We are under paid, tired, sad, and ready to be sold.

With H2 of 2018 looking terrible for WFT really surprised there are not more rumours on here...it's oh so quiet??!...calm b4 the storm?

Part of transformation plan .. big hunchos going around announcing to liquidate current asset they own such as shops with land and leasing similar type of warehouses for next few years so they can plan and build supercentre warehouses where they... — read more 

This week ALS, is loosing 3 key people---the s---er rod PLM and technical rod guru, the rod pump PLM and technical guru, and a key metallurgist in R&D. All 3 played key rolls that can only be filled from outside Weatherford as there is no replacement... — read more 

Last week for most of us, good luck with IBM and the managers that have been left to manage this mess. Lucky I got my 3 months and bonus payment, watch out ayone whos left, seems your only safe if a manager or you have family members watching your... — read more 

This feels more like shrinking until we disappear. It’s no secret how high in debt we are and how unable we are to generate any real revenue that will pull us out of it, so selling off more assets and laying people off looks to me like something that... — read more 

Nobody left to post on here ????

I ran into an ex-Weatherford manager who I know well this week and we were discussing how things are about a year out from being released from the company - note here that I felt he was a good manager and looked out for his team. Anyway, he said... — read more 

When your CEO sells almost 70% of his shares in the company. Specifically, Director William E. Macaulay sold 767,591 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $2.86... — read more 

Speaking from my branch plant experience.... management wants to preach, but not practice what they preach. With the end of the year approaching and our stock price still going south, I’m expecting that any day is going to be our last. I hate to say... — read more 

• Total oil rigs fell, -9 to 860 • Horizontal oil rigs declined, -2 to 766 • Visual inspection suggests that rigs continue to roll off gently from here for the next several weeks.

I continue to be confused as to why WFT can’t make money...after 6+ yrs of cost cutting, “transformation”, etc etc etc. they don’t seem to be able to make a single dollar. I get it, when oil is $30, $40, $50 bucks, it might be tough, but they... — read more 

Seems like the boat has sunk and is waiting for rescue. Anybody know of any buyers looking to just buy this company out? I'm ready to jumpship!

Any news on what they want to do with the wellhead department?

OMG

Won’t get much for it but positive step forward if true.

back to where it belongs!

I've heard there will be another reorg. this time with many lead/engineering managers going in Houston. Budgets are continuing to be slashed and jobs will be cut. Can anyone confirm?

Are you losing or making money? Worth it?

Farewell and thanks for all the fish

Heard from the sources of weatherford pcp and corod in edmonton that they are dead slow, most of the businesses being lost to lifting solutions since they bought rig services from weatherford. Ex weatherford employees running lifting solutions. Since... — read more 

Anyone who has been with this company for many years will be screwed. If you think you will get a decent severance when you get let go you are dreaming. WFT put a cap of 9 weeks regardless of your tenure. Plus they will not pay for any paid leave you... — read more 

The production of guar gum is no longer a core focus for the company," Weatherford President and CEO Mark A. McCollum said in a statement. Since when did WFT make Guar gum to where they sold it?? FRAUD!

This company is a joke. Lot's of unjustified positions like computer and pencil pushers, sales ppl that don't do f all but show up to work 1 or 2 days a week and collect a bonus/commission check. Inventory management positions that haven't a clue how... — read more 

What exactly is Weatherford's endgame? What is the goal of our current business strategy? From where I'm standing, it seems like we are aiming to go out of business within a few years. If that's the goal, then we are doing great. I doubt thought that... — read more 

‘’Intervention Directors ’’ punching more holes everyday in Weatherford sinking vessel thru the idiots buddy,,,,,,, Experts are quitting everyday

That’s at least 2000 off the payroll. Good luck to Ades trying to turn around that steaming pile that is in Algeria. Saudi has already been carved up by others so Kuwait and the KOC contracts the only thing liable to make the deal palatable.

Is this not the same company that's trying to save Weatherford? http://ewn.co.za/2018/07/10/calls-for-mckinsey-to-be-charged-penalty-over-eskom-saga

this company is playing with livelihood and again doing 59day layoff to new batch in canada abd recalling old batch so they don’t have to pay severance pay.... dirty and filthy game....

Rumor has it that fishing (ISDT), engineering big cuts on people and capex are all on the chopping block with private investors looking to buy it. Mark and his cronies believe it’s not the business they want to be in. Wireling / Formation Evaluation... — read more 

Former Hobbico employees frustrated after bankruptcy Job opportunities for Hobbico employees Hobbico employees weigh future options Hobbico assets up for auction Hobbico bankruptcy statement reveals massive debt Hobbico files for bankruptcy... — read more 

So, what are the odds that we see come sort of combining of product lines from the GE announcement of shedding Baker and the need for Weatherford to sell Business Units to manage their debt? Seems like the timeframe (2-3years) would be workable as... — read more 

So, when will labs get sold? It was announced and yet it seems to drag out. Did the buyer get scared away they would be judged harshly for picking up a turd? While we are talking about sales, what about rigs? Seemed they said it was going and then it... — read more 

I am fairly new to the company. From what I can tell most of the seasoned employees moral is crushed. It doesn't take long to tell how unhappy they are with the company and it's future. Is it true you guys went 4 years without any pay increase? The... — read more 

I want to start by saying, if you ever consider working for this company....run. The leadership on all functions care nothing for their people nor the hard work they put in to sustain the company. It is borderline criminal, the things they do to... — read more 

I am very proud to be a part of this company that stands up for my fellow USN and other branches of the military veterans. I know it is hard times and we need to support our people and other veterans. My fellow teammates here at WHR want to thank the... — read more 

Sadly Weatherford (BDD) never understood the value of organic R&D. He believed in R&D through acquisition. The problem with this is twofold. First Weatherford almost always paid a premium price to acquire new technologies. Second it is static. The... — read more 

Cost of living in midland is not sustainable. Schools are crap, no daycare availability, private schools have waiting lists so deep no one can get in, medical care is poor and waiting lists for Doctors, home prices are ridiculous and nothing to do... — read more