Every department here at Gulfstream got the vague “a lay-off comes mid October” memo...
So far, we do not know more, primarily how many people will be affected by the layoff...
Just people essential to the customers (so building planes, selling them and support). Direct and indirect.
Electric Boat contributes more profit than GAC year over year son
Something that most people don't understand is that Gulfstream, like every other for profit company, in not in business to provide jobs. They are in business t make money. The aerospace business is cyclic. Always will be.
This lay-off will consist of more than just the loss of jobs. Expect to see efforts in consolidation and reduction in operating cost. One example that has been floating around is not renewing the contract for the cafeterias and eliminating lunch breaks.
Friends, please listen. The company is NOT for sale. Just look at the financials. We contribute more to GDs bottom line than any other division. GD has quarterly earnings report conference calls that everyone (and GAC employees in particular) should listen to. Most of the investors' questions center on GAC. Why? Because we're very valuable to GD's share price.
Next, look at the business climate. Trade wars and world politics means fewer sales. Our cash cow aircraft are being heavily discounted in order to achieve flat sales.
Hey, how 'bout them Nordam thrust reversers. That'sh–ting us, as well.
The bottom line is that we're experiencing lower revenues on flat sales coupled with higher costs. We are the best of the best and layoffs will come, but it would be far worse if we were Bombardier or Dassault.
Having said that, our leadership team is old, stale, toxic and the primary reason for our situation. They're paid A LOT of money and they have not been delivering for 5 years.
Wall Street has been watching us. Hopefully, they'll force a much needed change.
Management is at the leading edge of banality.
All comments above mean MEDIOCRACY.
Layoffs that prepare a company for the new owner are huge. 20% to 40% job cuts.
Nothing like an arcane literary debate with your tyrannical master while you pass the time leading to your execution.
Announcing this and having employees wait a month to see if their number is up is horrible. Who wants to work overtime on salary pay to do all this work before getting let go? The energy around the office is so negative and moral so low. Bernie Sanders just attacked General Dynamics a few months ago due to their CEO's outrageous pay and now talk of laying off 10-20%!
I'd rather be told facts than have a month and a half guessing game. I'm sad for those who are losing their livelihood, but worried also for those who stay and get double the workload. Lose-lose all the way around in my eyes.
Any one looking for a CIO that doesn't understand IT.. Over spending. Gulfstream has one and she s—s..
Been here a decade and a half. Far from my first rodeo with these RIF’s but this one sounds a little different. They say they don’t have a number of people they plan to lay off and they aren’t getting into specifics about areas. I think this is one to watch your a– on if you’re in management because we are topheavy. I’m hoping some of this is giving a certain VP latitude to trim the top of the tree in my organization because all of the directors we’ve added in recent years aren’t delivering anything that the old organization delivered with 1 director and 3 sr managers.
Bottom line if you aren’t in management, make yourself useful/irreplaceable. If they have to let somebody go, it isn’t going to be the person who can cover for half of the department. It’s the one person that comes to work and “stays in my lane”.
GD to put Gulfstream on the market. Lack of new sales and RND cost over run. Lay off will not impact the LTM team due to the sale of GAC.. Inside GD people have stated bad management is the cause for this move by GD..
GD to put Gulfstream on the market. Lack of new sales and RND cost over run. Lay off will not impact the LTM team due to the sale of GAC.. Inside GD people have stated bad management is the cause for this move by GD..
Gulfstream may be on the market soon according to AAP.
The sad truth is that the statement above regarding stockholders not caring is truly the root cause. GAC and others like them bolster their bottom line, this GD’s stock price only to let it slide a few years later so the stockholders can exercise options etc (trust me I know very little about how that nonsense works). But I’ll tell you this, if the stockholders did care about us (9 year direct engineer here) then we would be unstoppable in any industry. Alas the days to true “blue chip” companies is long past. No one cares but those of us in the ranks. The funny thing is though, if one of these stockholders ever fell on hard times and needed so much as a place to sleep for a night, I would offer it? Why, because I am one of richest men in the world. I have a loving husband a roof over my head and my own personal faith (not in a religious context) that those who have created this debacle we call the United States will get exactly what they deserve. The good old boys may live in their gated communities with all the trappings of wealth. But if they aren’t happy then I still feel my riches far outweigh theirs.
I'll echo the statement about management sticking to unrealistic schedules. Why do PEs exist again?
Some of the Gulfstream people are being told the layoffs are due to the Tariffs that are currently in place by this Administration. I believe that Gulfstream has over extended itself with all the new facilities that have recently been built and still not operational. The stockholders are most likely pushing for Gulfstream to cut back. It looks bad to show physical growth in a booming economy and then lay people off and blame Trump!
We all know aviation is cyclical. OEM Sales even more so. It’s naive to expect GD to ignore market indicators and assume the shareholders will understand that John just bought a home or Karen is a single parent and both desperately need their jobs. The human factor is not part of the equation. No one is going to give you an answer you want to hear on the Ethics Hotline. The Employee Assistance Program won’t have a phone menu option to press for our outrage and disappointment. Put your big boy and girl panties on folks because this is going to be a hell of a ride.
I have been working at Gulfstream for the past 5 years and I believe that I have a decent understanding of a few of the issues that Gulfstream is facing. Front line and middle managers being more concerned about career progression than departmental health, lack of discipline when hiring, failure to hold under-performers accountable, allowing "fake" schedule to drive decision making, accusing anyone who isn't a "Yes Man" to be against the team...
There is also an alarming lack of adaptation to new/revised process because of the "We've always done it this way" mentality. The company has experienced extensive growth in the past 10 years but we continue to do business the same way we always have.
They also have one of the most toxic cultures I have experienced anywhere. Always an "Us vs Them" mentality between department/organizations/sites. Also, the joke of promising a work/life balance is hilarious when we are being asked to work 6/7 days a week (and that is going to go up for the individuals who aren't let go).
I am honestly surprised a layoff hasn't happened earlier.
Layoffs started a couple months ago. Most of the Program Office was let go.
Contracted engineers will be gone soon...well before October.
Left earlier this year after more than a decade when I saw the writing on the wall. When the more experienced employees were screwed with the pension shut down, I lost all trust in management. I would never go back to Gulfstream with the anyone currently in Sr. management still working there, no matter how desperate I got.
Been suggested ten percent of the workforce at the Savannah, GA facility will be let go. Sometime between Oct.-Nov.
The announcement of layoffs in October 2019 for Gulfstream is becoming a normal cycle of business. When times are good at Gulfstream it seems like the hiring and promoting frenzy begins. There are lots of project managers managing nothing and management managing nothing. This kind of hiring puts the employees that actually make Gulfstream one of the top company’s at risk of losing their jobs. This cycle of over hiring, promoting, and making up new job titles for the good old boys and girls will continue. Gulfstream will be in the same position in 3 to 5 years from now.
Maybe it will help their stock price climb out of the doldrums.