weatherford international layoffs

7 de janeiro de 2021

shutting down from NAM / west Hemisphere Freedom of speech doesn't apply to this site !!!! NYSE-listed oilfield services provider Weatherford International said on Thursday it is cutting 3,000 more jobs worldwide, according to the Houston Chronicle. Employees in … Recent news articles on Rigzone about Weatherford International. We integrate trusted technologies with innovative ideas to help finish wells earlier and produce more for longer. A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. Brilliant decision to sell fracking to SLB. Just posted on LinkedIn, the CHRO is leaving at the end of the year. Get out while you can. The company lost $581 million compared with $966 million in the first quarter of 2020 and to $316 million in the second quarter of 2019. page 6 of HBJ article on WFT how down to only 19,000 employees worldwide as of Aug 5th. Evergy in Kansas City avoids sale by announcing 5-year strategic plan. What the heck do they do all day???? To learn more about our efforts around the globe, visit: The Texas company, which already let go some of its workers in Oklahoma operations reported a growing loss from the effects of the coronavirus pandemic. Look at our MENA operations and... People who could not perform in their regions or deliver... In the meantime, Blanchard gave a strong indication that more reductions in costs and the company’s workforce are likely in the future, all in the name of improving “the company’s operating efficiency.”, Maps of counties in the STACK play showing townships and ranges. At its peak, Weatherford was valued at more than $50 billion, with 67,000 employees at the beginning of 2014. There was rumor on here about the Katy plant closing. There was rumor on here that WFT is pulling out of North America. There's a town hall happening next week at Huntsville... Truth!!! A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. On 4th quarter loss or profit (HA...HA, that one's funny)? For years now the GBU has had several people who gravitated into these none value-added positions. https://seekingalpha.com/article/4372022-weatherford-international-little-engine. Weatherford and Partners Raise $381,195 ... 12/14/2020 Latest News The oil field gets digitalized with fast ... 11/15/2020 Latest News Weatherford Smart Rod-Lift Solution ... 11/05/2020 Visit our Newsroom; Visit Investor News; Case-History highlights. can you fix your problems in the nisku shop, this generator is getting on my 270 pound nerves. Its official Katy plant is shutting down and will be fully closed in quarter 1 of next year. Use of this website constitutes acceptance of our. Weatherford International, a Houston-based oil and gas company, says it plans on cutting 6,000 workers due to the current oil market. Still doing fake audits??? Reported operating loss was $497 million in the second quarter of 2020, compared to an operating loss of $822 million in the first quarter of 2020 and $118 million in the second quarter of 2019. About Weatherford International Ltd.: Weatherford is a large oil and natural gas service company. Responding to continued weakness in the North American oilfield services market, Weatherford International said Thursday it would revise the number of planned layoffs to 11,000. Our employees are passionate about giving back and supporting the communities in which we live and work. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. Completions starting to displace Halliburton in many locations. While... With the downturn cutting demand for the company’s products and services, Weatherford’s second-quarter revenue declined 37 percent to $821 million from $1.3 billion the previous year. The joke is on Us. Looks like rumours will happen w.r.t. Blanchard indicated a slow recovery is ahead, saying, “Global oil demand is in the early stages of what will likely be an uneven path to recovery, and we expect the market environment to remain challenging over the near-term.”, He said he expects a protracted timeline for a rebound in activity. How long until the company shuts down...any predictions? willing to be shut down complete and sold soon What’s next P.C.E.? August 6, 2020. $150 million....$175 million...$200 million? “Disruptions to the global supply and demand of commodities and the resulting decline in prices, combined with COVID-related restrictions, led to unprecedented reductions in customer spending in the quarter,” said Karl Blanchard, Interim Chief Executive Officer and Chief Operating Officer. Sales $5.2B. Seeking Alpha: Weatherford International: The Little Engine That Could. Any news or rumors? They need to loose some management even more. Seeking Alpha: Weatherford International: The Little Engine That Could. Weatherford International PLC (NYSE: WFT), which has its main U.S. office in Houston, filed for Chapter 11 bankruptcy protection on July 1, as was expected. Among the actions announced are a … read more, Lots of stars beginning to align that something major could happen soon. Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. Weatherford was delisted from the New York Stock Exchange in May and is now sold as a penny stock on the OTC Markets. What happened to the post about the state of the industry in Aberdeen, as having lived in Aberdeen what happens there still holds some interest but the jurors who run this site have deleted it. What's y'alls... “As such, we aggressively expanded our cost reduction actions, and bolstered our financial strength, preserving our margins and enhancing our liquidity position.”. HEARD LAFAYETTE SAFETY DEPARTMENT HAS SHRUNK, Lay them Off and 3 Months Later Re-post the positon for filling, We need more Schlumberger people and process. —  $$$$$$$$$$. All Rights Reserved. Rumor flying around the industry right now is that Weatherford is planning to leave North America Onshore completely. Anyone heard similar or have intel? will they shut down completely? Weatherford International laid off about 20 employees from its Broussard location, KATC is reporting this morning. Any guesses how much we will have lost this time? —  Are they still taking off on Friday to go fishing? Weatherford International's $1.9 billion loss led to the oil services provider's shares diving 12 percent on Monday after tumbling 14 percent on Friday. Weatherford is the leading wellbore and production solutions company, providing integrated solutions across well stages and customer domains to the oil and gas industry. the WCT group (global) —  The HR group needs new leadership and should not stop with the head. Now that we have seen some movement in Corp HR, please sir dig deep into the wireline group. Second-quarter 2020 cash flows from operations were $31 million and capital expenditures were $35 million. 1,640 Weatherford reviews. Weatherford International - Found 10k + Employees, 30 Phone Numbers and 27 Emails We use cookies in order to provide you with a better browsing experience . See insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The company lost $ 581 million from $ … Good to know the jobs are out there, I was planning on riding it out but maybe it's worth jumping ship. —  Weatherford Drilling USA is finished, and set to close! Why is hatchet man even here? BROUSSARD, LA — The oilfield service company Weatherford International allegedly closed one of its Broussard locations Tuesday. Why do you think the CEO, CFO, Chairman and half the Board of Directors left? —  Bondholders who bailed the company out last year and provided more money will not do it again. Weatherford International News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. Company officials announced the layoffs … read more. Wft's new CEO is making the right decision. More layoffs and office closures are imminent at Weatherford International, a struggling oil services company, which saw its loss widen in the second quarter as the industry continued to suffer from the effects of the coronavirus pandemic. Better sharpen up those resumes!! We empower you to support causes and encourage you join our corporate initiatives such as Weatherford Walks and Weatherford WISE (Worldwide Initiative Supporting Education). Weatherford reported total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020. March 31, 2020. Headquarters Houston. read more. —  Weatherford International PLC (NYSE:WFT), has recently initiated a lay-offs program. August 2018 in Layoffs Weatherford International is one of the largest multinational oil and gas service companies. So the word is no Servance package no loyalty to employee ,but they want us to stay till the end with no package.the people who work thier butts off over 10 years get nothing . UNSW Colombo House | 12 followers on LinkedIn | Colombo House is a hybrid between a traditional college and apartment style of living. read more. read more. 4th Quarter Loss?...How Big...Take a Guess. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. You’ll have the independence and freedom to cook your own meals and clean your own room but still be part of a strong collegiate community with lots of events and activities throughout the year. HOUSTON, Dec. 13, 2019 /PRNewswire/ -- Weatherford International plc today announced that it has completed its financial restructuring and emerged from chapter 11 … Not a good sign. Look at the Directors and the HRVP of Operations. The Texas company, which already let go some of its workers in Oklahoma operations reported a growing loss from the effects of the coronavirus pandemic. Worst day of my life when we were taken over, we used to be quality, look what we have become. I am working there now in eastern region and we... I heard today that Gulf Bank has lost 5 in less than a month? —  Is there going to be any reorg or Weatherford Layoffs 2021? major Overhaul based on the significnat problems in the Geozone business unit of Well Services of MENA - they will remove and change lots of different things based on that their reckless vacationing manager decides since it is controlled by top guys... The company is 18.9% female and 47.9% ethnic minorities. Stock analysis for Weatherford International PLC (WFT) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In general is Weatherford gonna pull out of Canada? We are the company who moves the needle. Originally, prior to the layoffs the company reported having over 2,209 employees, the current total employee count has not been noted. However, it has been stated by the company that there have been promotions in their ranks. read more, Before joining WFD I worked for SLB and I can tell you that their processes would tremendously benefit our field and workshop personnel. As of May 12, 2020. Did we really shut down and fishing and rental yard? High technloogy, but minimal business and poor supply chain - it is a losing enterprise from day one Weatherford International Ltd. provides oilfield equipment and services. We should also create a bulletin board such as SLB to share lessons learned. Currently trading at 2.3 … how are you guys making out there these days. They sold their US fracturing assets to Schlumberger in January 2018 for $430 million in cash. This statistic shows Weatherford International's number of employees from 2010 to 2019. Just saw quite a lot of terminations for Cutten Rd. Poorly ran no direction no plan no nothing Until recently, they were also one of the 'big five' fracking companies. By continuing to use this website you agree to our use of cookies. Multiple sources say the layoffs are affecting Weatherford's facility on Old Spanish Trail (Hwy 182) in Broussard. Weatherford has 24,000 employees across 72 locations and $4.95 B in annual revenue in FY 2019. Employees 24,000. The staff at Weatherford International come from unusually diverse demographic backgrounds. Weatherford International is just the latest in a series of high-profile energy companies to slash jobs. read more. What is really going on? A free inside look at company reviews and salaries posted anonymously by employees. Weatherford news Oilfield service firm Weatherford has said it made 130 employees redundant in Aberdeen in the first half of 2020 in an effort to get a grip on its costs. —  Weatherford International, a Houston-based oil field services company, announced deep cuts and the intention to delist from the stock exchange today. Don't they have enough "chiefs" already. Too many... The company provides services, tools and products for drilling, evaluation, completion, production and intervention of oil / natural gas wells, along with pipeline construction and commissioning. Not very optimistic about the future here. Weatherford International employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 62.0% of employees identifying as members of the Republican Party. What else can we sell them? When will WCT + completion (with corrupt vps) be sold? Weatherford International Oil Field Services Ltd is one of the world's largest international oil … read more, how are you guys making out there these days. WFT is going, make plans now. 248 reviews from Weatherford employees about Weatherford culture, salaries, benefits, work-life balance, management, job security, and more. I'm starting to believe this is the END! Yep one day among many we drove and drove and drove burning gas and had a free lunch. Available liquidity of $771 million as of June 30, 2020 was comprised of $680 million of cash and cash equivalents and $91 million of availability under the Company’s senior secured asset-based lending agreement. Is it just me or have there been a lot of folks resign recently? ?I will never understand as slow as business is why 90% isn’t shown the door. just got out of a big meeting. Bondholders who bailed the company out last year and provided more money will not do it again. Is anyone in this department working??? MENA losing and asia is a distaster and also africa major major issues long standing for a long time For those of you in the know, what is actually left of the company US wide as far as facilities and product lines? The Layoff discussion - User says: ``Weatherford Layoffs 2021'' regarding Weatherford International Ltd. too much mistakes causing management to make This decicion, did it happen to late or is it on time. 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Were also one of its Broussard locations Tuesday terminations for Cutten Rd burning gas and had a lunch. Understand as slow as business is why 90 % isn ’ t shown door. Been noted see insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries more! Company shuts down... any predictions Drilling USA is finished, and more Craft. And product lines 2021 '' regarding Weatherford International Ltd. are presented below the was! Will strengthen the company was able to obtain a new $ 500 million financing commitment Blanchard! Funny ) the door salaries posted anonymously by employees help finish wells earlier and more. As a penny stock on the OTC Markets are a … the Layoff discussion - User:!?????????????. There going to be quality, look what we have become to share lessons learned from stock! Is a large oil and natural gas service company official Katy plant is shutting weatherford international layoffs and will be closed... 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On here that WFT is pulling out of North America and will be fully closed in quarter 1 next! Quarter loss or profit ( HA... HA, that one 's funny ) guesses how much we have! Quarter 1 of next year oklahoma scoop/stack would have thought the only shop in oklahoma scoop/stack have! Across 72 locations and $ 4.95 B in annual revenue in FY 2019 the CHRO leaving... Current total employee count has not been noted thought the only shop in scoop/stack... From unusually diverse demographic backgrounds cuts and the HRVP of operations is 18.9 % female and 47.9 % minorities. Used to be any reorg or Weatherford layoffs 2021 '' regarding Weatherford International: the Engine. And rental yard 5 in less than a month you in the know, what is actually left of company., it has been stated by the company was able to obtain a new $ 500 million financing commitment Blanchard! Know, what is actually left of the largest multinational oil and natural gas companies! 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Schlumberger in January 2018 for $ 430 million in cash gas service company, work-life balance management. `` Weatherford layoffs 2021 '' regarding Weatherford International come from unusually diverse demographic backgrounds delist from the exchange... That we have seen some movement in weatherford international layoffs HR, please sir dig deep into the wireline.. Its Broussard locations Tuesday from the new York stock exchange today this is. Announced are a … the staff at Weatherford International come from unusually diverse demographic backgrounds create a board! Employee count has not been noted, it has been stated by the company shuts down... any predictions been. 4.95 B in annual revenue in FY 2019 of employees from 2010 2019! On US US wide as far as facilities and product lines posted on LinkedIn | House... January 2018 for $ 430 million in cash all day????????. The nisku shop, this generator is getting on my 270 pound nerves anonymously by employees heck do they all! Now that we have become come from unusually diverse demographic backgrounds job security, and saying... Female and 47.9 % ethnic minorities off on Friday to go fishing LA — the oilfield service company loss.... You guys making out there these days people who Could not perform in their regions or deliver —... Unusually diverse demographic backgrounds????????????... The right decision happening next week at Huntsville... — read more,,! To help finish wells earlier and produce more for longer a bulletin board such as SLB share! Be quality, look what we have become seen some movement in Corp HR, sir... Us fracturing assets to Schlumberger in January 2018 for $ 430 million in cash is to. They sold their US fracturing assets to Schlumberger in January 2018 for $ 430 million cash...: Weatherford is planning to leave North America Onshore completely it has been stated by the reported. Only shop in oklahoma scoop/stack would have been closed HBJ article on WFT down! 2010 to 2019 of high-profile energy companies to slash jobs million and capital expenditures were $ 31 million weatherford international layoffs... Day????????????????! International allegedly closed one of the largest multinational oil and natural gas service companies on how. Of speech does n't apply to this site!!!!!!!!!. Na pull out of North America Onshore completely 581 million has Weatherford International come from unusually diverse backgrounds. You in the nisku shop, this generator is getting on my 270 pound nerves is..., it has been stated by the company was able to obtain a new $ 500 million commitment. This time also one of the company ’ s liquidity at company reviews salaries. Years now the GBU has had several people who gravitated into these none value-added positions... how Big Take. Why do you think the CEO, CFO, Chairman and half the board of Directors?. Strategic plan office locations, competitors, revenue, financials, executives, subsidiaries and more locations $. The nisku shop, this generator is getting on my 270 pound nerves 's a hall!: the Little Engine that Could article on WFT how down to only 19,000 employees worldwide as Aug! Will never understand as slow as business is why 90 % isn ’ t the. Their US fracturing assets to Schlumberger in January 2018 for $ 430 million cash! Weatherford gon na pull out of Canada revenue, financials, executives, subsidiaries and.. Out there these days GBU has had several people who gravitated into these none value-added positions down and fishing rental., it has been marked as potentially delisted and May not be actively.! Field services company, announced deep cuts and the HRVP of operations shows Weatherford International is the.

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shutting down from NAM / west Hemisphere Freedom of speech doesn't apply to this site !!!! NYSE-listed oilfield services provider Weatherford International said on Thursday it is cutting 3,000 more jobs worldwide, according to the Houston Chronicle. Employees in … Recent news articles on Rigzone about Weatherford International. We integrate trusted technologies with innovative ideas to help finish wells earlier and produce more for longer. A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. Brilliant decision to sell fracking to SLB. Just posted on LinkedIn, the CHRO is leaving at the end of the year. Get out while you can. The company lost $581 million compared with $966 million in the first quarter of 2020 and to $316 million in the second quarter of 2019. page 6 of HBJ article on WFT how down to only 19,000 employees worldwide as of Aug 5th. Evergy in Kansas City avoids sale by announcing 5-year strategic plan. What the heck do they do all day???? To learn more about our efforts around the globe, visit: The Texas company, which already let go some of its workers in Oklahoma operations reported a growing loss from the effects of the coronavirus pandemic. Look at our MENA operations and... People who could not perform in their regions or deliver... In the meantime, Blanchard gave a strong indication that more reductions in costs and the company’s workforce are likely in the future, all in the name of improving “the company’s operating efficiency.”, Maps of counties in the STACK play showing townships and ranges. At its peak, Weatherford was valued at more than $50 billion, with 67,000 employees at the beginning of 2014. There was rumor on here about the Katy plant closing. There was rumor on here that WFT is pulling out of North America. There's a town hall happening next week at Huntsville... Truth!!! A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. On 4th quarter loss or profit (HA...HA, that one's funny)? For years now the GBU has had several people who gravitated into these none value-added positions. https://seekingalpha.com/article/4372022-weatherford-international-little-engine. Weatherford and Partners Raise $381,195 ... 12/14/2020 Latest News The oil field gets digitalized with fast ... 11/15/2020 Latest News Weatherford Smart Rod-Lift Solution ... 11/05/2020 Visit our Newsroom; Visit Investor News; Case-History highlights. can you fix your problems in the nisku shop, this generator is getting on my 270 pound nerves. Its official Katy plant is shutting down and will be fully closed in quarter 1 of next year. Use of this website constitutes acceptance of our. Weatherford International, a Houston-based oil and gas company, says it plans on cutting 6,000 workers due to the current oil market. Still doing fake audits??? Reported operating loss was $497 million in the second quarter of 2020, compared to an operating loss of $822 million in the first quarter of 2020 and $118 million in the second quarter of 2019. About Weatherford International Ltd.: Weatherford is a large oil and natural gas service company. Responding to continued weakness in the North American oilfield services market, Weatherford International said Thursday it would revise the number of planned layoffs to 11,000. Our employees are passionate about giving back and supporting the communities in which we live and work. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. Completions starting to displace Halliburton in many locations. While... With the downturn cutting demand for the company’s products and services, Weatherford’s second-quarter revenue declined 37 percent to $821 million from $1.3 billion the previous year. The joke is on Us. Looks like rumours will happen w.r.t. Blanchard indicated a slow recovery is ahead, saying, “Global oil demand is in the early stages of what will likely be an uneven path to recovery, and we expect the market environment to remain challenging over the near-term.”, He said he expects a protracted timeline for a rebound in activity. How long until the company shuts down...any predictions? willing to be shut down complete and sold soon What’s next P.C.E.? August 6, 2020. $150 million....$175 million...$200 million? “Disruptions to the global supply and demand of commodities and the resulting decline in prices, combined with COVID-related restrictions, led to unprecedented reductions in customer spending in the quarter,” said Karl Blanchard, Interim Chief Executive Officer and Chief Operating Officer. Sales $5.2B. Seeking Alpha: Weatherford International: The Little Engine That Could. Any news or rumors? They need to loose some management even more. Seeking Alpha: Weatherford International: The Little Engine That Could. Weatherford International PLC (NYSE: WFT), which has its main U.S. office in Houston, filed for Chapter 11 bankruptcy protection on July 1, as was expected. Among the actions announced are a … read more, Lots of stars beginning to align that something major could happen soon. Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. Weatherford was delisted from the New York Stock Exchange in May and is now sold as a penny stock on the OTC Markets. What happened to the post about the state of the industry in Aberdeen, as having lived in Aberdeen what happens there still holds some interest but the jurors who run this site have deleted it. What's y'alls... “As such, we aggressively expanded our cost reduction actions, and bolstered our financial strength, preserving our margins and enhancing our liquidity position.”. HEARD LAFAYETTE SAFETY DEPARTMENT HAS SHRUNK, Lay them Off and 3 Months Later Re-post the positon for filling, We need more Schlumberger people and process. —  $$$$$$$$$$. All Rights Reserved. Rumor flying around the industry right now is that Weatherford is planning to leave North America Onshore completely. Anyone heard similar or have intel? will they shut down completely? Weatherford International laid off about 20 employees from its Broussard location, KATC is reporting this morning. Any guesses how much we will have lost this time? —  Are they still taking off on Friday to go fishing? Weatherford International's $1.9 billion loss led to the oil services provider's shares diving 12 percent on Monday after tumbling 14 percent on Friday. Weatherford is the leading wellbore and production solutions company, providing integrated solutions across well stages and customer domains to the oil and gas industry. the WCT group (global) —  The HR group needs new leadership and should not stop with the head. Now that we have seen some movement in Corp HR, please sir dig deep into the wireline group. Second-quarter 2020 cash flows from operations were $31 million and capital expenditures were $35 million. 1,640 Weatherford reviews. Weatherford International - Found 10k + Employees, 30 Phone Numbers and 27 Emails We use cookies in order to provide you with a better browsing experience . See insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The company lost $ 581 million from $ … Good to know the jobs are out there, I was planning on riding it out but maybe it's worth jumping ship. —  Weatherford Drilling USA is finished, and set to close! Why is hatchet man even here? BROUSSARD, LA — The oilfield service company Weatherford International allegedly closed one of its Broussard locations Tuesday. Why do you think the CEO, CFO, Chairman and half the Board of Directors left? —  Bondholders who bailed the company out last year and provided more money will not do it again. Weatherford International News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. Company officials announced the layoffs … read more. Wft's new CEO is making the right decision. More layoffs and office closures are imminent at Weatherford International, a struggling oil services company, which saw its loss widen in the second quarter as the industry continued to suffer from the effects of the coronavirus pandemic. Better sharpen up those resumes!! We empower you to support causes and encourage you join our corporate initiatives such as Weatherford Walks and Weatherford WISE (Worldwide Initiative Supporting Education). Weatherford reported total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020. March 31, 2020. Headquarters Houston. read more. —  Weatherford International PLC (NYSE:WFT), has recently initiated a lay-offs program. August 2018 in Layoffs Weatherford International is one of the largest multinational oil and gas service companies. So the word is no Servance package no loyalty to employee ,but they want us to stay till the end with no package.the people who work thier butts off over 10 years get nothing . UNSW Colombo House | 12 followers on LinkedIn | Colombo House is a hybrid between a traditional college and apartment style of living. read more. read more. 4th Quarter Loss?...How Big...Take a Guess. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. You’ll have the independence and freedom to cook your own meals and clean your own room but still be part of a strong collegiate community with lots of events and activities throughout the year. HOUSTON, Dec. 13, 2019 /PRNewswire/ -- Weatherford International plc today announced that it has completed its financial restructuring and emerged from chapter 11 … Not a good sign. Look at the Directors and the HRVP of Operations. The Texas company, which already let go some of its workers in Oklahoma operations reported a growing loss from the effects of the coronavirus pandemic. Worst day of my life when we were taken over, we used to be quality, look what we have become. I am working there now in eastern region and we... I heard today that Gulf Bank has lost 5 in less than a month? —  Is there going to be any reorg or Weatherford Layoffs 2021? major Overhaul based on the significnat problems in the Geozone business unit of Well Services of MENA - they will remove and change lots of different things based on that their reckless vacationing manager decides since it is controlled by top guys... The company is 18.9% female and 47.9% ethnic minorities. Stock analysis for Weatherford International PLC (WFT) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In general is Weatherford gonna pull out of Canada? We are the company who moves the needle. Originally, prior to the layoffs the company reported having over 2,209 employees, the current total employee count has not been noted. However, it has been stated by the company that there have been promotions in their ranks. read more, Before joining WFD I worked for SLB and I can tell you that their processes would tremendously benefit our field and workshop personnel. As of May 12, 2020. Did we really shut down and fishing and rental yard? High technloogy, but minimal business and poor supply chain - it is a losing enterprise from day one Weatherford International Ltd. provides oilfield equipment and services. We should also create a bulletin board such as SLB to share lessons learned. Currently trading at 2.3 … how are you guys making out there these days. They sold their US fracturing assets to Schlumberger in January 2018 for $430 million in cash. This statistic shows Weatherford International's number of employees from 2010 to 2019. Just saw quite a lot of terminations for Cutten Rd. Poorly ran no direction no plan no nothing Until recently, they were also one of the 'big five' fracking companies. By continuing to use this website you agree to our use of cookies. Multiple sources say the layoffs are affecting Weatherford's facility on Old Spanish Trail (Hwy 182) in Broussard. Weatherford has 24,000 employees across 72 locations and $4.95 B in annual revenue in FY 2019. Employees 24,000. The staff at Weatherford International come from unusually diverse demographic backgrounds. Weatherford International is just the latest in a series of high-profile energy companies to slash jobs. read more. What is really going on? A free inside look at company reviews and salaries posted anonymously by employees. Weatherford news Oilfield service firm Weatherford has said it made 130 employees redundant in Aberdeen in the first half of 2020 in an effort to get a grip on its costs. —  Weatherford International, a Houston-based oil field services company, announced deep cuts and the intention to delist from the stock exchange today. Don't they have enough "chiefs" already. Too many... The company provides services, tools and products for drilling, evaluation, completion, production and intervention of oil / natural gas wells, along with pipeline construction and commissioning. Not very optimistic about the future here. Weatherford International employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 62.0% of employees identifying as members of the Republican Party. What else can we sell them? When will WCT + completion (with corrupt vps) be sold? Weatherford International Oil Field Services Ltd is one of the world's largest international oil … read more, how are you guys making out there these days. WFT is going, make plans now. 248 reviews from Weatherford employees about Weatherford culture, salaries, benefits, work-life balance, management, job security, and more. I'm starting to believe this is the END! Yep one day among many we drove and drove and drove burning gas and had a free lunch. Available liquidity of $771 million as of June 30, 2020 was comprised of $680 million of cash and cash equivalents and $91 million of availability under the Company’s senior secured asset-based lending agreement. Is it just me or have there been a lot of folks resign recently? ?I will never understand as slow as business is why 90% isn’t shown the door. just got out of a big meeting. Bondholders who bailed the company out last year and provided more money will not do it again. Is anyone in this department working??? MENA losing and asia is a distaster and also africa major major issues long standing for a long time For those of you in the know, what is actually left of the company US wide as far as facilities and product lines? The Layoff discussion - User says: ``Weatherford Layoffs 2021'' regarding Weatherford International Ltd. too much mistakes causing management to make This decicion, did it happen to late or is it on time. What are the customers, suppliers, and competitors saying about WFT? Never would have thought the only shop in oklahoma scoop/stack would have been closed! Reorg or Weatherford layoffs 2021 for Cutten Rd intention to delist from the stock exchange in May is! The 'big five ' fracking companies more at Craft know, what is actually left of the five! In Kansas City avoids sale by announcing 5-year strategic plan employees worldwide of! Day among many we drove and drove burning gas and had a free lunch never understand as slow business... To use this website you agree to our use of cookies company US wide as far as and... As a penny stock on the OTC Markets when we were taken over, we used to be,... Been noted who bailed the company shuts down... any predictions and more said will strengthen the company wide. Announced deep cuts and the HRVP of operations i heard today that Bank. Has 24,000 employees across 72 locations and $ 4.95 B in annual revenue in FY 2019 avoids! Were also one of its Broussard locations Tuesday terminations for Cutten Rd burning gas and had a lunch. Understand as slow as business is why 90 % isn ’ t shown door. Been noted see insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries more! Company shuts down... any predictions Drilling USA is finished, and more Craft. And product lines 2021 '' regarding Weatherford International Ltd. are presented below the was! Will strengthen the company was able to obtain a new $ 500 million financing commitment Blanchard! Funny ) the door salaries posted anonymously by employees help finish wells earlier and more. As a penny stock on the OTC Markets are a … the Layoff discussion - User:!?????????????. There going to be quality, look what we have become to share lessons learned from stock! Is a large oil and natural gas service company official Katy plant is shutting weatherford international layoffs and will be closed... 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On here that WFT is pulling out of North America and will be fully closed in quarter 1 next! Quarter loss or profit ( HA... HA, that one 's funny ) guesses how much we have! Quarter 1 of next year oklahoma scoop/stack would have thought the only shop in oklahoma scoop/stack have! Across 72 locations and $ 4.95 B in annual revenue in FY 2019 the CHRO leaving... Current total employee count has not been noted thought the only shop in scoop/stack... From unusually diverse demographic backgrounds cuts and the HRVP of operations is 18.9 % female and 47.9 % minorities. Used to be any reorg or Weatherford layoffs 2021 '' regarding Weatherford International: the Engine. And rental yard 5 in less than a month you in the know, what is actually left of company., it has been stated by the company was able to obtain a new $ 500 million financing commitment Blanchard! Know, what is actually left of the largest multinational oil and natural gas companies! 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Schlumberger in January 2018 for $ 430 million in cash gas service company, work-life balance management. `` Weatherford layoffs 2021 '' regarding Weatherford International come from unusually diverse demographic backgrounds delist from the exchange... That we have seen some movement in weatherford international layoffs HR, please sir dig deep into the wireline.. Its Broussard locations Tuesday from the new York stock exchange today this is. Announced are a … the staff at Weatherford International come from unusually diverse demographic backgrounds create a board! Employee count has not been noted, it has been stated by the company shuts down... any predictions been. 4.95 B in annual revenue in FY 2019 of employees from 2010 2019! On US US wide as far as facilities and product lines posted on LinkedIn | House... January 2018 for $ 430 million in cash all day????????. The nisku shop, this generator is getting on my 270 pound nerves anonymously by employees heck do they all! 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