Thread regarding Weatherford International Ltd. layoffs

Waste not Want not - No worries, just layoff

So ADIPEC just wrapped up, and it seems we managed to send a lot of folks to Abu Dhabi to support. Wondering what the final price tag of that ended up being. Seems I saw on another company's page that they put a conservative number on a C-Suite attending at around 50K each (flights, lodging, logistics, incidentals, loss productivity while there). For Sr. Managers, it was near 35K, and for rank and file (non-business class flyers) it was in the area of 20K. Add all that up and it's crazy.

Know we need to be there, but it seems we send a lot of folks who use it more like a vacation and an opportunity to "team build" with the other managers.

No worries, just cut a couple of heads when you return to pay get the numbers where you need them to wrap up Q4 - no need for those folks to do any work.

All aside, consider the travel that is denied for your own team and than run some numbers on the cost to fly Houston to Abu Dhabi (business), stay at the Ritz or like (for ELT), logistics to move folks around, team dinners and the like and the work that has to be pushed back a week. It's not a small number, folks.

But we did win a couple of awards and booked a shitload of air miles for that vacation next year.


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| 1271 views | | 3 replies (last November 17) | Reply
Post ID: @OP+1k9qpj1yd

3 replies (most recent on top)

They are in a different category of people and cost is never questioned. Travel, consultants, contractors - never a worry. More of everything? Go for it.
VP of HR travels the globe 30+ weeks of the year. Nobody knows why.

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Post ID: @16j+1k9qpj1yd

First - agree they need to be there - but you're also forgetting the cost of the stand (nice one by the way) and the third party contractors who've worked on that stuff for some time.

I would bet you the price tag is easy in the 4MM + range likely near 5MM all considered, if not more. Did they sponsor again this year?

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Post ID: @qy+1k9qpj1yd

The usual top level fat, contributing little for the multiple x salary compared to the average. Ceo on 320x the average wft wage. Meantime, rank and file are being made to cut the little muscle left in the hope we're not on the next rif list

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Post ID: @fz+1k9qpj1yd

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