Confirmed via email from Steve Timm this morning.
Topics regarding layoffs at Raytheon Co.
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
If you had all power available, how would you fix Raytheon?
We can all see that UTC is taking over legacy Raytheon. It was a buyout not a merger of equals. Lies.
Where did you hear Raytheon is tightening its belt "across the board?" My understanding is that legacy Raytheon still continues to hire for new positions and is not facing furloughs / pay cuts. Meanwhile, only SOME employees with Pratt &... — read more
Is this what my "deferred" merit increase is paying for? https://www.bloomberg.com/news/articles/2020-06-02/raytheon-leaders-get-merger-windfall-amid-furloughs-pay-cuts
If Raytheon is primarily a defense contractor, like Lockheed, and government contracts have not yet been affected, why is Raytheon tightening its belt across the board? Are they simply anticipating a drop in revenue, or have they actually lost... — read more
In a call with invesotes, Greg Hayes said there woukd be more employee furlough coming down the pike. And although he's still stopping short of mentioning layoffs, he did say “There’s a lot of pain to come yet, a lot of tough decisions ahead of... — read more
Collins Aerospace team, As COVID-19 has swept across the world, its challenging effects have touched us all in many different and very personal ways. Every day we’re learning how to adjust to the profound changes around us. In addition to this... — read more
I'm a legacy UTC employee (Pratt & Whitney) and since completion of the merger, I've applied for several positions with legacy Raytheon (specifically with the Intelligence & Space group). For 3 of them, the status changed to "Under Review" within 24... — read more
I have received a job offer from Collins Aerospace (now Under big Raytheon Tech umbrella). I am still presently employed by a large defense company that is not suffering from layoffs or pay cuts. However this job offer provides me with a better... — read more
it's happening. stay safe.
Message from Greg, for all RTX employees. 10% Paycuts, starting in June for Pratt and Whitney and Collins people. It's all temporary boy and girls. Stay safe out there.
The merger numbers at face value make no sense even with early or encouraged retirements. Just do a comparison to the reporting of other companies like Boeing and Lockheed you'll find current employee levels are not sustainable. RayTech could... — read more
I was recently given an offer at Raytheon for a position as a Senior Network Engineer at their El Segundo California office. I like the offer I received, however I have not accepted the offer yet. I am a bit hesitant to take the offer given the... — read more
Where is this taking us? How will be the rest of the year.
Is there a hiring freeze?
Please share? Any hiring freezes?
Please share how many employees work at the company. Finally, how many of them are employed at Waltham?
Do we know for sure how many people were laid off in the past 12 months?
If the economy turns around, do you anticipate any Raytheon Layoffs 2020? Any news or rumors?
I had 3 interviews at Raytheon this week with different departments. I did not get any of the jobs. Are these postings rigged? How does one get in from the outside?
Do you think this is an issue now?
Hopefully UTI took that work back to the east coast a longggggg time ago. Pentagon ends Boeing 'k–l vehicle' contract, cites technical problems WASHINGTON, Aug 21 (Reuters) - The U.S. Defense Department said on Wednesday it is canceling a... — read more
More cuts... A major change in how the Army contracts for warfighter training has resulted in a game of musical chairs of sorts for Raytheon workers at Fort Huachuca in Sierra Vista. Raytheon and major partner General Dynamics recently reported... — read more
57/43 UTI'S favor Time to update Resume — read more
Over the last 2 months positions I have applied to at Raytheon end up with the req being cancelled. What is going on. Also has anybody been hired through a hiring event? I attended 1 and there were no new open roles and no on the spot interviews.
What gropus will be affected? IT & HR? Anyone else??? — read more
Are the inexperienced going to know what to do? Or will it just mean more overtime for the senior employees
I was included in the March layoff. It was a bit of a surprise. While I'm not happy about it it, because of my position, I'm aware what drove it and the steps taken to avoid a RIF. Yes, Raytheon made $2.8B in 2018, but Wall Street analysts looked at... — read more