McDermott is a broke ponzi scheme. They owe money to so many people and are using money from current jobs to pay for debts incurred on past jobs. Many companies are refusing to continue to extend credit to them or even respond to new RFQ’s. Meanwhile... — read more 

We're A NEW KIND of COMPANY! There is ONE McDERMOTT Way! Remember the good old days? Not so su cky in retrospect! Oh and If you don't like it, there's the door.

Any comments on the new CEO? Interesting the guy is not Oil and Gas background....

How likely is that there will be McDermott layoffs? Any chatter, news or rumors?

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 

The culture and environment at Mcdermott is so toxic all across. Why does everyone operate as if any of that is normal. The insane work hours, the disrespect, the micromanagement, people being rude to one another. All so wrong

Have you heard anything about potential McDermott layoffs? Any chatter, news or rumors?

I've heard something about possible cuts in July, something major. Is this true?

Massive weekend meeting of big wigs and rumor is the company will completely shut everything. That we have zero cash. Zero ability to find cash and even if they do - all and any incoming money is tied up in some fund to repay previous debts that are... — read more 

Everybody I talk to is so quick to start bad-mouthing the company and the leadership. Not that I don't understand that, I'm not too happy with them either, especially when you look back at the past three-four years. I'm just suppressed more people... — read more 

Once upon a time McDermott were a bright shining star in the offshore construction industry, market leaders, developed a global presence and garnered global respect. Sadly, there is no happy ending to this cautionary tale of a once great company... — read more 

Any news on potential cuts next month?

So MC (the SVP of McDermott's North Central & South America region) was canned. Who's next?

Do you think there will be McDermott layoffs? Any chatter, news or rumors?

Rising costs... shortages of building materials... As inflation rises, I would like to discuss what you think how this company will be affected? The overall situation in the company is worrying.

Has there been anything new on possible July cuts?

Several very close colleagues left in a very short period of time. I have been here for a long time and I have never lost more colleagues in such a short time. Finally, I found a new opportunity. I accepted a job with lower pay because the situation... — read more 

So they very individual who cost the company a rumored 200mUSD for misappropriation of his previous employers Commerical information. And was settled out of court just got promoted. It’s like a bad movie.

Houston court rejected McDermott's motion to dismiss class action claim from Nova Scotia Health Emplyee's Pension Plan. Came out in Industry news, but nothing so far posted online from lawyers. This is at least the second class action lawsuit given... — read more 

So, today was the day that the axe finally fell, well two axes. Too little, too late. What's left will surely be picked over by the circling seagulls sooner rather than later.

We need to bring back the Tyler Office. We did real engineering here and was well respected in the world.

I'm not a McD employee, I saw in an industry market analysis site that Later this week McD will announce re-organization program....any info

So since the legal team has mostly quit, today DD resigned. Guess he will be moving to a country with no extradition treaty.

Just announced that DD resigned.

I can’t help but wonder if anyone else sees a similarity between McDermott’s business model and Enron’s.

It's really disappointing that the company does not disclose the amount of $$$ for awards. Seems to be happening since 2020 and COVID. I see MDR has gotten a couple of FEED contracts and another contract recently. Does anyone know the $$$... — read more 

What changes are in store for Eldridge location? Brand new building - 20+ stories, 16 year lease - going to be kind of expenisive to maintain what with all the layoffs plus folk working from home. and no new projects.

I'm already a little desperate because I've been looking for something better for months now. I think that in the end I will have to make a more drastic move - move to another location or make a career turn and try myself in a different role. The... — read more 

I got laid off last year and found another job which unfortunately is also very unstable. I'm interested in what the situation is like here now, is there any improvement or is the getting situation worse day by day? I heard from someone that the... — read more 

This cannot be good for the company. https://www.aljazeera.com/economy/2021/4/26/total-suspends-20bn-lng-project-in-mozambique-indefinitely

Mcdif 0.45 today, down 90% in a year. Heading to zero again? They deserve it

I heard from my boss that we will have another round of layoffs this June. And some international offices will be permanently closed. Is this the end. Or is there a sliver of hope

I haven’t been here long, but I’m already looking for a new job. Obviously I had some bad information when I applied for a job at this company because I thought the situation was much better than it is. Now here on the forum I see someone saying... — read more 

Is there more work for bull hangers / tankees coming? Or is there more being laid off ?

Is there any mention of layoffs today? Any update? I haven’t heard anything yet except a few rumors, but I believe a real storm is coming. Does anyone know how massive these layoffs could be? I’m really worried because I’m not ready to quit since I... — read more 

Not to worry. DD gets his tranch of stock options !!!

I had a really awful period after I got laid off from McD because I thought I was safer than I actually was and that I still had time so I didn’t prioritize job hunting on time. I finally got a new, solid job and would love to know where are the... — read more