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
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Topics regarding layoffs at Weatherford International Ltd.
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:- /
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
This stock is like gem at this price. They have tons of assets and could be an acquisition target of tier one OFS if they can't survive. They have been in ofs fields for 35+ years. I wouldn't be concerned. Price will double by this year end end... read more
Approximately 73% of sell-side analysts tracking Weatherford International (WFT) have recommended a “buy” or equivalent, and ~20% have recommended a “hold.” Approximately 7% of sell-side analysts have rated WFT a “sell.” Analysts’ consensus target... read more
I hate admit it, but I’m actually enjoying watching this Weatherford dumpster fire. Poor management from the top and treating good people like they were the problem. Reap what you sow.
Our friend had done 18 years .....gone with no thanks or anything. Our the system and phone was cut in 5 minutes after getting the letter. Weatherford is ruthless
Told my 2017 Bonus will be on my check tomorrow. Looking forward to it after all the cutting we have done, seems only fair they pay the ones that are still around having to do three times the work and in some cases five times if you have a sh--... read more
Remember the glory days when the stock per share was equal to a premium Sub sandwich? Now it's just the bag of chips! My crew is going to have to work extra hard to float this boat, but we'll get it done.
I will say it again. (but corporate will not listen, again), they need to fire the whole supply chain group from top to bottom. Make everything local decision making. And pay the vendors where the local management can make the best deals. Let local... read more
ALL companies now have learned that the HB-1 worker is cheaper and easier to manage over the post 50 employee. This is the unwritten rule of today’s business. At some point they will cross that age bridge.
Anyone have information on Marks supposed plans for 1st quarter raises?
They will continue to sell off the Family Jewels. Those are the parts that actually make money. The remaining Regions and Product Lines will suffer under the increasing overhead from the Supply Chain and Upper Management that is not being reduced... read more
I left Weatherford in January after being with them for 12 years. If you had asked me even 1 year ago would I leave Weatherford I would have told you no. I was a company man through and through. They were always good to me. The couple years I saw so... read more
Weatherford to announce the sale of the majority of their Artificial Lift (aka. Production) group at weeks end. Thus aiding to define what the vision for the future of the company will look like - something tells me there is a lot of dumb iron
I am sure the staff were laid off last week on 12 months goverment salary. Point is that base is closed or closing Millions of dollars of equipment and workshop items dumped in Africa.