Hearing possibility of more RIFs, furloughs and salary cuts as they are that bad... anyone else hearing this? Not sure what's left to cut with the exodus going and what's already been cut.
13 replies (most recent on top)
So far no RIFs but public release of financials is 21st of April and Investors day is 24th so changes will come after that
Instead of Honeywell trying to buy UTX, maybe it's time UTX considers buying Honeywell. They could get it cheap.
You can't keep pulling income from the next into the current quarter forever. Makes sense that they'll reset the clock and take their beating at the same time as the change in management.
Get real -- we are a software company. If you are over 30 and aren't working in Atlanta or Bangalore you are not the future of Honeywell. Check the patent application rates. It tells the whole story of Honeywell. Patent applications are in Petroleum and data processing. Getting the other businesses down to a size small enough to sell off is the goal.
All will be revealed April 21 and not before. Problem is that the numbers don't have to be that bad to trigger more reactions since double digit margin improvement was just reconfirmed March 1 investor conference.
You mean beating the grown adult professional employees didn't make the numbers better? Gee, who could have guessed that?
Lighten up vvx, this is all speculation with no hard facts. Not sure what you read that caused you to warn folks on SCC.
Oh well, what ever it takes to make you feel knowledgeable
Trolling for numbers and trying to post out here? Ever heard of SEC regulations? Anyone who posts any insider info on financials deserves the jail time and fine that could accompany those disclosures.
LOL. The word is out: avoid HON. People now know what this joke of a company is all about, which is making Dairyass and daveyboy rich off of your backs. I'm laughing as I'm typing this as HON has become the laughing stock of the aviation world. Raytheon is offering sign on bonuses while HON flirts with more cuts, more furloughs and more RIFs. I guess it's just par for the course.
These are the last years of HON; we're in the home stretch. Maybe the senior "leaders" can collaborate and write a book on how they turned a great and profitable company around and drove it into the ground in just a few short years?
If there was a pay cut, we would have even more resignations. We already have 22 open jobs here and any further resignations will kill us off.
So glad I was shown the door during the WFH debacle. I keep watch in this site just to reaffirm my decision not to drive 4 hours to snd from work.
Severance was nice and no regrets here.
If the numbers are as bad as I am hearing, our new CEO will move quickly to take action. Unfortunately the action that his history has shown he will take will be more cuts to show wall street that he is decisive and willing to make tough decisions. Then he will be shocked when the numbers in Q2 don't improve.
Of course the numbers are going to be bad! You can't expect any different when we are losing so many people!
RIFs and furloughs are NOT the answer, they are the problem!
If only our leaders could pull their heads out and acknowledge what they've done.
Of course maybe someone could write a book about how to destroy a Fortune 500 company in a few easy steps.
Oh wait. That's already been done. Thanks for paving the ground Hewlett Packard. / ;