McDermott International Inc. Layoffs

Topics regarding layoffs at McDermott International Inc.

Leadership did not understand M&A 101 (eg Asymmetric Risk)

The upside in M&A tends to be measured over a number of years. Conversely, the downside is almost immediate cataclysmic disaster. Don't know the firm they used for advice. But you never hire a brain surgeon with a big mortgage who works on... read more
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Post ID: @ZdbUlOa

The End is Nigh

Feels like we're living through a Walking Dead rerun. Can't believe the BS coming from the execs. Everything is fine!

WOO-HOO! WAY TO GO, McDERMOTT!!

The President came to visit the Cameron LNG Plant. The PRESIDENT!! Can you BELIEVE IT?! DD told us all of how proud he is! Almost sounds like he was there, was he? No? ...Oh. Well, was anyone from McDermott there? No? Really? No one from MDR or the... read more

What's YOUR Last Straw?

Fun poll. If you've left or your looking, what pushed you over the edge? What policy, benefit cut, event, person, anything? Not the worst thing but the thing that made you decide you had enough? Or if you would quit 'csept for golden handcuffs?

Is this an option?

Is reapplying for a job at McDermott an option? Asking for a former coworker who called to ask about an open position - which left me rather confused. Is that really an option? If it is, what's going to happen with his severance if he gets a job? He... read more

PWC

Anyone talk to PWC recently? Heard they are doing a one year review of all groups. Though the stockholders need to be doing a review of them for incompetence. Hopefully they are also reviewing the board and executives - but I’m sure those people... read more

Safety

I’m sitting here listening to all you guys whining about safety and how everyone has the day off. I gotta go with vex on this one. Everyone else I know had to go to work. If your working for a business that’s on its last leg, you would better shut up... read more

Go Warriors!

HR Carla needs to go clean house with those loser Rockets. Shave that stupid beard Harden!
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Post ID: @Z0pCteH

HAPPY ANNIVERSARY, EVERYBODY!!

Skies are dark and menacing. Flooding just outside your doors. Hopefully you make it home alive. It's a metaphor for the company and bad decisions. But today you can wear DENIM!! That makes everything alright!! CELEBRATE!!

Chiyoda “unquantified change” in Cameron estimate

Huh...what does that mean? That the estimate to finish has increased by so much and so many times that they don’t want to be wrong...AGAIN? Or is this their first step for legal action against our incompetent management (past and present)?

Stock price one year ago was $22.

To think the stock price was $22 a year ago and I was sweating about the health of the company. Now I know that they’ll have to cut all the CBI dead weight (like everyone who came from the acquired) before they get to me.

Actually we are hiring

Not sure what some of you are talking about. We are in the black. Cameron is finishing up nicely and on a positive note. Freeport was a smashing success. We have lots of projects and we are hiring. Stop the false information. Full speed ahead ! Need... read more

A message from "Pat S"

I realize that many of you who have been laid off as well as some you still with he firm are disillusioned about certain things and I can understand how you all may feel. You are all bright people and expect good results so it stands to reason that... read more

Deputy G

I read a lot here of Deputy G walking people out by grabbing the walkee’s left tricep. How has this a**hat not been sued or arrested?

GOOD FRIDAY!

Every Friday is good when I get to wear denim! Best company ever! Who's with me? High five!!

The Real Problem

The real problem is executive pay, inequality and mentality. As long as executives get paid big bonuses for increasing profits with no long term growth goals, it will continue to be a problem. The executives are just taking the shareholders money. A... read more

Q1 Earnings Guesses

I wonder if Cameron and Freeport will be able to “hold their forecast” from last quarter. Been there, done that - at the direction of executive management. Look for “soft spots that aren’t real yet”. Though pretty much more cost overruns guaranteed... read more

McDermott - the risk is not over yet

McDermott stock went by by 12 percent after the news of Cameron LNG commissioning. Granted it is positive news for the troubled project. But McDermott is not done with the construction cost overrun risk yet. Trains 2 and 3 still need to be built... read more

Layoffs coming ?

I keep hearing we are going to have another layoff. I see a lot of people quitting and taking jobs elsewhere when other positions are open. Are we going to have this avalanche of layoffs that seem to be rumored ? A better question I have is how can... read more

Fabrication Facilities Sold???

Does anyone know if the fabrication facilities have been sold. Rumor at the Walker facility is they should know in two week who purchased them. Just seeing if anyone has heard anything outside of the facility.

Laid off recently

Back to the task at hand. How many layoffs are we seeing these days? I had to lay off one of people a few months ago and I’m doing my job and pick up the load? What are you hearing.

Why does Lummus keep having to defend itself?

I will tell you why, because they are a bunch of incompetent losers. Starting at the top. They are plagued with the dumba$$. They think they no so much when they don't know jack. Because they think they know everything, they do not listen. How much... read more

How much is Lummus worth?

How much can we get for selling Lummus and I don’t see any integrated projects from their technologies. Isn’t this why DD bought CBI. We already had a playbook of loosing jobs. Still don’t get how Lummus helps. Seems like the tank guys are liked in... read more

Tank sale?

Any rumors about what is going on with the tank sale? When it might happen, who the buyer will be, etc?

Spike in attrition

I usually don't pay that much attention to how many people are leaving, but lately it has reached a point where even I took notice. And it's not just employees, managers seem to be leaving McDermott in droves on their own, which is the part of all of... read more

Find Everything You Want Here!

Competitive pay and benefits! Employee training and development! Interesting work! Great work-life balance! A bright future! Smart, industry-savvy leaders which think outside the box, with unquestionable of integrity! A track record of success in... read more
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Post ID: @Y8yUUgP

Dashing & Debonair

Face it. Y'all were completely wrong. No Lummus sale. No bankruptcy. No mass layoffs. Goldman didn't take over. DD is still the boss. This is the best company to work for.

MeDiocre International

Get out before this sh-- stain of a company makes your resume untouchable. Wish I left a LOOONG time ago but stuck here now.

Kool-Aid and Cookies

HR (Ms. Piggy) will be hosting Kool-Aid and cookies at 2:00 pm. Come drink the Kool-Aid, it will change the way you think.

Kool-Aid and Cookies

HR (Ms Piggy) will be hosting Kool-Aid and cookies today. Come all and drink the Kool-Aid. It will change the way you think.
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Post ID: @XXEKWQv

CBI whipping post

So with the wheels coming off the legacy McD projects (less Middle East) how long can they blame all the problems on CB&I

These Are A Few Of My Favorite Things

New Kind of Company. GPLNG. Focus Projects. Fully understand. All behind us. Didn't say that, what I meant was. New Kind of Company. GPLNG. Underbid. CBI's fault. Backlog. New projects. CPI. Offshored. New Kind of Company. GPLNG. CPI stretch goals... read more

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