Thread regarding Weatherford International Ltd. layoffs

Western Hemisphere Cuts

Since management doesn't seem to be speaking, here is some math. 8000 gone by end of Q2, 85% from western hemisphere (6800). US has 15k, South America has 10.5k, Canada has 3.5k for a total of 29k employees. Cutting 6800 is roughly 23% of the workforce in Western Hemisphere, cutting 4250 by end of Q1 is about 14%.

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| 411 views | | 1 reply (February 5, 2015) | Reply
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Wow, that's massive - thanks for clarifying this

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