Oilfield giant to cut up to 8,000 jobs, mostly in the U.S. Feb 5, 2015, 8:54am CST Share on Google + Share on Facebook Share on LinkedIn Share on Twitter Email this article Save Order Reprints Print Bernard Duroc-Danner/ Bloomberg Enlarge Photo Chris... — read more 

Perhaps we should start an Alumni Club for employees who got the Axe in the past few years. We could tell all about the dirt little secrets of management, etc. that no one is mentioning and throw some management names out there at the same time.

Per Krishna on conference call 5,000 layoffs in Q1, 3,000 more in Q2. Total employee headcount less than 50,000 by the end of the year.

Do you think that directional drillers will be let go in this wave. I hope things turn out good but I am very anxious.

It's going to be very bloody, 5,000 is a huge number, it's a bit less than what some predicted, but we'll see what happens over next weeks - good luck to all of us, we will need it - Here is the source:... — read more 

All there

From Q4 report: Due to the quickly changing market conditions, we are aligning and reducing our cost as well as organizational structures to match the new environment. As a result, we will have a leaner structure and a tighter organization. We have... — read more 

Any idea when they will be done at St James?

The fact that a company can't wait 9 more days to lay someone off so that they are eligible for unemployment really says something... Thanks for nothing Weatherford.

How is it that people are on here questioning Bernards ability as CEO of Weatherford and doing more layoffs? The poor guys pay package dropped to $7.2 million last year..put into perspective that means he only made about $138K per week. How do you... — read more 

So, now you take the most recent layoffs in consideration, if somebody was to ask you how was working at Weatherford, what would you say? How would you define it and describe it.

Only 6 let go today that I know of

Many sad faces here (Park 10) - I hope it is not as sad as it looks.

Layoffs are happening now in IT.

PC Pump/Corod, I hope we are all done

What a poor leader. Have some courage, look your workers in their faces and tell them what your plan is. SLB, Baker and BP leaders at least had guts to do that. Duroc-Danner does not deserve to lead us.

They started laying off today at Katy as stated in another post, St James, JFK, and all points in between. Thursday looks to be a particularly high layoff day after earnings are announced on Wednesday. The memo they sent out said they would be... — read more 

Any news of management getting cut?

I can bet that we'll see $75 oil in next 2 months, I've seen this happen before. And, prices will stabilize. Yet, look at the craziness that our management is pushing us though.

Does anyone know what this early retirement rumor consists of and who will qualify ?

How crazy is this? I am not saying that the people claiming this are crazy, I am just saying that this would be a major cut that would compromise the very existence of WTF. Nothing can surprise me any more, 2015 will prove to be the year of layoffs... — read more 

From what i hear in the Western region is that locations are closing and a lot of people are getting laid off. Which would make those rumored numbers wrong. At least thats the way I feel. MT

Manager laid off today

Anyone hear if there are any layoffs pending at the Huntsville Texas facility?

Does anyone know if they are done laying people off at St. James? My manager hasn't addressed the situation at all and people have been nervously waiting for the last few weeks to see if our group gets hit.

They laid off at Pumping Units last week.