Topics regarding layoffs at Weatherford International Ltd.

Topics regarding layoffs at Weatherford International Ltd.

Broussard hub

What is happening over there? Anyone has more info? I hear that there might be layoffs at Broussard as well.

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| 340 views | | 2 replies (last February 2, 2015)
Post ID: @OP+zR7sQuL

Layoffs in Louisiana

Just got laid off this morning. Severance package is two weeks pay and benefits until the end of march.

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| 380 views | | 5 replies (last February 11, 2015)
Post ID: @OP+zRmAOVs

BLACK DEATH MONDAY!

MONDAY is D----day so perpare yourself.....it is coming and have a very reliable source, next week is BLACK DEATH, all week long....so, don't be surprised.. GOOD LUCK to all!!

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| 670 views | | 19 replies (last February 3, 2015)
Post ID: @OP+zQTIGNI

Severance Package

I am just curious to know if anybody knows the quantum of severance being offered this time around for EXEMPT positions. The last time this happened in 2009, it was 1 week salary X number of years of service at WFT subject to a cap of 9 weeks.

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| 530 views | | 1 reply (February 1, 2015)
Post ID: @OP+zQvdQvV

Management on the cutting board?

Are managers being let go too? Pretty dumb to just cut workers. Weatherford has toooo many layers, managers. You can't cut all the workers. Most managers don't know to to do the job for the dept they're over.

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| 350 views | | 1 reply (February 1, 2015)
Post ID: @OP+zQDyjQC

Severance Pay and Termination Day

Those will be getting Weatherford severance pay must stay until their termination date. Otherwise they will give up their severance. Is making employees follow this legal? I think some employees are not waiting until their termination date to get... — read more 

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| 590 views | | 4 replies (last February 1, 2015)
Post ID: @OP+zQfWloq

Confirmed Layoffs in Fort Worth Plant

Confirmed layoffs in Fort Worth on Friday..Weatherford has decided to lay off most or all of their inventory management team in their Fort Worth manufacturing plant. What a joke..how can you expect to sell any inventory and free up some cash if you... — read more 

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| 430 views | | 4 replies (last February 2, 2015)
Post ID: @OP+zQV0CR1

Early retirement packages starting Monday

starting Monday WFT will be sending out letters (email or written if no WFT email) to those that qualify. The package is quite good compared to other companies packages. If you receive one, I'd suggested you evaluate carefully for your decision... — read more 

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| 580 views | | 10 replies (last February 5, 2015)
Post ID: @OP+zPBGxvP

Early retirement packages starting Monday

starting Monday WFT will be sending out letters (email or written if no WFT email) to those that qualify. The package is quite good compared to other companies packages. If you receive one, I'd suggested you evaluate carefully for your decision... — read more 

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| 345 views | | 1 reply (January 31, 2015)
Post ID: @OP+zPs1e5u

St James Layoffs 2015

St James has been letting people go since 2 wks ago. Apparently they're going through each department/product line. How many total so far at St James? Anyone know?

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| 442 views | | 2 replies (last February 1, 2015)
Post ID: @OP+zPHdreF

KW next?

Rumor at KW is Monday is D-day. I have seen some signs that I can't elaborate on that show this may be true.

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| 460 views | | 10 replies (last February 3, 2015)
Post ID: @OP+zPqKzpQ

Layoffs?? and Poor Management

The GM made everyone that has a PCard turn them in. The word is no purchases for at least 2 weeks. High level permission needed to spend as little as a cent for everyday supplies, material, etc! I don't know how we're supposed to get work done... — read more 

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| 334 views | | 3 replies (last February 1, 2015)
Post ID: @OP+zPeK04l

Lay offs in st james place

On thursday 01/29 my department was reduced to a couple of employees. I was called over and told my job function was redundant and eliminated effective immediately. Was walked to the HR department signed paperwork and the lady told me they had more... — read more 

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| 580 views | | 7 replies (last January 31, 2015)
Post ID: @OP+zOXvWBC

Houston Texas

It is confirmed massive layoffs will start next week in Houston.

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| 660 views | | 2 replies (last January 30, 2015)
Post ID: @OP+zO8acNN

Petroleum consulting layoffs

Do you know if Petroleum consulting is affected, I left on my own in 2010 and I am just curious here. I wish you all the best here, it's not easy. I made a decision to change industries and it's a bit more stable than in O&G but still there many... — read more 

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| 470 views | | 2 replies (last January 30, 2015)
Post ID: @OP+zO3sI9n

Confirmed

It has been confirmed layoff have started in Bakersfield California

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| 410 views | | 3 replies (last January 31, 2015)
Post ID: @OP+zN0RLEA

The health insurance cycle is through this Saturday. An employee terminated prior to Saturday will not incur another monthly cost.

I've seen 20 plus terminated in the last 3 days. If it costs WFT a $1000 in benefits to keep you for another month, timing makes sense. This is the 1st round. Don't spend time bitching, rather go persue gainful employment . Don't ask for my area or... — read more 

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| 240 views | | 4 replies (last January 30, 2015)
Post ID: @OP+zN9Ze65

Houston

http://abc13.com/news/schlumberger-workers-evacuated-due-to-bomb-threat/496317/

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| 340 views | | 3 replies (last January 30, 2015)
Post ID: @OP+zNwKgFW

It's begun

It's begun in Houston.

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| 410 views | | 6 replies (last January 29, 2015)
Post ID: @OP+zNrObta

Curious

Any news about Odessa stores that is going to happen

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| 400 views | | 1 reply (January 30, 2015)
Post ID: @OP+zNKcoDc

In Houston

If these up coming layoffs are 50% it will be because Weatherford has sold all interest in the company. Everyone will find out whats going to happen soon enough. I'm sure everyone is tired of the rumors and speculation. We all know 100% that layoffs... — read more 

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| 576 views | | 1 reply (January 29, 2015)
Post ID: @OP+zNJlkcr

50% reduction

I heard 50% reduction as well from a manager. It makes sense if the comparison between WFT and schlumberger are true.

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| 390 views | | 7 replies (last January 29, 2015)
Post ID: @OP+zMa4Jlv

WFT Layoffs will happen in 2015

WFT cut last year because it simply had too large of a headcount for the revenue compared to the industry. WFT WILL cut 10-20% due to the current state of the market. Yes it will have an adverse impact because WFT is very inefficient as is and hid... — read more 

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| 790 views | | 4 replies (last May 29, 2015)
Post ID: @OP+zMlptSt

Layoffs in Canada

Anyone heard anything regarding layoffs in Canada? Everyone in the shop is getting quite nervous.

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| 501 views | | 4 replies (last January 29, 2015)
Post ID: @OP+zMb3uxN

Weatherford Cut Prediction: 10-20%

Most employees will have read Bernards memo to company employees by now. If you havent he uses words like: lean, reduce, flatten, on a regular basis. Based on his wording, Weatherford will at least make an attempt to reduce the exorbitant number of... — read more 

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| 5540 views | | 16 replies (last February 16, 2016)
Post ID: @OP+zMe9M7o

Over %10

I am hearing the layoffs are going to be devastating. Word around the office is that it will be over %10

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| 790 views | | 11 replies (last January 28, 2015)
Post ID: @OP+zLqrOGg

Know your rights tired of the lies and ruined lives.

The Worker Adjustment and Retraining Notification Act (WARN Act) is a United States labor law which protects employees, their families, and communities by requiring most employers with 100 or more employees to provide 60 calendar-day advance... — read more 

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| 460 views | | 2 replies (last January 27, 2015)
Post ID: @OP+zIF3UnT

Day of reckoning tomorrow

It seems as though tomorrow Friday Jan 23 will begin the Weatherford layoffs. Watch for more security personnel tomorrow morning.

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| 650 views | | 17 replies (last January 29, 2015)
Post ID: @OP+zGpUonT

The waiting game

Does anyone else hate the waiting game Weatherford is playing with us. Everyone knows layoffs are coming but yet we dont know how many or when.

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| 380 views | | 6 replies (last January 28, 2015)
Post ID: @OP+zGMvrqI

Alice Frac Layoffs

http://www.kristv.com/news/former-weatherford-employee-says-over-100-workers-laid-off-and-more-to-come/

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| 790 views | | 5 replies (last January 22, 2015)
Post ID: @OP+zGnxMkg

The end of this Week or next

Word around the office is that we will finally get conformation on layoffs by the end of this week or next. One thing is for sure you if you see a lot of security this week or next its a pretty good sign people are getting walked out.

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| 390 views | | 6 replies (last January 22, 2015)
Post ID: @OP+zFlhTil

Its only a matter of time

With Weatherford freezing employees from selling their Weatherford stock until March there is major changes in the works.

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| 440 views | | 3 replies (last January 21, 2015)
Post ID: @OP+zF2phJX

"Weathering" the Storm

Its time already for the Weatherford layoof numbers to come out. Employee morale is extremely low right now.

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| 330 views | | 2 replies (last January 22, 2015)
Post ID: @OP+zFk3wsH

2015 layoff checklist

I was unlucky enough to overhear a conversation between two managers. It seems that Weatherford will be looking into political affiliations of their employees. If you are known to position yourself with the democratic party (The party of our present... — read more 

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| 700 views | | 10 replies (last January 22, 2015)
Post ID: @OP+zElpkSl

What's our number?

Today in the Houston Chronicle, Baker to cut 7000 jobs. When will Weatherford announce their number?

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| 320 views | | 2 replies (last January 20, 2015)
Post ID: @OP+zEHZg8f

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