Weatherford International layoffs, on the record
Every job cut, severance charge and restructuring Weatherford International reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 18,500 to approximately 16,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 18,500 | As of December 31, 2023 |
| 10-K for 2024 | approximately 19,000 | December 31, 2024 |
| 10-K for 2025 | approximately 16,700 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing mentions a possible workforce reduction as a pandemic-related risk, without reporting an actual reduction.
Word for word“Reduction of our global workforce to adjust to market conditions, including severance payments, retention issues, and an inability to hire employees when market conditions improve; ” 10-K for 2023
Our summaryThe filing lists restructuring payments as part of its expected cash requirements.
Word for word“Our cash requirements will continue to include payments for principal and interest on our long-term debt, capital expenditures, payments on our finance and operating leases, payments for short-term working capital needs, operating costs and restructuring payments.” 10-K for 2023
Our summaryThe filing cites risk from the impact of its organization restructure and cost and support reduction plans on workforce management.
Word for word“our ability to manage our workforce, supply chain challenges and disruptions, business processes, information technology systems and technological innovation and commercialization, including the impact of our organization restructure, business enhancements, improvement efforts and the cost and support reduction plans; ” 10-K for 2023
Our summaryThe filing says other charges rose in 2024 mainly because of higher severance and restructuring costs.
Word for word“Other charges of $56 million increased $52 million in 2024 compared to 2023, primarily due to an increase in severance and restructuring costs, and fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico.” 10-K for 2024
Our summaryThe filing says future cash requirements will include restructuring payments.
Word for word“Our cash requirements will continue to include payments for principal and interest on our long-term debt, capital expenditures, payments on our finance and operating leases, payments for short-term working capital needs, operating costs, shareholder returns and restructuring payments.” 10-K for 2024
Our summaryThe company recorded higher restructuring charges in 2025 than in 2024, driven by cutting its facility footprint and headcount in optimization and efficiency initiatives amid softer markets.
Word for word“Restructuring charges were $58 million in 2025 and $42 million in 2024.” 10-K for 2025
Our summaryThe company said the restructuring increase came from reducing facilities and headcount as part of optimization and efficiency efforts in response to softening market conditions.
Word for word“The increase was driven by reductions to facility footprint and headcount as part of optimization and efficiency initiatives implemented in light of softening market conditions.” 10-K for 2025
Our summaryThe company reported that its restructuring charges in 2025, 2024 and 2023 were mainly for optimization and efficiency initiatives across the organization.
Word for word“During 2025, 2024 and 2023, “Restructuring Charges” on the accompanying Consolidated Statements of Operations were primarily related to optimization and efficiency initiatives throughout the organization.” 10-K for 2025
Our summaryThe company reported its restructuring liabilities at year-end 2025 and 2024.
Word for word“Restructuring liabilities were $ 22 million and $ 35 million as of December 31, 2025 and 2024, respectively, of which $ 19 million and $ 31 million were recorded in “Other Current Liabilities” and $ 3 million and $ 4 million in “Other Non-current Liabilities” as of December 31, 2025 and 2024, respectively, on the accompanying Consolidated Balance Sheets.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $280 million |
| 2017-12-31 | $183 million |
| 2018-12-31 | $126 million |
| 2019-12-13 | $189 million |
| 2020-12-31 | $206 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $22 million |
| 2023-12-31 | $16 million |
| 2024-12-31 | $42 million |
| 2025-12-31 | $58 million |
Weatherford International has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Weatherford International’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-04. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.