By continuing to use this website you agree to our use of cookies. 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. Weatherford has 24,000 employees across 72 locations and $4.95 B in annual revenue in FY 2019. Now that we have seen some movement in Corp HR, please sir dig deep into the wireline group. There was rumor on here about the Katy plant closing. We are the company who moves the needle. — 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. Weatherford International is just the latest in a series of high-profile energy companies to slash jobs. — read more. There's a town hall happening next week at Huntsville... Second-quarter 2020 cash flows from operations were $31 million and capital expenditures were $35 million. All Rights Reserved. Weatherford reported total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020. read more. Truth!!! $$$$$$$$$$. Weatherford International - Found 10k + Employees, 30 Phone Numbers and 27 Emails We use cookies in order to provide you with a better browsing experience . We empower you to support causes and encourage you join our corporate initiatives such as Weatherford Walks and Weatherford WISE (Worldwide Initiative Supporting Education). 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. Evergy in Kansas City avoids sale by announcing 5-year strategic plan. Too many... A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. In general is Weatherford gonna pull out of Canada? Not a good sign. read more. 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. About Weatherford International Ltd.: Weatherford is a large oil and natural gas service company. Look at the Directors and the HRVP of Operations. Weatherford International PLC (NYSE:WFT), has recently initiated a lay-offs program. — — While... 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. The staff at Weatherford International come from unusually diverse demographic backgrounds. $150 million....$175 million...$200 million? What’s next P.C.E.? Weatherford Drilling USA is finished, and set to close! just got out of a big meeting. Weatherford International News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. We integrate trusted technologies with innovative ideas to help finish wells earlier and produce more for longer. Are they still taking off on Friday to go fishing? Poorly ran no direction no plan no nothing Is anyone in this department working??? Stock analysis for Weatherford International PLC (WFT) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Weatherford is the leading wellbore and production solutions company, providing integrated solutions across well stages and customer domains to the oil and gas industry. Looks like rumours will happen w.r.t. Why do you think the CEO, CFO, Chairman and half the Board of Directors left? can you fix your problems in the nisku shop, this generator is getting on my 270 pound nerves. the WCT group (global) Bondholders who bailed the company out last year and provided more money will not do it again. What else can we sell them? Use of this website constitutes acceptance of our. “As such, we aggressively expanded our cost reduction actions, and bolstered our financial strength, preserving our margins and enhancing our liquidity position.”. For years now the GBU has had several people who gravitated into these none value-added positions. shutting down from NAM / west Hemisphere “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. They need to loose some management even more. MENA losing and asia is a distaster and also africa major major issues long standing for a long time On 4th quarter loss or profit (HA...HA, that one's funny)? WFT is going, make plans now. A free inside look at company reviews and salaries posted anonymously by employees. Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. August 2018 in Layoffs Weatherford International is one of the largest multinational oil and gas service companies. Freedom of speech doesn't apply to this site !!!! March 31, 2020. Did we really shut down and fishing and rental yard? Worst day of my life when we were taken over, we used to be quality, look what we have become. how are you guys making out there these days. Not very optimistic about the future here. 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. — How long until the company shuts down...any predictions? 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 … Is there going to be any reorg or Weatherford Layoffs 2021? 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. read more. What's y'alls... Weatherford International, a Houston-based oil and gas company, says it plans on cutting 6,000 workers due to the current oil market. Employees 24,000. Anyone heard similar or have intel? Weatherford International laid off about 20 employees from its Broussard location, KATC is reporting this morning. The HR group needs new leadership and should not stop with the head. Company officials announced the layoffs … Is it just me or have there been a lot of folks resign recently? Weatherford International Ltd. provides oilfield equipment and services. Seeking Alpha: Weatherford International: The Little Engine That Could. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. 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. Never would have thought the only shop in oklahoma scoop/stack would have been closed! BROUSSARD, LA — The oilfield service company Weatherford International allegedly closed one of its Broussard locations Tuesday. A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. Still doing fake audits??? However, it has been stated by the company that there have been promotions in their ranks. The company was able to obtain a new $500 million financing commitment which Blanchard said will strengthen the company’s liquidity. 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. At its peak, Weatherford was valued at more than $50 billion, with 67,000 employees at the beginning of 2014. 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. Bondholders who bailed the company out last year and provided more money will not do it again. 'S new CEO is making the right decision this site!!!!!!! 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