I've been told from a very reliable source that layoffs are still coming after June 30th. I've been here less than 2 years, so I don't know my fate. But I do know good ol' George will cut anyone to preserve his way of life. The same way he did at GE.
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I have read stories that Molinaroli left JCI with much more than $40 million. I have also read that the money was paid in a "tax advantaged" way, to the benefit of alex. . . . gee, I wonder who paid the lawyers and accountants to figure out the most tax advantaged way in which to transfer company wealth to one man. If JCI spent half that money on market research, product planning, talked to their salespeople, then maybe they would have something today. However, when the guys at the top control the purse strings, and conduct business that benefits their personal interest over those of the shareholders and employees, we shouldn't be surprised. . . which raises an interesting question; How much do you have to pay an id–t board member to put up with that sort of behavior, or are they just inherently stupid and naive?
Bloomberg Law: Johnson Controls CEO set for $119 million payout
The same has happened in my location. We have one salesman to cover the entire state. That’s more than 50,000 square miles for one person.
I would like to add that I have worked for Legacy JCI for 10 years. It was always a fair and respectful in my location. After Alex Molinaroli entered in to an agreement with the devil, Tyco and George Oliver, he parachuted out with $40 million.
All senior management has been replaced with Tyco management and George has started hiring former GE employees to help run this company into the ground. So let’s get one thing straight. Legacy TYCOver management is ruining this company not JCI management because they are all gone!
Prime example of the utter stupidity of this company is they are now replacing all Ford Fusions with Chevy Malibu’s for management and sales people regardless of age or mileage. Yet we are laying off employees. It’s currently Q4. Shouldn’t JCI be tightening the belt and cutting spending like every Q4?
Anyone know if they will offer voluntary layoff packages?
I started with Simplex. Tyco bought us and made us SimplexGrinnell. Then JCI bought tyco. I have seen alot of layoffs and changes in the years and I have to say this is the worst. It use to be called RIF (reduction in force). Now its being called a restructuring caused by the corona virus plandemic. How convenient. We were told that everyone had to have reduced hours which was false. I know from talking with other field techs from different branches that wasn't the case. For 3 months we could only work 24 hrs a week. Unable to collect unemployment because we weren't eligible because of our high gross pay. Only receiving half pay checks. This I believe was a planned tactic to weed out employees to get them to quit. Then come to find out that critical customers were getting pushed back on service by days to a week to create a false backlog report. I agree more cuts are coming and it is truly sad to see a once great company (Simplex) and many others be just another absorb company ruined by JCI. Lead by the corrupt and dirty practices from Corporate heads.
They have been laying people off every month since February. It is so incredibly stressful to try to do your job when you have no idea if you’ll be next. I heard from local management that a list shows up with names and there is nothing that can be done, even your boss can’t save you.
Since there is zero communication from leadership I just assume the layoffs will keep coming.