So much for being a "top tier" contractor. While L3Harris smothers itself with its' own bureaucracy, smaller, more agile companies like the Sierra Nevada Corporation have been eating your lunch.
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Corporate jet here in waco today. Here to finalize the numbers for the RIF next week.
A lot of deadwood in the Canadian operations that are likely candidates for removal.
April 11th was just the beginning. Company announced target: 1 Billion dollar in ‘savings’. Where’s that capital going to come from?
Site Closures (Confirmed)
Selloffs (Segments / Business Functions)
L3Harris sold their antenna business for $200 Million (June 2024)
https://finance.yahoo.com/news/l3harris-completes-sale-non-core-120000147.html
Employees sold off to Accenture
Return-to-Office (RTO) Mandate (A percentage % will bail out on this one.)
Reduction in Force (RIFs) - When, Where, And How Many (TBD)
Add the following to the mix —
Losing / Not winning contracts
‘Retirement’ of VIPs
Low company morale
Remember that you’re the one with your best interest in mind.
of course L3 Harris will lay them off. this is a company that put over 2,000 people out of work back in april. and, they're not finished.
We need reduction in failure
This is what we didn't get....
The initial award on the 12-year indefinite-delivery, indefinite-quantity contract is $93.5 million, with an overall ceiling of $991.3 million. HADES will provide transformational increases in speed, range, payload and endurance for Army aerial intelligence, surveillance and reconnaissance capabilities: ouch 🤕 I guess the people that were hired for this lost cause will work on something else? nah.