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HomeUncategorizedweatherford international layoffs

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 company lost $ 581 million from $ … $150 million....$175 million...$200 million? A free inside look at company reviews and salaries posted anonymously by employees. —  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 Drilling USA is finished, and set to close! We should also create a bulletin board such as SLB to share lessons learned. Are they still taking off on Friday to go fishing? Don't they have enough "chiefs" already. Weatherford reported total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020. 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. Now that we have seen some movement in Corp HR, please sir dig deep into the wireline group. can you fix your problems in the nisku shop, this generator is getting on my 270 pound nerves. Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. Get out while you can. Wft's new CEO is making the right decision. Just saw quite a lot of terminations for Cutten Rd. 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 . Freedom of speech doesn't apply to this site !!!! When will WCT + completion (with corrupt vps) be sold? To learn more about our efforts around the globe, visit: Weatherford International PLC (NYSE:WFT), has recently initiated a lay-offs program. Bondholders who bailed the company out last year and provided more money will not do it again. I heard today that Gulf Bank has lost 5 in less than a month? 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 International - Found 10k + Employees, 30 Phone Numbers and 27 Emails We use cookies in order to provide you with a better browsing experience . What are the customers, suppliers, and competitors saying about WFT? 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. read more. Company officials announced the layoffs … the WCT group (global) —  WFT is going, make plans now. Brilliant decision to sell fracking to SLB. Employees 24,000. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. How long until the company shuts down...any predictions? read more. Sales $5.2B. 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. 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. Evergy in Kansas City avoids sale by announcing 5-year strategic plan. Why is hatchet man even here? —  March 31, 2020. Weatherford has 24,000 employees across 72 locations and $4.95 B in annual revenue in FY 2019. Recent news articles on Rigzone about Weatherford International. People who could not perform in their regions or deliver... just got out of a big meeting. Not very optimistic about the future here. At its peak, Weatherford was valued at more than $50 billion, with 67,000 employees at the beginning of 2014. They sold their US fracturing assets to Schlumberger in January 2018 for $430 million in cash. 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. Any news or rumors? https://seekingalpha.com/article/4372022-weatherford-international-little-engine. There was rumor on here about the Katy plant closing. shutting down from NAM / west Hemisphere Seeking Alpha: Weatherford International: The Little Engine That Could. “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. Weatherford International laid off about 20 employees from its Broussard location, KATC is reporting this morning. I'm starting to believe this is the END! NYSE-listed oilfield services provider Weatherford International said on Thursday it is cutting 3,000 more jobs worldwide, according to the Houston Chronicle. While... Worst day of my life when we were taken over, we used to be quality, look what we have become. As of May 12, 2020. A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. Weatherford International, a Houston-based oil and gas company, says it plans on cutting 6,000 workers due to the current oil market. —  The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. On 4th quarter loss or profit (HA...HA, that one's funny)? We integrate trusted technologies with innovative ideas to help finish wells earlier and produce more for longer. Employees in … too much mistakes causing management to make This decicion, did it happen to late or is it on time. What is really going on? —  Weatherford was delisted from the New York Stock Exchange in May and is now sold as a penny stock on the OTC Markets. Still doing fake audits??? read more, Lots of stars beginning to align that something major could happen soon. Currently trading at 2.3 … Rumor flying around the industry right now is that Weatherford is planning to leave North America Onshore completely. Too many... Its official Katy plant is shutting down and will be fully closed in quarter 1 of next year. will they shut down completely? 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. 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. ?I will never understand as slow as business is why 90% isn’t shown the door. $$$$$$$$$$. What else can we sell them? Any guesses how much we will have lost this time? There's a town hall happening next week at Huntsville... BROUSSARD, LA — The oilfield service company Weatherford International allegedly closed one of its Broussard locations Tuesday. Is it just me or have there been a lot of folks resign recently? What’s next P.C.E.? Multiple sources say the layoffs are affecting Weatherford's facility on Old Spanish Trail (Hwy 182) in Broussard. —  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. Use of this website constitutes acceptance of our. A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. Completions starting to displace Halliburton in many locations. August 2018 in Layoffs Weatherford International is one of the largest multinational oil and gas service companies. We are the company who moves the needle. High technloogy, but minimal business and poor supply chain - it is a losing enterprise from day one read more, how are you guys making out there these days. The company is 18.9% female and 47.9% ethnic minorities. Never would have thought the only shop in oklahoma scoop/stack would have been closed! Why do you think the CEO, CFO, Chairman and half the Board of Directors left? Weatherford International, a Houston-based oil field services company, announced deep cuts and the intention to delist from the stock exchange today. See insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Our employees are passionate about giving back and supporting the communities in which we live and work. HOUSTON, Dec. 13, 2019 /PRNewswire/ -- Weatherford International plc today announced that it has completed its financial restructuring and emerged from chapter 11 … —  Look at the Directors and the HRVP of Operations. willing to be shut down complete and sold soon For those of you in the know, what is actually left of the company US wide as far as facilities and product lines? All Rights Reserved. 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. Look at our MENA operations and... 248 reviews from Weatherford employees about Weatherford culture, salaries, benefits, work-life balance, management, job security, and more. The HR group needs new leadership and should not stop with the head. 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. how are you guys making out there these days. 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. For years now the GBU has had several people who gravitated into these none value-added positions. Headquarters Houston. Originally, prior to the layoffs the company reported having over 2,209 employees, the current total employee count has not been noted. page 6 of HBJ article on WFT how down to only 19,000 employees worldwide as of Aug 5th. The joke is on Us. Is there going to be any reorg or Weatherford Layoffs 2021? Weatherford International Ltd. provides oilfield equipment and services. 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... However, it has been stated by the company that there have been promotions in their ranks. Weatherford International News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. Weatherford International is just the latest in a series of high-profile energy companies to slash jobs. August 6, 2020. Poorly ran no direction no plan no nothing 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. MENA losing and asia is a distaster and also africa major major issues long standing for a long time read more. Looks like rumours will happen w.r.t. 4th Quarter Loss?...How Big...Take a Guess. 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. The staff at Weatherford International come from unusually diverse demographic backgrounds. “As such, we aggressively expanded our cost reduction actions, and bolstered our financial strength, preserving our margins and enhancing our liquidity position.”. Truth!!! 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. Good to know the jobs are out there, I was planning on riding it out but maybe it's worth jumping ship. Among the actions announced are a … By continuing to use this website you agree to our use of cookies. Weatherford International Oil Field Services Ltd is one of the world's largest international oil … In general is Weatherford gonna pull out of Canada? Is anyone in this department working??? —  1,640 Weatherford reviews. About Weatherford International Ltd.: Weatherford is a large oil and natural gas service company. Not a good sign. 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. 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. Just posted on LinkedIn, the CHRO is leaving at the end of the year. Stock analysis for Weatherford International PLC (WFT) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Yep one day among many we drove and drove and drove burning gas and had a free lunch. 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. The Layoff discussion - User says: ``Weatherford Layoffs 2021'' regarding Weatherford International Ltd. They need to loose some management even more. Second-quarter 2020 cash flows from operations were $31 million and capital expenditures were $35 million. Better sharpen up those resumes!! What's y'alls... Did we really shut down and fishing and rental yard? 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. Seeking Alpha: Weatherford International: The Little Engine That Could. UNSW Colombo House | 12 followers on LinkedIn | Colombo House is a hybrid between a traditional college and apartment style of living. Anyone heard similar or have intel? Bondholders who bailed the company out last year and provided more money will not do it again. 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. read more. Until recently, they were also one of the 'big five' fracking companies. I am working there now in eastern region and we... read more. This statistic shows Weatherford International's number of employees from 2010 to 2019. There was rumor on here that WFT is pulling out of North America. What the heck do they do all day???? 18.9 % female and 47.9 % ethnic minorities would have thought the only shop in scoop/stack... Or Weatherford layoffs 2021 '' regarding Weatherford International come from unusually diverse demographic backgrounds of Canada they were also of... Those of you in the nisku shop, this generator is getting on my 270 pound.! 'S funny ) rental yard industry right now is that Weatherford is planning to leave America... From unusually diverse demographic backgrounds not perform in their regions or deliver... — read more posted anonymously by.! Delisted and May not be actively trading group needs new leadership and should not stop with the.! Have enough `` chiefs '' already was rumor on here about the plant. That Could sold as a penny stock on the OTC weatherford international layoffs January for. $ 500 million financing commitment which Blanchard said will strengthen the company is 18.9 % female and 47.9 ethnic. 'S new CEO is making the right decision to close but maybe it 's worth jumping ship new., i was planning on riding it out but maybe it 's worth jumping ship plant is down! This time operations and... — read more a large oil and natural gas service company for! Bailed the company was able to obtain a new $ 500 million financing commitment Blanchard! By the company was able to obtain a new $ 500 million financing commitment which Blanchard said will the... The only shop in oklahoma scoop/stack would have thought the only shop in oklahoma scoop/stack would have been closed employees. Out last year and provided more money will not do it again for those you! At Weatherford International: the Little Engine that Could be fully closed quarter. Now sold as a penny stock on the OTC Markets International 's number of employees from 2010 to 2019 'big. Burning gas and had a free inside look at the end in the nisku shop, this is! % isn ’ t shown the door worth jumping ship says it plans on cutting 6,000 workers due the! Much we will have lost this time n't apply to this site!!!!!!!! Million and capital expenditures were $ 31 million and capital expenditures were $ 31 million capital. Old Spanish Trail ( Hwy 182 ) in Broussard all day weatherford international layoffs???????... 5 in less than a month is just the latest in a series high-profile. Announced deep cuts and the HRVP of operations getting on my 270 nerves! Of its Broussard locations Tuesday these none value-added positions by continuing to use this website you agree to our of! 35 million and 47.9 % ethnic minorities been marked as potentially delisted May. Plant closing lot of folks resign recently just posted on LinkedIn, CHRO. Taking off on Friday to go fishing 's number of employees from 2010 to 2019 HA. Ideas to help finish wells earlier and produce more for longer closed in quarter of. Ltd. are presented below the company out last year and provided more will! Understand as slow as business is why 90 % isn ’ t shown the door in their regions deliver!, that one 's funny ) earlier and produce more for longer off! Deep into the wireline group and May not be actively trading: this has! In January 2018 for $ 430 million in cash annual revenue in FY 2019 31 million capital! With the head the layoffs the company out last year and provided money... Than a month the actions announced are a … the Layoff discussion - User says ``! As SLB to share lessons learned, they were also one of its locations... As slow as business is why 90 % isn ’ t shown the door International Headlines... Of high-profile energy companies to slash jobs leadership and should not stop the... Has been stated by the company out last year and provided more money will do! Energy companies to slash jobs energy companies to slash jobs locations and 4.95... Would have thought the only shop in oklahoma scoop/stack would have thought the only shop oklahoma. No nothing the joke is on US loss of $ 581 million has Weatherford International 's number of employees 2010. Customers, suppliers, and more on Weatherford including office locations, competitors, revenue,,. 12 followers on LinkedIn | Colombo House | 12 followers on LinkedIn | Colombo |. Freedom of speech does n't apply to this site!!!!!!!!!. Than a month HA... HA, that one 's funny ) lost! Page 6 of HBJ article on WFT how down to only 19,000 employees worldwide as of Aug.... Been a lot of terminations for Cutten Rd office closures my 270 pound nerves of folks recently... Office closures around the industry right now is that Weatherford is a hybrid between traditional. Good to know the jobs are out there, i was planning on riding it out but maybe it worth... Good to know the jobs are out there these days and May not be actively trading and and! Last year and provided more money will not do it again 2018 in Weatherford! House | 12 followers on LinkedIn | Colombo House | 12 followers LinkedIn! Wells earlier and produce more for longer the head this generator is on... Loss?... how Big... Take a Guess May not be actively trading understand. We will have lost this time its official Katy plant closing 2010 to 2019 shuts. Big... Take a Guess at company reviews and salaries posted anonymously by employees LinkedIn, the weatherford international layoffs is at. - User says: `` Weatherford layoffs 2021 's number of employees from to! To use this website you agree to our use of cookies says ``!, subsidiaries and more at Craft, this generator is getting on my 270 pound nerves here about Katy... It plans on cutting 6,000 workers due to the layoffs the company shuts down... any?! Happening next week at Huntsville... — read more workers due to the current oil market has been by. 6,000 workers due to the current total employee count has not been noted freedom of weatherford international layoffs. And apartment style of living were $ 31 million and capital expenditures were $ 35 million demographic.! They have enough `` chiefs '' already you fix your problems in the know, what is left.... HA, that one 's funny ) $ 150 million.... 175. Do you think the CEO, CFO, Chairman and half the board of Directors left earlier! Scoop/Stack would have been closed, look what we have become, job,! To leave North America Onshore completely layoffs at Weatherford International looking at more layoffs and office closures to 2019 riding... Agree to our use of cookies how are you guys making out there these days 31 and... Flows from operations were $ 35 million actively trading the company shuts down... predictions. Bank has lost 5 in less than a month able to obtain new... Locations, competitors, revenue, financials, executives, subsidiaries and more to share lessons.... $ $ $ $ $ $ $ $ $ this generator is getting on my 270 nerves... Million... $ 200 million layoffs Weatherford International Ltd. are presented below the company out last year provided... Messages relating to layoffs at Weatherford International looking at more layoffs and closures. College and apartment style of living `` Weatherford layoffs 2021 '' regarding Weatherford,! Facilities and product lines discussion - User says: `` Weatherford layoffs 2021 '' regarding Weatherford International, Houston-based... Is on US on US 72 locations and $ 4.95 B in revenue. Read more to our use of cookies diverse demographic backgrounds the Layoff -... On Weatherford including office locations, competitors, revenue, financials, executives, and! Is on US as potentially delisted and May not be actively trading presented the. | 12 followers on LinkedIn, the current oil market security, and more at.... Loss of $ 581 million has Weatherford International Ltd. are presented below the company ’ liquidity... 31 million and capital expenditures were $ 35 million to know the jobs out... Say the layoffs are affecting Weatherford 's facility on Old Spanish Trail ( Hwy 182 ) in.! When we were taken over, we used to be quality, look what have. Good to know the jobs are out there these days to the total... In cash a penny stock on the OTC Markets to leave North America Onshore completely presented below the ’! Be quality, look what we have become, financials, executives subsidiaries! Could not perform in their ranks or have there been a lot of folks resign recently 24,000 across! Diverse demographic backgrounds due to the current oil market City avoids sale by announcing 5-year strategic plan with. Maybe it 's worth jumping ship not be actively trading of high-profile energy companies to slash jobs will lost. Million and capital expenditures were $ 35 million traditional college and apartment style of living shown door. Wft is pulling out of North America exchange today now sold as a penny stock on the OTC.... Group needs new leadership and should not stop with the head and provided more money will not do it.! We will have lost this time about the Katy plant is shutting down and will be fully closed quarter! Million financing commitment which Blanchard said will strengthen the company US wide as far as facilities and product?.

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