Thread regarding Weatherford International Ltd. layoffs

Next quarter layoffs - q2 2015

Management told me that round 2 will start as soon as all early retirement people respond. Supposedly the new goal is to layoff the total 8000 asap rather than wait until the next quarter.

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| 711 views | | 16 replies (last March 8, 2015) | Reply
Post ID: @OP+A56R6ci

16 replies (most recent on top)

These layoffs would probably not be necessary if managers were not allowed to purchase all the beer they can buy for personal consumption. On Christmas Eve they can go to a sporting goods store and purchase $500 in gift cards for "customers". I considered that money stolen from WFT. It is money that "working" employees could have been paid. Going out to eat with family and friends locally with a ticket of $500 for a meal but, coded as "meal with customers".

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Post ID: @kU0y+A56R6ci

Be sure to check the positions on list vs working employees. The general list has employees who are not on the list and still working. Noone will ever know their status and keep working. HR will not respond.

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Post ID: @2V3X+A56R6ci

My manager does the same thing. We called Listen Up 3 times on him wanna know what happened. NOTHING!!!! Except he threatened to fire whoever called.

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Post ID: @2HvR+A56R6ci

Here is what my manager does to deserve a bonus. Goes on vacation with company truck and gas card. Uses P card for whatever he wants. Takes himself and his family to eat all the time then expenses it out. And we reward him for that

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Post ID: @2iAq+A56R6ci

My manager is such a liar. He said no bonuses would be given out. He ' also a thief who steals from the company and this is how they reward him

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Post ID: @2SQg+A56R6ci

I can't believe some managers wouldn't give up their bonus to save employees.......

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Post ID: @2XON+A56R6ci

Bonuses were already handed out to everyone mentioned in the 1-27-2015 memo from the CEO. Just check the SEC filings for 1-29-2015. Tens of millions of dollars were given away. I am sure Area Managers and up will receive their full bonus payout. We shall see.

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Post ID: @23uz+A56R6ci

That don't make no damm sense. Second round of layoffs will start and managers will get there bonuses right after here's what I got to say about that. WTF!!!!

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Post ID: @1mCW+A56R6ci

That don't make no damm sense. Second round of layoffs will start and managers will get there bonuses right after here's what I got to say about that. WTF!!!!

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Post ID: @1JxW+A56R6ci

Yes, when you lose $500 Million last quarter....what do you expect?

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Post ID: @opG+A56R6ci

People......wake up! There's a 58% chance Weatherford will be bankrupt in 24 months. Great people run by morons. Get out now!

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Post ID: @Hf7+A56R6ci

Makes sense....the packets have to be responded to by the 18th. Two days away.

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Post ID: @HUS+A56R6ci

Good luck

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Post ID: @zHS+A56R6ci

hmmm I've heard round 2 at the Fort Worth location starts this week.

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Post ID: @np7+A56R6ci

Yeah I heard that also

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Post ID: @147+A56R6ci

8k is a bit too much

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Post ID: @YWk+A56R6ci

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