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?

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Post ID: @OP+1251ZawK

5 replies (most recent on top)

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?

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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.

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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.

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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.

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Post ID: @4zvdw+1251ZawK

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