It's too close to year's end for layoffs. January or February, yes. But more layoffs this or next month? I don't think so.
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At my site (NJ64) last year we had a small RIF on 12/12. Just before the 401K match date... Don't think for a minute the penny pinchers have any scruples.
I can certainly say that I'm looking forwards to having to look for a new job in the new year. I'd just like to do it with a little severance in my pocket.
They still got rid of a load off just before Christmas last year.
What??? They favor RIFs right before Christmas more years than not since I’ve been unfortunateenough to have worked here. The only reason it hasn’t been the last couple of years is because DA cut so many during Covid the company couldn’t function at all. We are still limping and spiraling out of control from that one.
@2djk+1pBNJoeH Same here, NJ64.
Layoffs happened just last week where I’m at!
The tap on the shoulder eventually comes for all outside the small management clique.
@rfx
This is why I'm sitting on the little bit of HON that I am holding. I've been pretty good at getting rid of this cr*p in the past. I did miss the last rise due to laziness.
Sounds like wishful thinking friend; most are on borrowed time.
@sms+1pBNJoeH I'm definitely with you on HON not paying out 401K vesting by years end. Layoffs have to be imminent at this point, plus do they really want to take extra head into the next quarter with the new re org about to happen 1/1/24?
It seems that Honeywell needs to show a reduction in labor costs prior to the 1st quarter starting. They want the stock price to rise prior to the 401K award date. That way they award less shares of stock and reduce employee voting power. Also, Honeywell likes to lay people off before the 401K vesting date. This again reduces the quantity of stock awarded in the new year.
It's been that way for years.
Honeywell LOVES to ruin holidays with layoffs. It’s been SOP for the entire time I’ve been here, which is over a decade. You can count on people getting cut somewhere in Honeywell at the end of the year.
You have your profile alignment coming. They want to increase shareholder value. You better believe it's going to happen. I think they need to get that stock cut $215.86 by July 2024.