Thread regarding Resideo Technologies layoffs

"Please find link below to download the Manager Toolkit for actions occurring this week in the United States, Canada and Mexico."

I thought there were no layoffs????

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Post ID: @OP+13AV240l

45 replies (most recent on top)

So krafty the klown or 5.0 Michael Jordan?
We must be desperate, dumb, and wanting to commit corporate s–c-de.
I guess we needed to go deeper into a hole.
Why not even try rsi flashlight ? I mean we can only go down right?

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Post ID: @8pws+13AV240l

Who is the next CTO wannabe?

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Post ID: @6fwn+13AV240l

And in case people wonder, none of those riff will apply to former lieutenants of moobs.
One is even gunning for CTO to send us into the next hole

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Post ID: @5prr+13AV240l

Hearing P&S will have a new org structure in 2/3 weeks and several RIFs by the end of April.

Also hearing that EMEA RIFs are taking a bit longer to be finalized, but are coming.

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Post ID: @5qhc+13AV240l

Anyone knows why the majority of lay-off were in the support areas like GTC, IT, PMO and so forth and none of the many directors and managers that got us where we are were not really affected? I am thinking especially Melville, Austin and GV which has the enablers of the previous CTO and new wannabe CTO who di not make it. Those are part of the deep hole we are in. (Current negative talk from them is why we don’t all quit)

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Post ID: @5kpc+13AV240l

While you’re all getting ulcers and biting your nails and affecting your family life, this guy left and no longer has those worried. Why are you all complaining?? Dust off your resume and get the heck out!

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Post ID: @4prt+13AV240l

Yes uncanny those post tell it as it is for real.
Confort Storm is in same situation as QS maybe Q4 but most likely 2021 as engineering is k–led in this company...
storm could removes features and try to release early and hope the product doesn’t blow up and k–ls what’s left of our customers base
BUT Like the wise Clint said... “do you feel lucky punk”? I don’t think we are, as lady luck retired 2 years ago and left screaming, after asking the former CTO “in action” if he got his engineering knowledge from inside a box of cereals

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Post ID: @3lld+13AV240l

Wow comments below hit nail on head. No new products will come out anytime soon . Last I heard GRIP/quicksilver is delayed until first quarter 2021... they are scrambling to get it out by Q4 but that’s not happening

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Post ID: @3wdt+13AV240l

3xew,
Everyone is following the example of the moobs gang... as long as the gravy keeps coming why quit.....however the company would like as many to quit.. leaves more money for the golden parachutes and certainly cheaper than having to pay people to get them lay-off...
Sticking it seems counter intuitive but makes sense in rezi.....

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Post ID: @3nij+13AV240l

I’ll never understand the mentality of waiting to get fired for an effing severance when you can actually het off your a $ $ and get a job in its place.

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Post ID: @3xew+13AV240l

3lfr, and others referred in the response. Correct on so many points...let’s think this through.
First : It is unlikely any products will come out this year. Not by Q3 for sure. This is not a project management issue. Anyone believing that some pmo expertise can save the day takes a very simplistic view of real life and the world...and does not really understand how the parts fit in the whole. No tool to manage a project can save you now. At this point managers and directors should be able to project manage.
No product means lay-off in areas not related to putting the product out ASAP . This is what you see now. Cause - effect and cuts to reduce costs fast. Not a plan .. the cause effect at play. The lists are a standard practice, that does not mean the whole list will be executed. Maybe a quarter or half or whole as this depends on what will be the business direction. Complete sale or recovery of some parts. Lists are adjusted accordingly. So don’t assume numbers are finalized. More tuned as the direction becomes clear.
Stepping back: what do you see in the board? Only some M&A events not really spins experts. No real drive to direct. Bring their friends with no experience in manufacturing but focused on software .. and software for games no less.
Then you start to see gigantic efforts to experiment building software, all of those efforts not capable of delivering anything right away . But none of them have that management expertise, yet find compliant people willing to try it out. Looks like that whole org was building their resume on our dime and self promoting themselves. This is coming to an end. They got what they wanted and are planning to exit. Just trying to make the gravy last a little bit more.
As for what is next?
Portions of Rezi to be sold is on the table and the board will be benefitting from it. Board intervals were never aligned on the direction.
But now as the gig is up? Well the same people that brought us here and at level far below the board are trying to regain some power... memory is short... the same time 2 years ago those guys created the situation we are into... if they knew what they were doing... why didn’t they do the right thing 2 years ago... so Just jockeying for some $ -thinking about a specific marketing person saying that.... but hey when when the titanic is sinking any cardboard solution seems good rigth?
Clearly some are using their knowledge of the BCG reports to position themselves for the next picking. In those condition.. lay offs will continue.
Bottom line; If you’re smart don’t quit, wait for the lay-off .
Leaving means you get nothing. That said morale is so bad, there is no way anything can get done nor is it expected. We expect token work, no real work to be done.
Wait and see is the only option now
And what a f—ed up week end and quarter we have... while some count their millions and ill gotten promos

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Post ID: @3grx+13AV240l

Where to start...

@3uxg - I would agree, not only design teams but testing teams and anything NPI related being cut kind of tells you the plans for this company. Escpecially with more in this area planned. I have seen the lists and helped put it together and its not over in this area.

@3iok - You are more correct than you can imagine.... If you look at the numbers that include Q3 and Q4 plan you will see negative numbers in the plan up until Q3 then a huge spike. We all think this when the sale will occur (or saleS start to occur) but just getting that from assessing actions and data like this.

@3hwq - I can confirm these are impacted in upcoming actions. This is just reality and sadly HR brings little to no value to ANY company its just worse here. As for finance, I can confidently say we have some of the worst finance people I have ever seen and I have worked in many big and small (many well known) organizations so it's really no big loss. Apologies if that offends anyone...just stating facts.

@3gkj - Possibly but only part of the plan so I hear....

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Post ID: @3lfr+13AV240l

@3iok - would one of those board members positioning themselves to buy a part of the company, happen to have been very close to ADI in the past? I suspected this could be the endgame as soon as the spin was announced.

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Post ID: @3gkj+13AV240l

I find it interesting that people who were not affected by this layoff know so much. I will say the layoff list is closer to 70%, and it covers the US, Mexico, and Canada. I guess we can all assume the people laid off were not liked by management or considered or incompetent or did not KISS Enough behind. That is irrelevant since the company never created a product to compete with the Nests, Google's smart home and security technology. They did not negotiate a great TSA, billed all of the cost from the Divestiture, and did not asses the business, or create a great product before hiring new staff. If Resideo took that approach they could have survived while hiring staff in an iteration based on increased quarterly sales. No need to complain or speculate just wish those who lost a job well.

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Post ID: @3yzv+13AV240l

HR PS and finance are speculation at this point... please show concrete numbers and locations not the fake BS from Austin to destroy even more morale it’s not helping.

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Post ID: @3hwq+13AV240l

In case people don’t get it... the current goal is not to get back to what we were but to get ready for an asset sale in October. That’s the direction of the board - some members of the board are already positioning themselves to buy selected portions of the company.
Other people are trying to position themselves with the prez and get promotions and get some higher positions in the new company. Those are actually now trying to prevent BCG from trying to make the company recover which would make the fire sale fail... fun times
Meanwhile people loose their job.... while people play...

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Post ID: @3iok+13AV240l

If you haven’t dusted off that resume then you have been living under a rock! This is not going to end well

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Post ID: @3ahe+13AV240l

You know when a company cuts its design team it’s no longer serious about making products (digital or otherwise). Especially when our smart home competitors have design teams in the hundreds. The executives showed their hand this week. Good luck all, hold on tight and polish those resumes.

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Post ID: @3uxg+13AV240l

GXD got hit pretty good.

HR, P&S and Finance will get hit hard in early Q2.

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Post ID: @3qnm+13AV240l

Any directors and managers got cut in Melville and Austin? Please share numbers.
As of now only support people like PMO, IT are bearing the brunt of the cut to reduce costs. It’s easy to go after people asking for plans and checkbox if they did this or that on a project or go fix printers or write some scripts as this skill set is viewed as basic level skill set. Most of those teams would likely be cut from 50-70%

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Post ID: @3szh+13AV240l

The lists that you saw were just the surface. When it is all said and done, thousands will be cut. We might survive this round but how about the next few? As customers continue to leave for companies that provide current products, numbers will continue to tank and the cuts will continue.

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Post ID: @2yxc+13AV240l

The lists that you saw were just the surface. When it is all said and done, thousands will be cut. We might survive this round but how about the next few? As customers continue to leave for companies that provide current products, numbers will continue to tank and the cuts will continue.

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Post ID: @2dkg+13AV240l

cfh - At least 84. The one I saw as just over 100 and included some folks that I would never in a million years think the company would let go. The scary thing is it has been confirmed these are continuing again next month followed by larger ones may/June. Cuts at this level seem like more than cost savings. They seem to be leading up to sale or selling large parts of the company.

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Post ID: @2mym+13AV240l

84 people on one list that I have seen. Engineering and IT the bulk.

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Post ID: @2cfh+13AV240l

Any directors or Sr directors affected?

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Post ID: @2tro+13AV240l

Several layoffs in Melville today. Expecting more tomorrow.

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Post ID: @2kfs+13AV240l

Who is baba the bear? Location?

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Post ID: @1axl+13AV240l

Anyone can report if any gamers and their teams in Austin got lay-off?
Not talking about IT support.

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Post ID: @1sqr+13AV240l

Confirming above 20+ today in all US sites. All levels, including a VP. VP confirmed (in HR sanctioned email) that those in engineering and PMO will be heavily effected too before this is over. Soon the three legged stool will just be a piece if wood on the floor ready for someone to buy in Oct.

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Post ID: @1edt+13AV240l

Wow this was reported from a lay-off person:in Melville ...
Manager said that he was ineffective because he could not figure out how to know what the manager truly wanted but did not have time to tell. Hence viewed as incompetent.
Hearing more of the same, employee blamed if they showed initiative or lack of initiative or both... it’s not really about performance it’s about if you p-ss-d someone off and got on the “list” and never got told someone did not like your hair color...at that meeting on one late afternoon...but your manager did not have the courage to say it... what a great culture

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Post ID: @qhv+13AV240l

My guess is that the total number of layoffs will be low for now, and will primarily impact support areas, rather than engineering, sales, marketing and business functions that should be key to driving business. If things don't improve quickly, I think all bets are off.

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Post ID: @sec+13AV240l

Looks like the stain has thrown many people under the bus...hopefully they know the list was created by .. the stain.... for moobs. Sneaky ....

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Post ID: @tcp+13AV240l

The only ones I hear about are IT related not true engineering or business. None that I hear outside IT in NA

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Post ID: @ktt+13AV240l

At least one in GV IT

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Post ID: @itp+13AV240l

Nobody in GV our 3D printers are busy creating fake devices for unsuspecting customers. We can spin this storm for another year possibly.

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Post ID: @ufw+13AV240l

At least 20 in the US across GV, Melville, & Austin. All from one department, so 70%.

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Post ID: @kqv+13AV240l

Instead of speculating... let’s reports the number or true size of teams
Otherwise it’s another game from Austin to screw others
Who can say from Austin if they are affected?

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Post ID: @sbr+13AV240l

@itu, I don't know how you could get to less than 10 ...

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Post ID: @wpy+13AV240l

No more than 10 people USA . If you know any better post numbers and locations, otherwise just fake news

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Post ID: @itu+13AV240l

Heard US, canada & Mexico without any numbers... Take care

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Post ID: @uny+13AV240l

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