Exec Bonus Based On Cost Cuts... Brutal... Benefits Dropped... - Anonymous employee Weatherford Employee Review

2.0
25 Mar 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good short term place to learn. The employees are nice and easy going.

Cons

Huge failures in process. History of corruption, tax screw ups and negative cash flow. Very dysfunctional -- the core of Weatherford's organizational structure is fundamentally flowed. Who runs the company? Left hand doesn't talk to the right hand. Or sometimes just doesn't talk at all. Constant turnover in management. New email on organizational changes come out every week. Poor integration of previously acquired companies. A huge percentage of Executive bonus/compensation is based on cost reduction. This means multiple RIFs and other cost cutting measures that impact employees directly. For example, benefits were slashed recently. No 401-k match. Furloughs in effect. Bonuses unlikely. Don't work here long term. You are just a number.

Explore other reviews about Weatherford

5.0
8 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Good exposure to offshore operations, strong team environment and opportunities to develop technical and problem-solving skills in the field.

Cons

Fast-paced environment with frequent changes in priorities and processes, which can sometimes impact consistency and planning.

1.0
15 Aug 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

It semi pays the bills.

Cons

The company’s current leadership approach is unsustainable and is eroding both employee trust and operational quality. The Executive Leadership Team (ELT) has prioritized short-term profits over long-term stability, relying on temporary fixes like biannual layoffs to meet quarterly targets. This constant cycle of cuts creates instability, damages morale, and signals a lack of strategic vision for the future. Without a clear plan for sustainable growth, the company risks continued decline. Human Resources (HR) policies are undermining performance and engagement. The rigid, arbitrary pay scales and grades artificially cap employee earning potential, regardless of contribution. Raises are determined primarily by attendance rather than actual performance, and increases are applied uniformly across the board. High performers at the top of their pay range receive minimal adjustments, which sends the message that excellence is not truly valued. These policies directly limit motivation and retention. The Health, Safety, and Environment (HSE) team has implemented regulations that appear to be driven more by internal authority than actual safety improvements. When questioned, the justification is often no more than “because that’s the rule we decided on.” Without clear evidence of safety benefits, these measures feel like unnecessary obstacles that reduce efficiency without adding measurable protection. The decision to outsource significant portions of work to India may have reduced costs on paper, but it has also caused a sharp decline in service quality. This deterioration impacts both internal operations and the customer experience. Cost savings cannot justify the long-term damage caused by diminished quality. Unless leadership addresses these issues directly and decisively, the company will continue to lose both talent and competitive standing.

6
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