Oilfield giant to cut up to 8,000 jobs, mostly in the U.S. Feb 5, 2015, 8:54am CST Share on Google + Share on Facebook Share on LinkedIn Share on Twitter Email this article Save Order Reprints Print Bernard Duroc-Danner/ Bloomberg Enlarge Photo Chris... — read more
ONCE WORKED FOR WEATHERFORD ALUMNI CLUB
Perhaps we should start an Alumni Club for employees who got the Axe in the past few years. We could tell all about the dirt little secrets of management, etc. that no one is mentioning and throw some management names out there at the same time.
8,000 layoffs in total not only 5,000
Per Krishna on conference call 5,000 layoffs in Q1, 3,000 more in Q2. Total employee headcount less than 50,000 by the end of the year.
WFT Directional Drillers
Do you think that directional drillers will be let go in this wave. I hope things turn out good but I am very anxious.
Layoffs to affect 5,000 workers at WFT
It's going to be very bloody, 5,000 is a huge number, it's a bit less than what some predicted, but we'll see what happens over next weeks - good luck to all of us, we will need it - Here is the source:... — read more
Weatherford cutting 5000 jobs, 85% in North America
From Q4 report: Due to the quickly changing market conditions, we are aligning and reducing our cost as well as organizational structures to match the new environment. As a result, we will have a leaner structure and a tighter organization. We have... — read more
How long?
Any idea when they will be done at St James?
Cheap
The fact that a company can't wait 9 more days to lay someone off so that they are eligible for unemployment really says something... Thanks for nothing Weatherford.
How can you people on here question Bernards $7.2 million pay package in 2013?
How is it that people are on here questioning Bernards ability as CEO of Weatherford and doing more layoffs? The poor guys pay package dropped to $7.2 million last year..put into perspective that means he only made about $138K per week. How do you... — read more
Working at Weatherford
So, now you take the most recent layoffs in consideration, if somebody was to ask you how was working at Weatherford, what would you say? How would you define it and describe it.
Kingwood (Houston)
Only 6 let go today that I know of
IT Layoffs are in progress
Many sad faces here (Park 10) - I hope it is not as sad as it looks.
All Hell is Breaking loose at Park 10
Layoffs are happening now in IT.
Edmonton Layoffs Monday
PC Pump/Corod, I hope we are all done
Bernard is clueless
What a poor leader. Have some courage, look your workers in their faces and tell them what your plan is. SLB, Baker and BP leaders at least had guts to do that. Duroc-Danner does not deserve to lead us.
Forecast calls for massive layoffs this week in the Houston area.
They started laying off today at Katy as stated in another post, St James, JFK, and all points in between. Thursday looks to be a particularly high layoff day after earnings are announced on Wednesday. The memo they sent out said they would be... — read more
Management??
Any news of management getting cut?
Oil Prices Bouncing Back
I can bet that we'll see $75 oil in next 2 months, I've seen this happen before. And, prices will stabilize. Yet, look at the craziness that our management is pushing us though.
Early Retirement ?
Does anyone know what this early retirement rumor consists of and who will qualify ?
Do you really think we will lay off 10,000 people?
How crazy is this? I am not saying that the people claiming this are crazy, I am just saying that this would be a major cut that would compromise the very existence of WTF. Nothing can surprise me any more, 2015 will prove to be the year of layoffs... — read more
Rumor has it 3000 US 6000 Globaly
From what i hear in the Western region is that locations are closing and a lot of people are getting laid off. Which would make those rumored numbers wrong. At least thats the way I feel. MT
Liner Hangers, New Iberia, La.
Manager laid off today
Huntsville Texas Layoffs?
Anyone hear if there are any layoffs pending at the Huntsville Texas facility?
St. James
Does anyone know if they are done laying people off at St. James? My manager hasn't addressed the situation at all and people have been nervously waiting for the last few weeks to see if our group gets hit.
Are there going to be anymore layoffs in Bakersfield CA?
They laid off at Pumping Units last week.