Thread regarding L3 Technologies layoffs

Layoffs are coming

There were no layoffs as of yet, but they are coming from what I've heard. The latest number I heard was around 250, possibly operations and quality areas. There is no time-frame that I have heard. New president needs to meet what the last president did in revenue. Best and fastest way to save money, layoffs. 250 employees making 40,000 a year, that saves 10 million. I know I've heard talk of management being trimmed since we all know L3 is management heavy. And have you noticed there are a lot of senior employees "retiring?"

Posted by @RJGh3j7-3wpc, bumped for info.

by Anonymous
| 5938 views | | 11 replies (last ) | Reply
Post ID: @OP+RQUIrbg
Comment! It's anonymous!

11 replies (most recent on top)

Layoffs what layoffs we are still waiting and waiting and waiting and waiting here in Waco I think it's all fake news but it's not bad for getting paid for doing nothing hahaha

by Still waiting
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Post ID: @oojn+RQUIrbg

Looks like a number of postings for Greenville

by Doofus Does Dallas
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Post ID: @gvjz+RQUIrbg

I wonder why there are no job postings for Waco PID on the L3T career search page.

by Anonymous
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Post ID: @clzp+RQUIrbg

It sounds like to me if she found a new job you guys are going to be looking for a new job soon

by not as dumb--she looks
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Post ID: @ciwi+RQUIrbg

Yeah she was like a cancerous tumor feeding off L3 not if they cut that cancer out and maybe L3 will have a chance to survive

by DH the cancerous tumor
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Post ID: @bfjl+RQUIrbg

The witches job relied on the P8 contract. We didnt get it so she found a new job.

by 1555
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Post ID: @bmno+RQUIrbg

With the wicked witch gone you people in Waco better start shaking in your boots the end times are coming I think the witch knows something you guys don't

by You better run
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Post ID: @ants+RQUIrbg

If, by Waco, you mean Vertex who knows. It's well established that this business unit is being sold off https://insidedefense.com/insider/l3-expects-close-sale-vertex-mid-2018

and

https://seekingalpha.com/article/4140303-l3-technologies-lll-ceo-christopher-kubasik-q4-2017-results-earnings-call-transcript?page=2

Planned Layoffs: Assuming that, by divesting Vertex, layoffs from this business unit isn't necessary. Looks like they're expecting to expense $30M worth of restructuring/severances.

https://seekingalpha.com/article/4140303-l3-technologies-lll-ceo-christopher-kubasik-q4-2017-results-earnings-call-transcript?page=7

https://seekingalpha.com/article/4140303-l3-technologies-lll-ceo-christopher-kubasik-q4-2017-results-earnings-call-transcript?page=9

by Anonymous
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Post ID: @1ghm+RQUIrbg

What’s the latest on the next round and how many at Waco?

by KeepUsPosted
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Post ID: @qtr+RQUIrbg

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