Will Weatherford Int'l (WFT) Stock be Affected Today by New Round of Job Cuts?

NEW YORK (TheStreet) -- Weatherford International Plc. announced another round of job cuts during a conference call on Thursday, as energy companies deal with declining crude prices and cuts to spending plans, Bloomberg reports. "We're now confronted with an unusually severe market contraction and concurrently a once-in-a-lifetime industry change," Weatherford CEO Bernard Duroc-Danner told analysts on the call. The company will cut 8,000 workers in the first half of this year, in addition to th...