Thread regarding Honeywell International Inc. layoffs

Is there executive incentive, legal or illegal, in intentional degrowth?

Exactly as the title says. The leadership decisions are so absurd that intentionally running my SBU into the ground for profit often appears to be the most logical explanation.

Antagonizing the sales team and paying them like sh-t, destroying any chance of recovering sales numbers.
Pushing irrelevant processes and tools into the progress spotlight, instead of business development and generating actual revenue.
Contrived performance reports during townhalls, full of lies and spin.
Conferences and presentations full of theatrics and nonsense, absent of anything tangible. (see 'contrived' above.)
Obscene approval hierarchies and org bloat rendering agile response time impossible.
Uncontrolled attrition due to all of the aforementioned and doing nothing to resolve it.

Yet despite all of the dysfunction, the execs will just shift from one burning SBU into another, with a fat bonus and raise. It's almost as if failure is rewarded and I do not understand it.

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Post ID: @OP+1tL8cYcB

6 replies (most recent on top)

That’s how you move up in the draft to get the #1 draft pick. In Honeywells case that means getting another Boeing or GE former leader with a track record of tanking businesses.

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Post ID: @arhf+1tL8cYcB

Honeywell chases money. Macro trends rise and fall and Honeywell moves with them. In 2006/2007 it was energy. Then sustainability. Then automation, pandemic health care, now ai and the singularity. Through it all bo--s and we-pons. If your business is being stripped it is to pay for some other venture that looks more profitable. To rise in a conglomerate you must predict the next money maker and move to those businesses. Or be happy making bullets… always a market for bullets

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Post ID: @4iax+1tL8cYcB

of course....it's called footprint reduction led by GS&I. Annual targets and a five year plan to eliminate sites all over the world because HW leaders have no clue what each sites even does. Many sites doing the same work as other sites and one would think this would have been rationalized long ago. Just another example of poor leadership and the constant churn of leadership in roles causing strategies to change or be shelved, only to come back down the road. Even when financials don't make sense to close a site, closures will proceed with bogus financial models and leaders will blame someone for the poor payback or budget miss....all this to say, the exec leaders get rewarded for closures and cost savings while some lower level takes the hit for the miss. Customers are never considered, it's all about the made up accounting process showing false savings.

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Post ID: @3qeq+1tL8cYcB

Winter is coming.

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Post ID: @2itg+1tL8cYcB

Long term growth has been sacrificed for a short term cash grab by executives through a bonus scheme that rewarded stock price targets by any means necessary.Wall Street has sadly not discouraged this behaviour so predatory executives have raided a lot of large corporations, like a bubble there is a threshold where the business will pay the price for sacrificing organic long-term growth which could takes a decade to revive. Honeywell is at that threshold right now, stock price will tumble and a huge contraction is inevitable after the smash and grab. Modern capitalism.

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Post ID: @2inr+1tL8cYcB

I often ponder the same thing, from 2018 Honeywell seems to have been he11 bent on self destruction!

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Post ID: @apf+1tL8cYcB

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