It isnt the layoffs.. it is the culture of fear.

I have studied the numbers and i know the names. Who stayed, who left, who retired, who was caught in a rif. The RIF was the least of the turnover.
Boomers are leaving in herds via retirement. With a thank you check if offered.
Top performers left because they could.. especially systems engineers.
The RIF took about 8 percent as advertised.

The end result is more damaging than a simple rif... systematic fear, isolation, and lonliness.
The world is suddenly small and rumors fly with no check. The historic connectors have been reset by retirement and attrition. Individual contributors work in deep program silos.
Worry about having work next month is not checked with normal feedback of seeing the parking lot full in the morning and customers walking the hallway in the afternoon. Do we still have customers? Can i believe the video on the town hall or is it ?

Mm found the burning platform that mahoney was searching for... .they know that despite what the self help books preach there is nothing that creates productivity like fear. I bet they are thrilled with the new culture of isolation and worry. Meanwhile the MBA teachers around the country use honeywell as a positive role model. ( this is true)

Comment! It's anonymous!

16 replies (most recent on top)

they are allowed to take earnings to the date of the"agreement" or semi close date..... not when consummated.. the deal details are public knowledge and can be found ..... al buys and sales of public companies.. divisions or otherwise require disclosure ... the revenue recocnition however can be hidden/differed/ changed or be a stock swap... which is taxable depending on how written

stocks trade on many things ....not necessarily the future... you can short a stock(capital requirements) buy a/an ETF shorting the stock or go long in many directions... it is not so simple as "future".... it is a dividend paying stock ......if you do not like financial statements. focus on dividend yield ... history/past/present/future.... let analysts decide(they can be wrong but the consequences are too great to go smoke and mirrors)... you should be getting more help from the Fidelity Reps... they use predetermined models created by a a division of Fidelity... Mutual Funds are separate operating entities... they can leave any company and go to another... they are required to work for shareholders(of funds.. hence Mutual...not the company}.... I am sorry ... my job was to know sales/support/BOH/phones..... I was licensed in all states... all territories and 4 countries...

they are allowed to take earnings to the date of the announcement or semi close date..... not when consummated.. the deal details are public knowledge and canbe found

GREED = Concur 100%
That means the leadership are loaded with stock options.
Solution: Reduce stock options, or extend the date maturity to 10 years.

VP leaves every three years? Now u know why.

"Then why all the RIF's of the knowledge base?"

Never, never, don't ever make eye contact with a SPS Executive. It rattles their confidence so the threat must be eliminated!

How many of "John Boy" hires were in the US, or were they in China, India, Mexico, or Romania?

Hey, John Waldron (SPS) said we hired 20k in 2020 and will hire 15k in 2021 in last townhall. You got to believe him. Sure!!! Then why all the RIF's of the knowledge base.

@2wnh People are the most important consumable resource.

yep still making money & raising the dividend, still making job cuts
and overloading the poor saps still there.

People are the most important asset though - aren't they ?
no really ???

@1fue: The reduction in revenue from 2018 $41.8B to 2019 $36.7B was primarily due to the Resideo & Garrett Motion spinoffs in Q4 2018. The revenue from those companies were included in the 2018 numbers but not 2019.
As for 2020, the revenue went down year over year (2019 to 2020) approximately 11% from $36.7B to $32.6B. I think we all know COVID-19 was primarily responsible for that and it's had a devasting effect on the majority of businesses in our industry. In comparison, Southwest, Delta & American Airlines revenue were all down 50%-70% YOY from 2019 to 2020. Honeywell being down 11% isn't that bad in comparison.
I'm not an HR troll, just giving my opinion on your post that the revenue numbers for the last two years are not all doom and gloom.

Pathetic, Anemic, Horrendous

Honeywell Annual Revenue
(Millions of US $)
2020 $32,637
2019 $36,709
2018 $41,802
2017 $40,534
2016 $39,302
2015 $38,581
2014 $40,306
2013 $39,055
2012 $37,665
2011 $36,529
2010 $32,350

Wall Street is just watching profit margin quarter to quarter performance and improvement over last year figuring that sales will return. Hence constant stream of closures and RIFs to keep improving profit margin. Since Honeywell is a conglomerate, no one thing will drive future sales strongly despite Honeywell grand schemes.

Stocks care about the future not the present.
Real question is .. what does Wall Street see in Honeywell portfolio that has so much future value?

Watch the stocks. Sell it before it plunges.

Leadership is dishonest. All for show. For wall street's benefit. Stocks is king. Let everything fall to the ground. They still get their millions off the backs of employees. Nothing new there.

Revenue has come down. How do you survive with much less revenue? Let go of people, hire cheap labor, reduce your cost while keeping the profit margins for investors still high. Covid will probably stay year after year with folks getting covid-vaccinated on a yearly basis. All companies are dealing with it having an equally rough time. HW is on a league of it's own for mismanagement and employee dissatisfaction. Easy to check out other companies layoff postings. The root of it all is GREED. When you are so greedy, you don't care about others, just yourself.

Thread regarding Honeywell International Inc. layoffs

It isnt the layoffs.. it is the culture of fear.

16 replies (most recent on top)

Post a reply