Thread regarding Honeywell International Inc. layoffs

If your nest egg can reliably and safely produce a sufficient rate of return that keeps up with inflation, can fund a private health insurance policy, including deductibles, prior to 65, plus fund your basic cost of living, plus the ability to financially recover from or ride out a catastrophic event, like a stroke that leaves you or your spouse disabled and bedridden, but otherwise healthy and in need of care for many years, then 2 million might do it.

@5ysp - Thank you, great short article regarding retirement age. Without any data to back it up I still have to say I think the same way as the article reads. Stress reduces life span and got to try to get out of the pressure cooker as soon as you can. (Unless you enjoy the pressure cooker.) I think I am there now, ready to do something I like, likely at much less pay.

@5nqc - Talking with folks I know who are retired, they are doing great on way less than $5M, and I hear comments about not being able to spend all they have. There are many factors in this and everyone has different needs and lifestyle.

Suzy Orman spews stupid sht because she loves to hear herself talk and has a huge ego. She is in it for herself; A mass marketer trying to play with peoples emotion to sell sht and make money. She claims $5M to try to scare people into thinking they won't survive and need to buy her sh*t. She likely has high expenses herself so $5M likely not even enough for her.

https://www.businessinsider.com/suze-orman-says-you-need-at-least-5-million-to-retire-early-2018-10?amp

$5M is too much unless you are planning to leave a large inheritance. Most people will run out of time before they run out of money. Do you remember the actuarial study of retirement age vs life span?

https://faculty.kfupm.edu.sa/COE/gutub/English_Misc/Retire1.htm

The "Level of f- you" number could be its own thread. I say if you are under 65, and completely debt free, no dependents, 5 Million is more in line.

@5isz - Please give me some money cash because I leave soon from home working 2 year now.

So glad I be out of here soon, Self employed for a 1 year now. Finally have money cash in my saving

I have reached a "level of f- you" and will be getting out soon. If you haven't seen the movie The Gambler, John Goodman provides some great financial advice.

https://www.youtube.com/watch?v=rJjKP8vYjpQ

You get up two and a half million dollars, any a–hole in the world knows what to do: you get a house with a 25 year roof, an indestructible Jap-economy sh–box, you put the rest into the system at three to five percent to pay your taxes and that’s your base, get me? That’s your fortress of f—ing solitude. That puts you, for the rest of your life, at a level of f— you. Somebody wants you to do something, f— you. Boss pisses you off, f— you! Own your house. Have a couple bucks in the bank.

It's okay to be unmotivated. Remember guys and gals - it's just a job. And in the backdrop of everything that's going on in the world right now, my job is seeming pretty unimportant.

What IS important is my happiness, health, friends and family. It's funny how none of those things has anything to do with Honeywell.

My advice - take it for what it is - a paycheck. That's it. Since they don't treat us as anything more than a number on a spreadsheet, why not slack off a little? Work your 40 hours a week, no more, and go back to your life doing the things you love. And if you can, save your money! Max out your 401k, invest and be modest in your lifestyle. Ultimately, money is the only thing that can free you from the 9-5 grind. Just my 2 cents.

I lost motivation years ago when I realized how the nepotism of our leader K went unchecked. Job progression is nearly impossible here, unless you’re her hubby or bro in law. Since I’m close to retirement, I guess I’ll stick around.

OK so an awakening hit you about the hypocrisy and dead end of your career at this company or most other big companies unless chosen with extreme care.

While this causes you pain, it is actually a GOOD thing.

Stop thinking about advancing fairly at this company. That is probably fool's gold. Think about YOUR career. What can you learn, try, do at this job you are in that might help you get a better one you enjoy more either here or somewhere else?

That is your new motivation while you are still here.

yeah am in same boat and lost all kind of motivation and it started a few weeks before that pandemia crisis.. As many others,Am also on furlough this week which give me a lot of time to think about my futur. if i can find another job that fits my needs and profile. As many others in HW, i had a great HPD yearly review and was promised a substancial raise (even had the official paper detailling my new raise) to get it removed a few daus later by higher management. Then the pandemic crisis started, and they are prohibiting any overtime, and force us to furlough! Thats when i lost all my motivation and i dont see how this could change unfortunately! stay safe everyone!

@pqj "STOP WHINING AND B–chING. BE PART OF THE SOLUTION." Really? Wow, what world do you live in? One with Rainbows and Unicorns? You must be a new employee or one that hasn't worked at Honeyhell. You newbies all come in thinking you can change Honeywell, only in a few years to realize how very wrong you are. Get Out Now! From the many that have worked there for far too long, we've well earned the right to complain. We know how it was, how it is now and how it's progressively getting worse, by the day and we urge you to get out while you can. There is not Being Part of the Solution at Honeywell unless you want to do exactly as they want you to. Work 80 hrs a week, get slammed with so much work you can't even make sure your work is right, give up your home life, check your email 24/7 from your flip phone and dang if you don't have to answer within a certain period of time or you'll be getting a phone call. Give up your holidays, don't ever use all of your vacation or get sick for too long, and if you do, you better be working from bed. Do everything you possibly can before you pass out or die to push every last dollar out the door. Forget about quality or pride in your work. Those don't matter at Honeywell anymore. So, put your tail between your legs, turn your chin down, don't make eye contact with anyone. If you become the good submissive that Dairy-a– wants you to be, you will work long hard hours and have no family life or even any fun at all but you'll stand a chance to last a while. Seriously, if you're new, get out as soon as you can. If you're an exec and are telling people to be part of the solution, please stop doing those d–gs.

Just look at all the great case studies for just about any liberal arts, engineering , law, and business class book that can be written for a college on what not to do. New career after retirement. The PMI people would love it.

I was really unmotivated too and it got worse every year.

I fixed my motivation problem with a new job. It’s amazing how much better I work at a company that values their employees.

No more whining either. It’s amazing!

It also helps the people still at Honeywell. If they lose enough employees they’ll be forced to change things.

No severance...no paper signing.

Wonder if they'll eliminate severance package using the excuse of low revenue forecast. That would be bad for those waiting to get let go.

Yes....In these times of great uncertainty it is tuff to focus....and even when you do there are many hurdles to overcome from the furloughs to the constant drain of talent and benefits. I can tell you from experience that few at Honeywell will remember you after you have been gone a year or two. And when you decide to leave (Retire or new job) no one will thank you for your 40 plus years of contributions to Honeywell's success. They only blow the trumpets for Directors and above and do not realize the contributions of all the little people....especially at a personal level unless it can be used for propaganda on their own web site or commercial. This is the very impersonal commodity we have all bought into for a paycheck. But yes...it is only a paycheck...do what you must to keep the money coming but don't ever base your worth on what you do for any company. Companies help you get to the grave quicker but are never there in the end.

I see a lot of pessimism in the employee posting stuff here. How about using this energy in something positive?. How about thinking about resolving problems?.

STOP WHINING AND B–chING. BE PART OF THE SOLUTION.

Just like everywhere else, the tone, the values are set at the top. You may have small pockets of excellent middle management for awhile but eventually, it all deteriorates. There are many people in leadership that are questionable. Many of the good people leave A fish rots from the head down.

This time of the furlough and stay at home orders has helped me realign priorities in my life and realize I spent too much time working OT and stressing about milestones instead of focusing on quality time with my family. Also realizing a different company who realizes that their employees have families and lives outside the workplace may be a better alignment to my values.

I’ve got plenty of motivation sitting here on my porch while looking for new employment during my 2nd unpaid furlough.

I started to lose movitivation a couple of years back in a round of layoffs. We lost many of the best people, and those great people who wasn't RIF'd left by themselves... It was as always just mangement by Excel sheets and no strategic decisions. Anyway, later I did my daily commitments, but not putting my best effort into work anymore, just making sure I still scored fair in the nine-blockers. Either way, as I always knew, my day in Honywell recently came to an end as well in a round of RIFs, together with many other good people.

Remember, always look after your personal interest, you're not more than some digits in an Excel sheet in the end after all...

Ask your department's elder statesmen who, like me, have been in the aviation biz for 40+ years. This business is cyclical. In the mid-70s Boeing laid off thousands, so did all the United Technologies divisions and Raytheon. Commercial aviation picked up after a few years, but then the end of the Cold War put military contractors into a tailspin. So it goes; the ups and downs are just part of the business. I'm not impressed with HON leadership, but you have the opportunity to move on. It's a lot easier to look for a job while you still have one.

Totally the correct approach and never let the memory fade.

No matter how much it seems to the contrary - companies don't and won't ever give a sh– about you when it comes to it.