Thread regarding Arrow Electronics Inc. layoffs

Arrow Electronics Layoffs 2020

Anyone would care to chime in with a prediction about potential Arrow Electronics Layoffs 2020? Any news or rumors?

| 1885 views | | 5 replies (last October 3, 2020)
Post ID: @OP+1251ZawK

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How many people could Arrow retain if the CEO & board members each cut their salary & stock options by $1 million each & quit sponsoring the Indy 500 car?

Post ID: @5aynm+1251ZawK

I am hearing the number was closer to 100 than 40-45. This company is getting harder and harder to work for.

Post ID: @4Osza+1251ZawK

August 19 approximately 40-45 people’s positions were eliminated. Very secretive, couldn’t forward separation agreements due to encrypted software. Additionally, a very cold, heartless procedure. Whatever the criteria, some were let go that shouldn’t have been and then there are some still there that are unable to add 2+ 2–yet they remain.

Moreover, severance packages were offered but as of today, August 28, nothing has been received by the ppl let go I knew.

They have families, mortgages, rent, mouths to feed and the company seems to be playing a game of when the packages will be given.

Bottom line was $$ — they had a number that had to be met and once that was achieved, the rounds were made to each unfortunate person let go. Very impersonal—close to being butchered.

I often wonder how the upper management sleeps at night but given an inside view of their salaries, they probably sleep like babies.

As another said, God speed to those affected—in a a world that’s fighting a pandemic along with millions filing for unemployment, these people’s lives have been irrevocably changed in the blink of an eye.

Post ID: @4Aywx+1251ZawK

Arrow just went through a round of layoffs last week.
They refused to provide the number of employees let go.
Sad. No real reason other than to reinvest those dollars back into the business.

Post ID: @4zvdw+1251ZawK

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