If the market makes a turn soon, do you think there will be McDermott layoffs? Any chatter, news or rumors?

Layoffs have already started in June 2025. Very few projects available for the number of employees. Several projects have ended and no new projects have enough slots to move over available employees- they are laying off newly hired employees first... — read more 

I’ve been hearing whispers about summer layoffs at McDermott for weeks now, but nobody ever shares any concrete details. I honestly can’t tell if there’s any truth to it or if it’s just speculation. Does anyone here know what management might... — read more 

If the economy turns around, do you anticipate any McDermott layoffs? Any chatter, news or rumors?

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 

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

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?

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 

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 

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

Any news on potential cuts next month?

One new logo One huge raise 🤣 One 401K match One rebirth of a company? Could be!!!!

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

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.

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.

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

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 

Has there been anything new on possible July cuts?

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 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.

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.

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'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

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.

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 

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

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

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 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