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On the Record · MRC Global

MRC Global layoffs, on the record

Every job cut, severance charge and restructuring MRC Global reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from 2,800 to more than 2,600.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20222,800As of December 31, 2022
10-K for 2023over 2,800December 31, 2023
10-K for 2024more than 2,600—

Job cuts, severance and restructuring

  1. Our summaryReported severance and restructuring expense in the Adjusted EBITDA reconciliation for 2022.

    Word for word“Severance and restructuring 1 1 Employee separation — 1 Increase in LIFO reserve 66 77 Equity-based compensation expense 13 12 Foreign currency losses 8 2 Adjusted EBITDA $ 261 $ 146 Year Ended December 31, 2021 Compared to the Year Ended December 31, 2020 For discussion and analysis of fiscal year 2021 compared to fiscal year 2020, please refer to Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the Securities and Exchange Commission (“SEC”) on February 16, 2022 and is incorporated herein by reference.” 10-K for 2022

  2. Our summaryReported employee separation and facility closure items in the 2021 column of the Adjusted EBITDA reconciliation. Year Ended December 31, 2021

    Word for word“Facility closures — 1 Severance and restructuring 1 1 Employee separation — 1 Increase in LIFO reserve 66 77 Equity-based compensation expense 13 12 Foreign currency losses 8 2 Adjusted EBITDA $ 261 $ 146 Year Ended December 31, 2021 Compared to the Year Ended December 31, 2020 For discussion and analysis of fiscal year 2021 compared to fiscal year 2020, please refer to Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the Securities and Exchange Commission (“SEC”) on February 16, 2022 and is incorporated herein by reference.” 10-K for 2022

  3. Our summaryThe Adjusted EBITDA reconciliation shows a severance and restructuring adjustment of $1 million in the 2022 column, with none shown for 2023. Cost: 1

    Word for word“Severance and restructuring — 1” 10-K for 2023

MRC Global filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from MRC Global’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-03-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.