We've been told by management that there will be no more layoffs and we have nothing to worry about... Ya right that is bullshit. Something is going on. I knew great people who were let go earlier in the year, wish I were them right now, not knowing... — read more 

something is definitely going on. in the last year, all OT has been done away with, the merit raises were minimal, and monthly quotas keep going down in manufacturing. plus Chinese "visitors" make you wonder when, not if, you job will be eliminated... — read more 

and here we go: http://www.reuters.com/article/2013/07/31/weatherford-disposals-idUSL1N0G12E920130731

As stated before, we will be bought out. Please read the article at the link below. http://finance.yahoo.com/news/exclusive-weatherford-chinas-sinopec-close-075436453.html

Hi - what does "running the organization from Canada" mean?

We are laying off more staff in the coming months to help cut costs and ensure our accounting numbers look valid to stockholders. We do not have enough capital to continue operation so we are strictly operating via credit basis only. We have a strong... — read more 

As I said 4 months ago, WFT is prepping itself to be bought. We were told by our GM the company is doing well and the company is making money. I don't buy it at all because if it were true, we wouldn't have these layoffs, which included a couple of... — read more 

We aren't paying any vendors as everything is on a freeze. We are using as much credit as we possibly can in order to purchase necessary items to ensure company continues to function. Every department is a skeleton crew. Though many of the IT staff... — read more 

R they paying contract vendors? I'm still waiting to get pd - it's been several weeks.

Is Weatherford shutting down plants and consolidating?

Can't pay our bills. Debt is way to high. Going to be selling some assets soon just to cover payroll and future severance packages for employee terminations. 20% reduction in work force by end of year.

Look for the stock to rise to $18.00+/share over the next month.

I was laid off too after 25 years with the company and no explanation given. I did get a nice severance package though, $40K that will help out until I find other employment. The company will continue to lay off until they "right size" the... — read more 

Laid off last week and what a bummer. Managerment gave no reason to being laid off, simply asked me to meet in the small meeting room with HR rep waiting. Asked to sign the agreement papers and was escorted out. Company has too many problems with... — read more 

The facility in Katy, TX is for WFT's artificial lift systems.

WFT has new facility with 500+ openings in Katy. Apparently moving the Odessa facility. Does anyone know or can assume what the purpose of this move is?

WFT has 500+ openings in Katy at new plant. I assume moving in from Odessa. Does anyone know or can assume what is the object of this facility?

what location did that happen At

Seven folks from my group were let go today

Rumors running wild. Most of us wondering when the axe will fall, will we get our merit raises before the big boys get their bonuses. When the random drug test will be. Umm, yeah, the secret is out. Am sure the convenient stores are selling plenty of... — read more 

How soon after we are laid off will our insurance cover or is it immediately cut off? Also, how soon can we get out 401k since I will need to survive of that for awhile till I find another job. Is there any good places to apply in Oklahoma or do I... — read more 

Got laid off Wednesday and last day was Friday, do you think they will call us back

what facility was that?

The night shift was just eliminated at the facility I work at and some were fired due to a random drug test.

The total employee counts will see a 5%+ reduction in all Business Units in the USA by end of June 2013. Layoffs will continue in July and August. If company does not see a financial turnaround by the third quarter then layoffs will continue in the... — read more 

We will be conducting a "random" drug test to try and release some more of our work force. Corporate is really starting to emphasize on attendance and scrap heavy employees. Also looks like their will be no merit raises for the near foreseeable... — read more 

WFT is absolutely in trouble with vendors. They have been seeing increased costs from vendors due to their poor record of paying their bills. This affects not only delivery dates for receipt of goods but overall profits. The second point is that some... — read more 

Confirming cash flow issues - 100% - we are in deep trouble. I know 2 folks who were let go last week. At this cash burn rate we will not be able to pay salaries

yes many vendors are now putting our accounts on credit hold meaning we must pay cash to receive materials. Not sure why a big company like WFT can't pay its bills

From where and what location? Product line?

its friday - 2 more were let go

We had a layoff on Monday. Mostly temps and bad attendance guys. Manager was pretty vague on any future layoffs when asked.

As a project engineer, I was laid off yesterday afternoon (5/1/13) because of the downsizing the company. The compensation is only two weeks pay. The big boat is really sinking.

As a project engineer, I was laid off yesterday afternoon (5/1/13) because of the downsizing the company. The compensation is only two weeks pay. The big boat is really sinking.

As a project engineer, I was laid off yesterday afternoon (5/1/13) because of the downsizing the company. The compensation is only two weeks pay. The big boat is really sinking.

I agree. Weatherford is acting as though its about to sell itself.

Wonder if the debt level near their equity (D/E of 80%), which is above industry standard has anything to do with current situation. You can only spend, spend, acquire, acquire, for so long. Its not easy to be in upper management in a company, but it... — read more 

Why do you say that? I've heard about the layoffs Weatherford always has. But it appears they are prepping itself for a major acquisition. It's not like it would take much to do so.

You obviously haven't been at the company for long..

Do you think the company is about to be sold?