I know IGS and PSS are planning significant layoffs today. I think mainly overseas from what I’ve heard but there are impacts here in the US.
And don’t get too comfortable. A 4Q furlough is most likely on its way.
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I have no idea but I have made peace with the fact that I will likely only be here at most a year and could be gone any day. They are watching billability like a hawk to find the next victims, at some point mine inevitably drop and the axe will fall.
Has anybody got an inkling what is going on? All the talk is of something happening soon and our team are on tender hooks right now.
Management have clammed up, started acting strange and hide as much as they can, this is horrible!!!
I think a lot of us are hoping to be included in the next round. It would be such a relief!!
Every town hall there is zero mention of the layoffs, total softball questions in the QA sessions. If you were a true leader you'd have the guts to at least acknowledge that a significant amount of people have been impacted, but nothing. Its pathetic.
Come on!!!!!!! I am so ready, please be a sign this happening soon!! Everyone in the office thinks a big hit is coming....I am praying for it!!
Looking like last year again, I just saw HR in our Directors office again today, thats twice in a week. We usually only see them a couple of times a year and you could cut the atmosphere here like a kn--e.
In my humble opinion the SPS division is toast. The reason I believe that is Honeywell placed Intelligrated into the SPS division because it was very profitable and this was to allegedly to shore up SPS as a division. Well, after we were all sent home during Covid Honeywell began the move to Mexico. They moved (1) department there completely to start. It wasn't very good and we all know the recipe for one failed experiment is to do another one and watch it fail, BTW none of the issues were corrected before more changes were made so eventually nothing worked. Finally we could not get product or a ship date, instead numbers were assigned the orders which unfortunately did not correlate with the calendar. At that point I became curious and started internet searches for new investments, expansions, etc.. The most $ were flowing into Mexico for nice new modern manufacturing facilities. Sadly that did not work out well as one very simple item took nearly a year to produce an in spec part. Through all of this the poor customer got the runaround and the shaft and now they are gone or will as soon as they can.
Severance package here I come... lets goooo, come get me!
Just been reliably informed that there will be hefty SPS layoffs before the year is up and big changes next year.
Anyone notice odd behavior (more than usual) from their director or manager recently.
Mine are really twitchy and been having meetings away from our offices. I am nervous as I survived the last round of RIFs but I feel sometimes that cheaper studios could do our work easily and we don't really need to be here.
Can anyone tell me the headcount lost in Mount Laurel, NJ? NJ64. Was let go 2 years ago, RIF victim, just wondering who is left there.
I heard a story from a Director in SPS that HGAS once urgently shipped crates of detectors to a major government body and when they opened the boxes they were all empty, someone forgot to pack them and just shipped empty boxes! That sums up today's SPS!
@6mhv+1ouSKQab Bang on the money. Not much left other than faltering PSS and a stagnating Fixed Gas business. Legacy can only last so long.
PPE is right there with Intelligrated. It has been a mess since at least 2013 during the SAP integration. Lost a lot of market share in 2014 because they couldn’t ship and been downhill since. Used to think every year they would hit rock bottom but leadership keeps outdoing itself. No new products is what is going to finally put a nail in its coffin. Eyewash business and salisbury( although numberous competitors have risen the last 10yrs)is really the only things that someone really would want to buy. Miller is done, Howard Leight has a name but everyone has ear plugs, uvex isn’t relevant anymore because of zero NPI, fibre metal has had no invested in the last 20yrs, and North the only thing of value is the glove box gloves but that will be sold to whomever buys salisbury. Same for BW and Rae in SST, Honeywell has ki-led those brands and companies like Blackline, Gas Clip, and Watch Gas are taking employees and market share
Only "named executives" compensation is published. John Boy used to be a named executive, as president of SPS, until he was ?promoted? to Chief Crooked Officer. Now nothing about his compensation is published. Really a shame because everything about that boy is a joke and I'm always looking for a laugh.
VK and senior leadership compensation is public knowledge since we are a public traded company. That have to submit these figures to SEC.
Load of nonsense threads appearing in the last few days (likely HR tolls) to try and bury what has being discussed recently such as VK likely earning 700 x the average Honeywell salary, potential buyers walking away from Intelligrated and significant layoffs to come! Thankfully moderators here have burned a couple of those stupid HR threads!
How hard was PSS hit?
Intelligrated is a dead man walking.
There is another SPS business following hot on its heels too. SPS will be broken up in 2024.
Team center and Cora will fix everything, Intelligrated will getting $1B dollar orders in Q4-2023 as per IGS management.
Process improvements will fix everything. No need of experienced engineers anymore to execute the projects. Team center, PLM, Cora and process improvements will execute the projcets.
And yet…
"Honeywell performed exceptionally well in the second quarter, meeting or exceeding guidance for all metrics," said Vimal Kapur, president and chief executive officer of Honeywell. Jul 27, 2023
I can not tell you the shame and humiliation I had to endure visiting customers.
They HATE us and all I could do was agree with them and apologize knowing that the only thing that ever changes is the cost going up.
Yeh, we know it's a 20 year old product with a new screen and all the old problems are still there but we are going to now charge you twice as much.
These guys don't give a f*ck if they are running the business into the ground. No long term thinking whatsoever. All they care about is their next bonus and future job prospects within H in a few months or so. Are we screwing our customers over long term? oh well don't give a f....
New LSS boss is a total Bo-b. They should have stayed with the interim leader. She is so much better.
2 layoffs since he joined and still hadn’t addressed his team. Keeps asking everyone if they are Honeywell or Intelligrated, guess he is trying to find out who is a yes man vs someone who isn’t.
Honeywell prefers the shortcut RD path. They buy it from another company.
If Honeywell is not investing in R&D, what is their future? None as far as Intelligrated is concerned. Honeywell seems to driving out as many people as possible before shutting it all down.
Why is JW still on the Honeywell payroll? Is Honeywell management stupid or what?
Look at HON stock. On track for some relative lows...Underperforming the market.
SPS is a great business. Lots of opportunity. Do your job. Be proud.
Give it a few days for those axed Mason positions to be listed over at Honeyhell Mexico.
It is risky business holding out for the 401k match, I tried to do the same and they laid me off 2 weeks before the vesting date along with a lot of others. It was dirty.
Was part of the R&D layoffs in the Mason office today. Could see it coming for awhile now. The remaining talent on the team is quite strong and committed, but they're also not stupid and I expect they are either already looking for a new position or holding out for their 401k match in December. I certainly was. I expect the R&D group to be completely decimated by the end of the year.
SPS is not part of Honeywell's future.
That will become evident soon.
Sad to hear of more layoffs. One thing I noted over the years is that HW is great at stripping cost out of a business - However, they have absolutely no idea of how to grow a business. The number of acquisitions that no longer exist is astonishing. This didn’t really matter whilst HW was a growth company through acquisitions in the DC era, but since it changed its approach and tried to grow the business organically, it’s been a total disaster. The only approach left is to make increasingly deeper cuts. The business has been harmed irreversibly to try and meet quarterly targets for Wall Street. The HW bubble is about to burst in the next few years. I would be surprised if the current senior exec. Retire on their own terms. Maybe DA recognised this and decided to leave early to save his reputation from being tarnished.
@qub
It looks like those quotes were taken directly from the CCP playbook.
Yes, but, what does Honeywell do for our customers? When a contact is simply no longer available? Nothing. We've all been here and done that. This is thrown on to the backs of our project managers. And they are leaving in droves.
IGS engineering has seen 21 let go so far in the Mason office. A warn notice was issued for the coming closure of the Fairfield warehouse.
Keith F., Miro K., and Jane L. have done a phenomenal job of absolutely destroying IGS. I don't believe that a single subordinate within the IGS ranks takes any of the clowns and their "acumen" within this industry or business altogether the least bit seriously.
There were directives issued to managers and supervisors to "eliminate all negativity" and challenge it with "positive direction and transformation". Essentially lie about the burning building in front of everybody's eyes. This org has become a comical joke at the expense of some pretty incredible history within the material handling space, not to mention livelihoods..
No one can say they were not well and truly warned about what is coming.
I am in SPS but not in Mason. That is the value of this website. I'd never have heard of this if I didn't come here. Now I expect to hear that someone that I've been working with is no longer with Honeywell. I'm not even trying anymore. Time for a drink.
@thn+1ouSKQab The game off stripping the business to boost financials has a limited lifespan, as previously mentioned in another post VK probably has 2 years left in which he can continue where DA left off. Basically VK has been gifted with mopping up the bowl before it collapses, be nice retirement booster for him.
@thn
And yet, Honeywell will post record 2nd half profits and many of us will be looking for jobs. Then, next year, we will hear from Hineywell asking us to come back. Only executive compensation and this quarter matters.
Yet Honeywell posted record 1st half 2023 profits. Hypocritical much?
I was taught in business school (many years ago, so maybe this is in antiquated concept) that one of the plusses of a conglomerate, is that struggling divisions were supported by corporate/profitable divisions, so that they could help the struggle business could turn around. Silly me.
Three from my department were let go at the Mason office. R&D is being emptied.