Chapter 11 as a viable entity going forward. Right now in addition to the “Perception” that WFT is... read more
They don’t need the headache and are restructuring themselves as it is, making changes to face the future. The only people who could buy Weatherford lock stock & barrel is somebody wanting to get into the industry with a set up that is a going... read more
Severance, dude get real. That horse bolted long ago and it ain’t coming back. These clowns don’t even have the money to pay back expenses, the company stock is being traded over the counter by mom & pop investors & little kids investing $20 pocket... read more
Can’t see any of the big three buying Weatherford out to be honest. They don’t need the headache and are restructuring themselves as it is, making changes to face the future. The only people who could buy Weatherford lock stock & barrel is somebody... read more
Speak up. Flood HR before the lay offs. Make it clear employees are being hurt. Years of thankful service. Yet hung in there. With this NEW CEO. Show some kindness. Be the Weatherford family. Give severance pay before or in Bankruptcy. Tell all the... read more
2 weeks left and then Houma manufacturing won't exist anymore. Let's see how bad Huntsville drops the ball
Normally there is enough cash flow to cover any bad management or even bad luck. You can make mistake after mistake and still make money in oilfield services, just a matter of how much youll make. Somehow wft managed to go above and beyong or under... read more
Desperate need for more managers. No experience required.
Of course, many companies fail in history, but rarely has one sunk this low that wasn’t doo to the dominant influence of some external factor or some unfortunate events. Our demise can be only contributed to poor leadership. In other words it took an... read more
This board is more heavily censored than conservatives on any social media platform. Good grief.
Well if it comes to down to layoffs will remaining sick days be paid out? They use to pay us out at the end of the year, now its use ut or lose it. Not holding my breath for a severence if it comes down to it.
Sad but true, the field guys just don’t have any more motivation to stick around. Shat on constantly by our own people tends to wear you down in the long run. I’ve still got a bit of brand loyalty but it’s beginning to run out, been with Weatherford... read more
So in April, management stated in the Proxy that the Transformation was a "success", expected to achieve $1B goal by y/e 2019, and also gave themselves a bonus at least partially based on Transformation benefits recognized in 2018 . Then in May at... read more
Hearing lots of rumours about several OFS companies sniffing around and kicking tires of select product lines. Does anyone know if business units can be sold while under Chapter 11 ? ......Asking for a friend .
I wonder how management will spin this as a success. If you are in the field I feel sorry for you, payroll issues around the corner. the whole free cash thing from last quarter was simply due to creative accounting. WFT finance are masters at cooking... read more
It will be much easier to poach your good people now. It would take a big pair for a bankrupt company to sue you for freeing the prisoners.
Moody's•May 13, 2019 Moody's Investors Service ("Moody's") downgraded Weatherford International Ltd.'s (Bermuda) (Weatherford, a Bermuda incorporated entity) Corporate Family Rating (CFR) to Ca ohhhh finally being a family run company NEPOTISM will... read more
I realize that this question maybe sounds a little pathetic, especially knowing the fact that this eas in the making for a long time. However, I imagine that other people that remember the days when this used to be a good company are asking the same... read more
Welcome to the world of a well connected white guy!
One day I remember driving all day and looking at birds and lakes And having a free lunch. Seriously not joking.
There guys are unbelievable. Oh did I mention that the board and senior management will get bonuses? It's a good thing we worked for half rate for 4 years.
What did everyone think of the propaganda meetings today. Do you feel safe and secure? That your job is secure? That we’re better off now? That anything will be left in Canada?
A lot of questions come to mind. How is the job market in the business doing these days? Is it wiser to try to apply for jobs at competitor companies or try to move to other industries( the ones that have that possibility)? What opinions do... read more
page 44 onward (Read carefully E) if you are an employee) A) As of the Effective Date, the board of directors of the Reorganized Company (the “New Board”) will be composed of seven (7) directors, one of whom shall be Mark A. McCollum, the chief... read more
It’s business as usual, folks. Another work day, another couple of bucks.
Any ideas why pre-marketing trading was halted this morning about 6 AM CDT?
Maybe a stupid question , but at this point it sounds pretty reasonable to me. Ch 11 will cause a lot of layoffs in one form or another, that’s for sure. In how much danger are we exactly regarding the receiving of our severance if we get laid off... read more
There will be a flood of resumes from WFT hitting the market. There are good people here but there are many more that know the jargon but have no real valuable skills. I realize everybody needs to eat but so do you. It only takes a few bad apples...
Restructuring will reduce long term debt by more than 5.8 billion dollars. No impact to customers, vendors or employees. (From Yahoo finance)
When is the garage sale? There are a couple pieces of software I'd like to buy and I know they have no idea how valuable these things are.
What’s going to happen to Canada?
Great discounts! Solid ROI! Work from home and be your own boss! Don't wait, this offer is for a limited time!
Just heard from a manager in another district today 5/10/19 that WFT was going to do chapter 11. And I heard the reverse split on stock hasn’t been done (read the ballots went out last Wednesday). Thoughts?
Along with an earnings report out now after an earlier postponement, Weatherford (NYSE:WFT) says in its 10-Q filing that it expects to file for Chapter 11 bankruptcy. Shares are down 12.5% after hours. It's hoping to reach a deal with noteholders for... read more
Come on! Postponed earnings to today and still nothing? What is going on fellas?
How? Why? And most importantly, who is desperate enough to join Weatherford in its current state???
Current management can blame previous management all they want, but the fact is WFT still owes 8 billion even after selling off three companies.....that money was supposed to go to debt reduction. Obviously it didn't. The CEO still has most of senior... read more