I just started at a company in Northern Virginia this week. My officemate was let go today. When I asked about stability of the Cmpany he said they recently went through a restructure and some leadership was let go; he expects another round of cuts among lower‑level managers. He also mentioned springtime layoffs have been a recurring pattern over the past two years, so it’s unclear how widespread this will be.
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@aq+1kpbhq87m, if you expect to keep up with inflation, you need in-demand skills that are in low supply (unless you can find an employer that pays based on cost of living rather than cost of labor). L3H's execs focus on their own compensation and on creating a perception of shareholder value. Worker-bee satisfaction is not a priority unless it threatens the business. L3H offers subpar benefits because people still choose to work there, and the company (like most) tries to keep payroll costs as low as possible.
All jobs are independent contracts. You agree to exchange your time and expertise for what the company agrees to compensate you for. It is a gentleman’s agreement more than a legal binding, but any job comes down to this. You were hired but that doesn’t mean the right hand knows what the left hand has in mind down the road. You are a cog in the wheel, but you can also exercise your own choice to work for L3 or work for someone else at any point.
Getting laid off stinks and is a disruption, but in the end it is up to you to define career goals. No one works any longer for a pension, so the idea of loyalty on either side is dead. Enjoy your new job, make contacts, advance your career; those are the things you can control. You can’t control if a thick carpet type has already decided the fate of your job in 6 months and no one told your bosses bosses boss.
Welcome aboard. So this is the layoff site so expect a more negative bias. I'm sure they'll be around shortly BUT my take after working on the West Coast for L3Harris the past few years is this: if your site is getting new contracts and renewals you should be safe. Corporate bean counting being what is is they've done RIF around 5% after years of buying and absorbing businesses. The trend is likely to continue as the CEO is an accountant and IMHO loves to play to the stockholders.
From my view: The cost of living increases and health insurance is subpar and I don't see myself holding a job here in 5 years unless that changes. I've got a family to support and want to keep up with inflation. I do like my site and workmates though. Good people.
@OP This is the standard, and it's not just in springtime. They've had rolling layoffs since 2024. It's constant