I think the number was around 20k, but it might be more.
Topics regarding layoffs at Raytheon Co.
I apologize upfront as this is not an Unemployment posting. But, it is an example on how aerospace companies change hands "frequently" The Danbury, CT Optics facility has changed hands several times: Perkin-Elmer ... — read more
So the company expects those being laid off “will be offered the opportunity to work for one of the contractors” taking over the project. It's not a guarantee, but for them it makes it all better. Leave it to Raytheon to try to negate layoffs by... — read more
Layoffs Impacting the Defense Industry. IBM, In advance of a split into two companies, IBM is reducing jobs across Europe with layoff numbers reported... — read more
If the market makes a turn soon, do you think there will be Raytheon Layoffs 2021? Any news or rumors?
Hearing it may be a possibility. Possible merger dissolution? Law suits for breach? Several class action suits currently, which will cripple UTC/RTX. UTC sues to recoup losses from subsidiaries, and then dissolution?
President of Collins sent out an email today saying more furloughs expected for next year, though not as much as this year. Employees will get Merit next year. Though I'd expect the furloughs to at least offset the Merit increases. Executives will be... — read more
https://www.cnn.com/2020/10/30/business/jobs-white-collar-layoffs/index.html New York (CNN Business)The pandemic has wiped out millions of mostly low-income jobs in hotels, restaurants, retail and other hard-hit corners of the economy. Now, the... — read more
Wow. This will definitely hit the Raytech stock price. Bad time to be a game-playing a**hole financial executive.
At least at the bottom in correction it states "most have been let go already" https://www.defensenews.com/2020/10/27/raytheon-to-lay-off-20000-amid-commercial-aviation-slide/
Found out that some upper level UTC folks came through our shop recently. ( I know we are all RTX now but it was only a matter of time before some legacy UTC big wigs came through). They said our building and processes are 15-20 years behind the... — read more
Raytheon Technologies is cutting as many as 450 jobs in Connecticut this week amid the continuing slump in air travel, the majority of them at its Pratt & Whitney facility in East Hartford that sells jet engines. A Pratt & Whitney spokesperson... — read more
For those legit people on here, go to RTN Broadcast, search for “Q&A with Greg Hayes and the BU presidents” published on September 22. About seven minutes in, Greg says that the layoffs are pretty much done and the communications are... — read more
Don't lull yourself into a false sense of security. It might not be today or next week, but we are due for a major cleanup. Too many overlapping jobs to last much longer. Realistically, it's really not sustainable long term either. I just wish that... — read more
Does anyone know of upcoming layoffs in the finance org for RMD? There's alot of redundancy between legacy IDS and MS roles, and some of stuff they are rolling out is sketchy as f*ck. CAMs, are no longer on the hook for programs, the IPT/CPTs are... — read more
Several posts today on the The Layoff's P&W page about people getting let go via. Zoom meetings with HR, effectively immediately.
I worked at Collians, and the people in NC havnt a clue what they are doing. Lots of unnecessary OT, people in positions with nothing to do and mangers allowing employees to do nothing all day. The CEO Hayes will still get his big payday while the... — read more
I currently work in RIS on a program. I was offered a promotion to work at corporate. I think I'm going to decline it because I'm too worried about potential lay offs at corporate. What would you do? They announced just yesterday 15,000 lay offs are... — read more
Who is safe and who is not?
Connecticut facilities are getting more of a closer look for being put to the blade due to much higher costs relative to other locations capable of performing the same operations.
https://www.google.com/amp/s/www.courant.com/business/hc-biz-raytheon-job-cuts-20200916-h4xcvgtxnrdzrowyiuvepruv5y-story.html%3foutputType=amp 15k have been cut and are being cut in Collins, PW and RTX corporate. I suspect a lot of this is... — read more
I heard from Pratt Whitney 17-20% reduction by years end. So they have to give notice.
Ratheon in Riverside just laid off 90 union employee's.
All of this cost cutting and all of these layoffs, yet getting the stock removed from the DJIA is all that was achieved. Gotta love it!
I applied for an Infrastructure Engineer position at RTX and after all the interviews, d–g test, background test, I got a job offer. Looking at the news of Mass layoff (8K layoffs by Raytheon, more layoff by the end of 2020), I'm in a little... — read more
Looks like UTC got lucky with the merger/purchase of Raytheon. With all the cuts at PW and Collins, it looks like the Raytheon part is what is keeping the new company afloat. Still dont understand why Kennedy decided to merge/sell Raytheon. They... — read more
I've heard mostly rumors that it will happen this month (August) or next (September). I'm in the legal/contracts area and heard of a few terminations in legal at Collins but nothing thus far at PW. Curious if anyone has heard anything more... — read more
8K Laid off, yep...This is a wide and deep series of cuts across different grops - this includes Intelligence & Space, Missles and Defense, P&W, Collins...
Confirmed via email from Steve Timm this morning.
What’s it looking like?
https://www.google.com/amp/s/www.seattletimes.com/business/raytheon-sheds-8000-aerospace-jobs-amid-collapse-in-air-travel/%3famp=1 Collins will take a huge hit followed by Pratt and Whitney. Stay safe everyone
Over the course of this merger I have been keeping tabs on many small details that I believe point toward a major restructure in early 2021. This will be a long winded post but I would like input from anyone on their prerogative. Raytheon was... — read more
Somebody else asked this in another thread and I'm going to join them: do we have any idea what kind of severance packages we are looking at? Considering the current situation, I wouldn't be surprised if they decided to save money by reducing... — read more
I think most people know mass layoffs are coming. What's pissing everyone off is how they're dragging it out. Waiting until just before the holidays is a big f-you becaussle that's when other companies slow down and stop their hiring for the year (so... — read more
The email ame from Chris Calio's office today. The package is available to all employees 55+ who have 5+ years of experience. Also, the 2020 raises that were deferred have now officially cancelled (as if we all didn't know that would happen)... — read more
Layoffs at the legacy SAS are happening quietly. I was unofficially told to expect notification next week. These layoffs have everything to do with the merger and your pay grade. In my department there are open reqs and I was told that I can not... — read more