Thread regarding Honeywell International Inc. layoffs

Impact on Honeywell

President Donald Trump signed an executive action on Friday to impose a $100,000 application fee for H-1B visas — in an effort to curb what his administration says is overuse of the program


by
| 6822 views | | 47 replies (last September 29) | Reply
Post ID: @OP+1k5jqyzcd

47 replies (most recent on top)

Still only 175 of them. So small as to be meaningless. Amazon had 14,000 of them last year.
Greater impact would be L1 visas which are widely used by Honeywell. Even those numbers are smaller than you would think.
Honestly Honeywell simply can’t afford to pay for true expertise these days. The FANG crowd pay their top tech talent seven figures and that isn’t rupees. H1b are supposed to be the top people not available on the market.

by
| | Reply
Post ID: @1j9+1k5jqyzcd

@1g5 the only thing is that each dept has to pay, not the corporate. So I think it will be painful, but the best is to have $100k/year

by
| | Reply
Post ID: @1j0+1k5jqyzcd

we should answer the original question.
honeywell requests between 175 and 220 h1b visas per year.
175 × $100,000 is $17,500,000
basically the same as lunch for former ceo with $500 bottles of wine all around.

by
| | Reply
Post ID: @1g5+1k5jqyzcd

H1b is a big nothing.
Only applies to new visas. Doesn’t impact the more popular L1 visa types.
Meaningless posturing.
Dump the complexity and just make sure nobody stays lang enough to make a difference. It is the overstays that matter.

by
| | Reply
Post ID: @1ay+1k5jqyzcd

@113 Automation will be broken up after the split, it is already in the works. Outside of Aero, Honeywell will just be a licensed name within 5 years. We knew the plan 7 years ago.

by
| | Reply
Post ID: @17c+1k5jqyzcd

Hire more veterans and the problem will be fixed. They know how to work hard and not complain.

by
| | Reply
Post ID: @171+1k5jqyzcd

@xe you are overthinking it, you cannot create hostility towards a a single ethnicity because they are the majority at Honeywell, and across US - check H1B allocation per country.

by
| | Reply
Post ID: @14k+1k5jqyzcd

here is a simple solution, we add quotas in HPD for each leader/manager to have 80% of his team local, US employees, if this quota is not achieved, then they get dinged in their plan. We will see how many H1B or L1A we will have.

by
| | Reply
Post ID: @13s+1k5jqyzcd

How can we be more productive if we have not made anything genuinely new in near a decade in every business unit within IA. Absolute nonsense. The revenue has come from cost down and dismantling the businesses.

by
| | Reply
Post ID: @113+1k5jqyzcd

@p8 You have to account for inflation and average salary per employee.....the picture you will get after that is shocking. We had it good in the nineties and early 2000s and so did the business. The rest is a long bleed out asset strip.

by
| | Reply
Post ID: @10r+1k5jqyzcd

Flat pay is an equitable idea.
The emerging market low cost labor play is just another iteration of slavery. Costs are low because the region as a whole is under capitalized and has huge wealth gaps. Doesn’t matter where in the world this is .. same story over and over
If it drives entire businesses to those regions it won’t matter because they will lose the ability to arbitrage the labor by selling back to the high cost regions. Ki-l the arbitrage and you can end the cycle.
Wealthy countries will lose and poor countries will gain. Seems like the goal

by
| | Reply
Post ID: @107+1k5jqyzcd

Visas are not unethical, they are VALUABLE.
The value of training, experience, schooling SHOULD be monetized to recover the supporting public infrastructure costs that made that possible.

How about another law that says employees doing equivalent work must be paid the same wage without regard for cost of living or regional adjustments. If someone in Malay will work for a particular wage it is illegal to pay more for that work in Europe or India or the USA. Can’t hire people now? Too bad pay more.. to everyone. California people too expensive? Leave California.

You want a flat world? Embrace Flat pay.

If one business does this.. all businesses will need to follow. Flood the low cost regions with money and let’s really flatten the world.

by
| | Reply
Post ID: @zn+1k5jqyzcd

@xt Yes, we are all red hat wearing zombies!

by
| | Reply
Post ID: @zg+1k5jqyzcd

@xe What ethnicity are you alluding to?
I thought we have a diversity team, but check where most of leadership are from? Would this mean we are diverse?

"As much as I agree with the intent, the implicit dislike to a single ethnicity and calling all visas unethical or unfair can create a hostile environment for our colleagues. Wherever possible, facts would be helpful more than anecdotes."

by
| | Reply
Post ID: @zf+1k5jqyzcd

@xt Yes we are! I dont mind 4 dollar gas prices, higher inflation and endless tariff ups and downs. We are so much better off.

by
| | Reply
Post ID: @y2+1k5jqyzcd

Why would there be any impact to Honeywell? This is the Golden age! Are we great yet?

by
| | Reply
Post ID: @xt+1k5jqyzcd

I hold in my fl-tulence all day so I can let a big one rip during meetings, just to see how people react.

by
| | Reply
Post ID: @xm+1k5jqyzcd

@xe well said!

by
| | Reply
Post ID: @xf+1k5jqyzcd

As much as I agree with the intent, the implicit dislike to a single ethnicity and calling all visas unethical or unfair can create a hostile environment for our colleagues. Wherever possible, facts would be helpful more than anecdotes.

by
| | Reply
Post ID: @xe+1k5jqyzcd

people in the Phoenix aaera, look at what TSMC has to offer. Excellent pay and benefits.

by
| | Reply
Post ID: @tj+1k5jqyzcd

I wear my RED hat to work everyday to gauge the reactions from people and leadership. Its shocking what people will say.

by
| | Reply
Post ID: @ss+1k5jqyzcd

L1 visas need to be next.

by
| | Reply
Post ID: @sk+1k5jqyzcd

@my

I sure hope you are right on RDE. The amount of money wasted on terrible, fad-chasing startups is shocking.

by
| | Reply
Post ID: @sa+1k5jqyzcd

I'm not a fan of unions, but probably what Honeywell needs to get back on track and into a growth again. Phase out foreign workers and build high performing, same time zone American workers that can get stuff done and delivered with high quality and on schedule so we can be competitive again. Very clear we've been going the wrong direction for too long.

by
| | Reply
Post ID: @pg+1k5jqyzcd

@mq BTW, I am not.

by
| | Reply
Post ID: @pe+1k5jqyzcd

@p8 so productivity has been totally flat for 10 years. that sounds about right.

by
| | Reply
Post ID: @p9+1k5jqyzcd

@p3 Challenge accepted:

Between 2020 and 2023 Honeywell reports losing 30,000 employees in total.

  • About 20,000 of those were involved in the 2017 spinoffs.
  • this is mitigated by a large number of acquisitions (50ish?)

Total US employment dropped by 60% from 86K to 33K. ( -53,000 jobs)
During the same period Non US employment increased 58% or so from 39K to 62K. (+23K jobs)

Data is pulled from the Honeywell annual reports, Edgar data, and the SEC website.
When data was not located the year was removed.

| Year | United States | Outside U.S. | Total Employees |
| ---- | ------------: | ------------: | --------------: |
| 2023 | 33,000 | 62,000 | 95,000 |
| 2021 | 34,000 | 65,000 | 99,000 |
| 2020 | 41,000 | 62,000 | 103,000 |
| 2019 | 44,000 | 69,000 | 113,000 |
| 2018 | 44,000 | 70,000 | 114,000 |
| 2017 | 46,000 | 85,000 | 131,000 |
| 2015 | 49,000 | 80,000 | 129,000 |
| 2013 | 51,000 | 80,000 | 131,000 |
| 2011 | 53,000 | 79,000 | 132,000 |
| 2010 | 53,000 | 77,000 | 130,000 |
| 2008 | 58,000 | 70,000 | 128,000 |
| 2007 | 57,000 | 65,000 | 122,000 |
| 2005 | 58,000 | 58,000 | 116,000 |
| 2002 | 63,000 | 45,000 | 108,000 |

| 2000 | 86,000 | 39,000 | 125,000 |

Over this time period you can also use gpt to investigate things like productivity per employee adjusted for inflation over time.
2023 -- $1.111M per US employee,
2013 -- $1.085M per US employee
2000 -- $746K per US employee
2023 constant dollars.
23 years gave a productivity gain of 48%.

by
| | Reply
Post ID: @p8+1k5jqyzcd

just so we unstand the magnitude .. look at 10k repots over last 20 years. better yet.. lets have gpt.honeywell.com do that and write a report

by
| | Reply
Post ID: @p3+1k5jqyzcd

Its interesting when CEO visits your site and can’t leave the executive conference room which has security guard, because its a government ITAR facility so he can’t walk the halls, tour the manufacturing floor, or test areas since he’s a ‘foreign national’.

Can’t wait for Aerospace to be standalone and all the R&D that we haven’t had for 5+ years due to M&A spent on companies that were run into the ground in 3 years or less.

by
| | Reply
Post ID: @my+1k5jqyzcd

I am a grassroots engineer, the most common kind at band 3. From my level to the CEO, including the CEO, everyone is Indian.

by
| | Reply
Post ID: @mq+1k5jqyzcd

HTS will struggle to hire now, many come to Honeywell with the sole purpose of the opportunity to come to the USA one way or the other and don't want to return to India. Employees have left Honeywell for other companies if it betters their chances, I have seen the attrition first hand.

by
| | Reply
Post ID: @ja+1k5jqyzcd

@cc except that the current administration wants to do away with education and replace it with religious fruitcake indoctrination

by
| | Reply
Post ID: @hv+1k5jqyzcd

American company led by Indians :D

by
| | Reply
Post ID: @hg+1k5jqyzcd

It blows my mind that in business today, a temporary immigrant can terminate an American citizen working at an American company, in America. Anyone else?

by
| | Reply
Post ID: @h8+1k5jqyzcd

The biggest impact I e seen is the lack of veteran leadership

by
| | Reply
Post ID: @h6+1k5jqyzcd

They will just shift more functions to India..

by
| | Reply
Post ID: @gw+1k5jqyzcd

I love our dear leader. He is so good and smart. His tan is real and nobody can golf like him. I hope he runs again in 2028.

by
| | Reply
Post ID: @g1+1k5jqyzcd

Honeywell will use your HPAC dollars to make a donation to Trump's campaign and will get a waiver to expand the H1B program. This is the Grifter-in-Chief's gameplan. Do you think either Honeywell or Trump cares about the common man? It always comes down to lining their own pockets at the expense of yours.

by
| | Reply
Post ID: @g0+1k5jqyzcd

@fs unfortunately our workforce is overrun with the uneducated.

by
| | Reply
Post ID: @ft+1k5jqyzcd

Reading the replies to this post makes it very clear why Trump said 'I love the poorly educated' and 'smart people don't like me'.

by
| | Reply
Post ID: @fs+1k5jqyzcd

Post a reply

: