Thread regarding Emerson Electric Co. layoffs

Layoffs around the corner?

I hope that it's just me, that I am just overly anxious and that there will be no cuts soon.

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Post ID: @OP+1hgJTidH

8 replies (most recent on top)

I bet everyone’s raise this year will keep them ahead of inflation! ๐Ÿ˜‚

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Post ID: @pnaj+1hgJTidH

It was exactly one year ago when I got a 2.7% raise and thought to myselfโ€ฆ I’ll bet I’ll get no raise next year.
It was then that I decided to start talking back to the recruiters who are calling.
It took me about four weeks to get an offer, and about a month later I started my new job.

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Post ID: @nowj+1hgJTidH

It’s already started at PSS, with at least 20 cut from the Projects group in the last week. You can bet there are more to come.

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Post ID: @mgwn+1hgJTidH

The BU's are getting hammered on EBITDA and sales due to the inability to make product. Supply chain has no idea what they're doing and costs are going up all over. Huge backlogs. Yeah, there will be cuts like there is every year.

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Post ID: @1gjm+1hgJTidH

Add to this that many BUs will not make their sales numbers this fiscal year because of component shortages, so the writing is on the wall.

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Post ID: @1zdz+1hgJTidH

I don’t think it runs on that cycle anymore. Funding the full Aspentech acquisition and shift to software means consistent profit performance is needed from the other BUs. Reducing rooftops, digitalisation and portfolio rationalization by any means is the game plan. Expect more layoffs. Exiting Russia will reduce costs/heads a lot but for some BUs that was a profitable market.

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Post ID: @1brd+1hgJTidH

Every 3-5 years? It’s about every 2.5 now.

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Post ID: @1aoh+1hgJTidH

๐Ÿ˜‚๐Ÿ˜‚ when you’ve been through a few of the cycles you get use to it. About every 3-5 years it’s like clockwork.

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Post ID: @vls+1hgJTidH

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