Thread regarding Lockheed Martin Corp. layoffs

Corporate Layoffs October 2020

LM Corporate doing layoff 6-10% end of October.

Hearing individual BA’s will be trimming back around 5% each into 2021.

by
| 2698 views | | 4 replies (last )
Post ID: @OP+17icXZur

4 replies (most recent on top)

100% true. Unless you're a new college hire, offered a really low salary, I think it would be a mistake to take a job with EBS now.

4-5% here by the end of October, but this was described as "Phase 1", with several more "Phases" to happen in 2021.

personally, I think this is LM trying to cover themselves against the election. If Biden wins, and the Dems take the senate (and hold the house), it's a good bet that the defense budget will be slashed, which would mean LM's revenue would plummet, which would mean that they'd have to do a LOT MORE cuts in personnnel.

by
|
Post ID: @dbtt+17icXZur

How true is this? I am expecting to start with EBS but it is on hold until final decision is made?

by
|
Post ID: @aibw+17icXZur

We were told in a meeting today notices go out Monday 10/19.

by
|
Post ID: @9ebz+17icXZur

Yep. At EBS it’s something like 4-5% and another round next year. They said those affected will be out on October 30th so that means the notice would probably go out the 15th/16th.

by
|
Post ID: @1vpm+17icXZur

Post a reply

: