Thread regarding McDermott International Inc. layoffs

McDermott issuing new guidance

McD is revising this years budgets and guidance due to delayed contract awards, ongoing projects delayed and increase cost due to COVID.....looks like a repeat of 2019. This is crazy.

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Post ID: @OP+19HJGdZI

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I used to work for MDR... I thought they were a garbage company, and it seems like this is still the case about 1+ year later. It seemed absolutely crazy to me that DD was getting such large bonus pay for running the company into the ground. Brining in that COO SM was crazy - hauled into court by Technip & had to pay a big settlement but the bonus pay continued. I'm glad to be out, but feel bad for those who are in. I don't see how the guidance can be anything but bad news for this company.

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Post ID: @bvxc+19HJGdZI

So how'd that last podcast go? More ra-ra BS about ONE TEAM and the Bridge to 2022? How about that ONE TEAM share some of the bonus money with others that are busting their bums on these projects.

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Post ID: @3tnu+19HJGdZI

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