Read news. Talk to People. This will not be a nice quarter.
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Layoffs expected if and when the $21B backlog gets chopped due to lack of client confidence
Therefore, look for offices to consolidate and redundant positions to be reduced.
End of Q2 we had a $21B backlog.
What will our backlog be for end of Q3? $18B? $15B?
Wall St is saying bankruptcy is just around the corner. Let's see if the big boys can save their own skins this time.
We are touching penny stocks.
https://www.wsj.com/articles/mcdermott-enlists-turnaround-adviser-after-guidance-cut-11568827933