The way our leaders manage this company could be managed by just about anyone. Is headcount reduction really the only way for this company to save money? I'm sure it's not.
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Yeah there are definitely still people being laid off here and there. And some people quitting.
Had a couple of people announced gone in my group this week. I think it’s the typical “a few here and there” cuts that happen regularly.
New method is to use shared workspace. So you'll have no table and you just bring laptop to some random spot and connect there dealing with docking station and monitor setups every day while having nothing own around. This combined with 3+2 scheme can reduce building usage and they can pay less for smaller rented space and...save money!
Nobody cares about hygiene, comfort or that engineers usually need various tools around. Because these ideas are coming from guys who only use phone and 12" laptops.
Hahaha, Honeywell is a 'Bring your own pen' company.
Not joking, we are a design team and we've not had stationary for nearly a year!!!
The real way to save money is pens. No new pens without the approval of your department head.
Will Illinois have RIF's or furloughs?? Any more news about the headquarter move from des plaines, IL?
They prefer site closure and offshoring.. too bad the buildings are all superfund sites and we have to pay people to take them
Too many levels of mgmt. THAT is where the layoffs should start.
2 RIF's are baked into the plan. The plans are reworked every month until May to ensure cash is available for earnings release and executive bonuses. The restructuring cost are baked into Q2 and Q4 numbers.
Roles are allocated to offshore COE locations or H1B sponsored visas. To reassure those still on the payroll, roles are posted with no real intent of backfilling, to wait and see how much workload the org can absorb.
Retired years ago. I see its groundhog day and the same old same old. Hire fire syndrome. Which quarter is it kiddies? Say it with me..... the most important quarter in Honeywell history. Until the first day of the next.
Imagine a leadership team focused on making money through growth rather than saving it through contraction.
Any money earnt is off the back of a decades old legacy leadership team who actually designed product. Imagine that, developing 'new' product!
It is considering this company is dependent on selling legacy technology.
If you like working Monday through Sunday, and holidays too, Then you can reduce headcount. They do this at my division, all the time.
There is more overtime when you reduce heads count. This is why they get really tiny raises then you’re forced to work all that overtime. The only way you gonna make it.
If you get a whole work crew that is addicted to overtime, and lives beyond near means. Then you too can become slaves to your job. It also helps if you are super loyal, and there’s always openings for higher positions. It’s super cutthroat at my place.
I honestly think a barrel of monkeys could do better. Headcount reduction and furloughs are merely methods to transfer employee money into honeywell money for the purpose of stock price and thus executive compensation. Honeywell does not exist to make the world a better place. It only exists to make the executive's world a better place and you are not in it.