What is on your mind - what should be done and what we've done good so far? Where is all of this going?
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Good ol’ WTF has outsourced so much of its manufacturing to China that their supply chain will be broken with the impending pandemic. Tag on the drop in oil prices and the company will be SOL. We were bleeding cash. Now starts the hemorrhage. WFT can’t catch a break. Can’t even sell what okay divisions we have.
This is going to be the final nail in the coffin for Weatherford, after years of upper management filling their pockets and a never ending saga of uphill battles for the energy sector. Weatherford should have never been able to come out of chapter 1, refinance like they did after all the workers they screwed over not to mention all the people that held billions of dollars in stock and ended up with sweet f**k all. Sh– part is all the upper people will be fine its the hard people at the bottom of the totem pole that will suffer the consequences of Coronavirus.
Dumb? The Corona virus is the pin that just burst the debt bubble the global economy has been in for the past 10 years. The banking system is about to implode. Pay and benefits will be the least of our worries. Having any job will be everyone’s main concern. Things are about to change that will put everything in to perspective.
Instead of asking questions about raises and benefits stupid folks ask about coronavirus! Wft employees are that dumb!
The part about nepotism being a cancer is true. But where do you find people willing to gamble on a company otherwise? Sure there nepotism in wft but if the werent destroying wft they would be destroying the co i work for
The only virus affecting Weatherford for years is called nepotism. Once it gains a foothold it spreads like wildfire, the symptoms being: weight gain, premature balding, short sightedness, confusion, the inability to concentrate for more than 10 minutes, the inability to stand up for longer than 10 minutes, over estimation of one’s capabilities and subsequent delusions of grandeur, profuse sweating, pale flabby complexion. The cure or self cure apparently is to fly around the world to hot sandy climates on freebies and all expenses paid junkets to award ceremonies where the afflicted award each other prizes and trophies for a job well done. Usually when a company is affected by nepotism it’s fate is sealed and demise guaranteed. The carriers of the virus then move on to search out the next profit making company to inflict the same damage in a repetitive cycle. Field or operational guys for the most part are immune due to lengthy exposure to the elements and hard work.
so now the plan is blaming the bug for definetively sinking the ship? masterminds! that gotta be fun, let me grab some pcorn.
I have to agree with the previous statement this is going to be a hard reset and its going to be ruf n tuf like you aint seen before. Debt is the k–ler
The virus will pass in due course, like they all do. The impact on the global economy will ultimately provoke a total financial collapse and hyperinflation. There’s nothing Weatherford, or any other organisation, can do. The global central banks have driven a historic debt bubble which has been pricked by the coronavirus, the root cause of the collapse is not the virus but the blowing of the bubble in the first place. Buckle up, we are about to witness history.