To put this round of layoffs into perspective, prior to the spin-off, there were supply chain issues. (This is noted in the lawsuits.) I have first-hand knowledge that it wasn't one group's fault per se. Those issues had been precipitated by the senior management directive to minimize working capital (i.e., component inventory) therefore not generate requisitions/PO's. Electronic component manufacturing capacity worldwide was already strained and we (HON/REZI) were not prime customers (think long payment terms to our suppliers).
This starved out production lines and caused internal "jumping through hoops" to source and then supply. Not optimal obviously. PwC identified that in their study (2017) and finally the purse strings got loosed in late 2018. Too late. Production lines that had been idled lost capable lines people and bringing on new ones made it hard to increase productivity.
Note: The fall out of the REZI reputation with customers and industry is not really going away anytime soon. I can't really speak about the products themselves though many here are very expert on their utility.
Organizationally, there was a lot of hope riding on Nefkins for REZI though he inherited legacy HON people that brought us to our current situation. FIngerpointing and "attacking" the weak/personable people is a leftover HON culture. So is making the "underlings" do the dirty work.
Many senior management personnel have such wealth due to HON/REZI. I overheard some of them comparing how "big" their war chests were, like number of classic cars in their possession and their third or fourth home at some vacation paradise.
The ones who were creating the roadshow really were optimistic in their projections (firsthand knowledge) and set up unrealistic expectations for REZI. This would make REZI more attractive. Please note that residence + presidio should be Residio (proper portmanteau) rather than Resideo which may more accurately describe RSI Video.
What we're seeing is the result of the "infrastructure" laid down (and by BCG) for REZI.
So much for the "Day Zero" and "Day One" rah-rah when we spun-off in Oct. 2018.