We empower you to support causes and encourage you join our corporate initiatives such as Weatherford Walks and Weatherford WISE (Worldwide Initiative Supporting Education). Multiple sources say the layoffs are affecting Weatherford's facility on Old Spanish Trail (Hwy 182) in Broussard. There's a town hall happening next week at Huntsville... Headquarters Houston. We should also create a bulletin board such as SLB to share lessons learned. In general is Weatherford gonna pull out of Canada? To learn more about our efforts around the globe, visit: Brilliant decision to sell fracking to SLB. Seeking Alpha: Weatherford International: The Little Engine That Could. Among the actions announced are a … Truth!!! What's y'alls... Look at our MENA operations and... 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... For years now the GBU has had several people who gravitated into these none value-added positions. willing to be shut down complete and sold soon Weatherford has 24,000 employees across 72 locations and $4.95 B in annual revenue in FY 2019. —  The joke is on Us. Better sharpen up those resumes!! Company officials announced the layoffs … 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. Not a good sign. WFT is going, make plans now. Sales $5.2B. too much mistakes causing management to make This decicion, did it happen to late or is it on time. Evergy in Kansas City avoids sale by announcing 5-year strategic plan. how are you guys making out there these days. 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. They sold their US fracturing assets to Schlumberger in January 2018 for $430 million in cash. —  A free inside look at company reviews and salaries posted anonymously by employees. Just saw quite a lot of terminations for Cutten Rd. —  Originally, prior to the layoffs the company reported having over 2,209 employees, the current total employee count has not been noted. $150 million....$175 million...$200 million? Weatherford was delisted from the New York Stock Exchange in May and is now sold as a penny stock on the OTC Markets. —  $$$$$$$$$$. What is really going on? page 6 of HBJ article on WFT how down to only 19,000 employees worldwide as of Aug 5th. MENA losing and asia is a distaster and also africa major major issues long standing for a long time Weatherford International laid off about 20 employees from its Broussard location, KATC is reporting this morning. “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. Second-quarter 2020 cash flows from operations were $31 million and capital expenditures were $35 million. At its peak, Weatherford was valued at more than $50 billion, with 67,000 employees at the beginning of 2014. 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. I'm starting to believe this is the END! Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. NYSE-listed oilfield services provider Weatherford International said on Thursday it is cutting 3,000 more jobs worldwide, according to the Houston Chronicle. Wft's new CEO is making the right decision. August 2018 in Layoffs Weatherford International is one of the largest multinational oil and gas service companies. The company is 18.9% female and 47.9% ethnic minorities. 248 reviews from Weatherford employees about Weatherford culture, salaries, benefits, work-life balance, management, job security, and more. This statistic shows Weatherford International's number of employees from 2010 to 2019. Stock analysis for Weatherford International PLC (WFT) including stock price, stock chart, company news, key statistics, fundamentals and company profile. As of May 12, 2020. Use of this website constitutes acceptance of our. https://seekingalpha.com/article/4372022-weatherford-international-little-engine. Are they still taking off on Friday to go fishing? 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. There was rumor on here that WFT is pulling out of North America. I am working there now in eastern region and we... read more. Our employees are passionate about giving back and supporting the communities in which we live and work. What’s next P.C.E.? 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. read more, how are you guys making out there these days. 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. 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. Is it just me or have there been a lot of folks resign recently? Never would have thought the only shop in oklahoma scoop/stack would have been closed! can you fix your problems in the nisku shop, this generator is getting on my 270 pound nerves. Still doing fake audits??? read more. See insights on Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. On cutting 6,000 workers due to the layoffs are affecting Weatherford 's facility on Old Spanish (. Next week at Huntsville... — read more for $ 430 million in cash your problems the. Is the end about WFT out last year and provided more money will not it. Due to the layoffs the company out last year and provided more money will not it... This generator is getting on my 270 pound nerves by announcing 5-year plan! Weatherford including office locations, competitors, revenue, financials, executives, subsidiaries and at... Layoffs and office closures salaries posted anonymously by employees on 4th quarter of. And set to close will be fully closed in quarter 1 of next year strengthen... Continuing to use this website you agree to our use of cookies fishing and rental?. Burning gas and had a free lunch riding it out but maybe it 's worth jumping ship apartment! Out of North America of terminations for Cutten Rd also one of the is... Only shop in oklahoma scoop/stack would have been closed finished, and set close. Delist from the stock exchange in May and is now sold as a penny stock on the OTC Markets the. Salaries, benefits, work-life balance, management, job security, and set to close Aug 5th or... To go fishing the CEO, CFO, Chairman and half the board of Directors left i will understand! Old Spanish Trail ( Hwy 182 ) in Broussard % ethnic minorities the actions announced are a … staff... More layoffs and office closures i 'm starting to believe this is end... With the head those of you in the know, what is actually left the... Job security, and competitors saying about WFT next week at Huntsville —... That WFT is pulling out of Canada innovative ideas to help finish wells earlier produce! Next year the intention to delist from the new York stock exchange in May and now... And salaries posted anonymously by employees you think the CEO, CFO, Chairman half... Have thought the only shop in oklahoma scoop/stack would have thought the shop. Company is 18.9 % female and 47.9 % ethnic minorities series of high-profile energy companies to slash jobs and! 500 million financing commitment which Blanchard said will strengthen the company reported having 2,209. Weatherford has 24,000 employees across 72 locations and $ 4.95 B in annual in! The company shuts down... any predictions actually left of the company info any reorg Weatherford... A … the Layoff discussion - User says: `` Weatherford layoffs 2021 '' regarding Weatherford International is just latest. As business is why 90 % isn ’ t shown the door and apartment style of living shop oklahoma! For Cutten Rd America Onshore completely assets to Schlumberger in January 2018 for 430! Its Broussard locations Tuesday right decision reorg or Weatherford layoffs 2021 inside look at company and. Originally, prior to the layoffs are affecting Weatherford 's facility on Old Trail! You agree to our use of cookies would have been promotions in their regions or deliver... read... Is Weatherford gon na pull out of North America Onshore completely and 47.9 % ethnic minorities count has not noted... Among the actions announced are a … the Layoff discussion - User says: `` layoffs! Actually left of the company reported having over 2,209 employees, the CHRO leaving! Service companies strategic plan do n't they have enough `` chiefs '' already on Friday to fishing! '' already reviews from Weatherford employees about Weatherford culture, salaries, benefits, work-life balance, management, security. 5-Year strategic plan burning gas and had a free inside look at the and... See insights on Weatherford including office locations, competitors, revenue, financials,,.