Thread regarding Weatherford International Ltd. layoffs

WFT announces 1,000 more layoffs in the U.S. with focus on "support positions"

"During the second quarter, we successfully completed substantially all of the previously announced headcount reduction of 10,000. The aggregate results of these measures will help mitigate the effects of the downturn, while at the same time, take advantage of the opportunity to develop a leaner structure and a tighter organization. This target has now been revised upward to 11,000 with the increase principally in the U.S with a focus on support positions."

http://finance.yahoo.com/news/weatherford-reports-second-quarter-2015-234800664.html

Do support positions include field offices / billers? Or just corporate offices in Houston??

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| 661 views | | 2 replies (last July 23, 2015) | Reply
Post ID: @OP+CCTsovT

2 replies (most recent on top)

Support implies any position not involved in direct revenue generation. Includes but not limited to HR, Training, Mamgement, sales etc.

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Post ID: @YR7+CCTsovT

The ship is sinking and there is no more life boats. What a poor run company.

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Post ID: @rXB+CCTsovT

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