Private equity guy.
New CEO
Nothing changes quickly. Or does it? History with private equity.
The May RIFs have started
Colleague got the call at home and last day is this friday. brace yourself to survive this week and next.
Tone deaf leadership
While employee friendly companies have recognized that work from home can be an operational and cost effective model, Resideo leadership appears not to care about its employees health/stress level but focused only on butts in seat and thinks things... — read more
When is Mougins closing
Any ideas when Mougins will be closed and capabilities transférés to the other sites in other regions? The decision was made by the French dude in Melville a month ago so when will it be done?
Today’s Earnings Announcement
“Announced approximately 35% of our organization reduction initiatives;” 65% more to go?
Interesting reading
Check out Resideo’s proxy statement. Scroll down to the compensation section to see how much we still have to pay all of our exes, what a joke! https://sec.report/Document/0001193125-20-119098/
Hello?
No posts for 8 days. Is everyone working so much there’s no time to post?
Mexican government shuts down all non essential factories in country to protect workers from covid
Resideo factories in mexico closed down For those screaming fake news, google it!
Quiet layoffs today. Last day this Friday
A lot of people were quietly cut and last day is this Friday.
Anxious!
So hard to deal with the anxiety and unknowns. I would almost welcome being laid off—at least I would know and be done worrying!
401k match ELIMINATED and Signature Awards gone
How much money is company saving by eliminating employees awards? Employee morale takes another dive
Furlough + salary decrease post DELETED
HR working hard to get things deleted from here
More delays because of covid ;)
Well... again... now we are blaming lack of devices to sell on the ventilators needed for COVID that are being build with literally over 400 parts and suddenly those parts compete with our devices... so no release....or delayed significantly... We... — read more
Comfort thermostats can stop Covid-19
New claims by some “reputable” people from rezi to vendors: thermostats especially the coming storm can prevent the spread of the virus through the air through advanced algorithms related to geofencing.... SHady is that you? We produce so much BS we... — read more
WHat is rezi doing abt coronavirus?
Layoffs? Furloughs? Salary decreases?anyone have info
Coronavirus and Open-Office
One plus with this pandemic; it will end the open-office plague. Yay!! Except for stupid companies, such as.....
Work at home $$
Think about it. All the hundreds and hundreds who aren't sitting in a building right now. BCG could push this one for savings. Rent, heat, ac, water, coffee and snacks, furniture. Even chairs cost a couple hundred each. Austin execs still cling to... — read more
Better ask Trump for Money
Company is doomed. Honeywell just announced furloughs, so when does this morally bankrupt company start as well? Leadership flat out lied to all of us about the future of this company.
Promos in process
Due to the all the new products almost on their way to be delivered, key directors with exceptional abilities have been identified for promotion to SR director and VP: This will occur within 45 days Amazing....
What happened to SQN??
We used to get emails everyday and then it dropped off face of earth. I bet they ran off with some millions $$$ too
Buh bye Slack?
In an effort to save costs the company is looking at all tools. Since slack costs us 245k per year it is seriously being looked at since we already have teams. Plus slack was only designed for small teams and it is nothing but unmanageable noise at... — read more
How many Resideo have Corona?
I can’t believe nobody has corona yet.. Any idea if number and location?
USA Senator sells her Resideo stocks after briefing
Copy and paste into browser or google “Kelly Loeffler” and “Resideo”. https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing?ref=scroll
New board member...
Like all the CEO, specializes in turn around and selling parts of corps.... yeah.. they are stilll bringing the same type of people. They are all turnaround gurus and all aim at s—ing rezi dry with their friends We are so blessed!
Hows that installer model working with no one going in anyone's house?
Great call "leadership"...going with that 1975 model of waiting for an id–t to show up at your house and going away from DIY was pure genius....nice work. You guys are visionaries.
Company in trouble when employees celebrating its downfall
Sad times when the employees have been so beaten down that they are actually celebrating the company’s downfall and stock decline. Can’t blame employees for fighting back the toxic culture
Any truth to this?
The decision was to lay-off the entire site of Strasbourg due to their lack of skills Will be done by waves to be done by June Can anybody confirm this?
So who will the first on the bridge to blame all of Resideo's shortcomings on Corona?
The iceberg was struck on day one of the spin, but who will be the 1st to blame Corona for the inevitable plummet into the icy depths of bankruptcy?
Fade away NdM
No longer on the org chart. So much for transparency and full disclosure by the top brass.
Rezi finally at $5
Today we hit the $5 mark. We now can spend our way into those white elephant projects of moobs, midget Michael Jordan, fleshligth.... welcome Titan, Torch, Azure to AWS , the projects that stop all other projects! Expecting complains from those... — read more
Working from home > discrete lay-off
Plans have been done by global HR to use the opportunity that people are at home to lay-off more. Wrong haircut sometimes in 2018.. you’re fired! Told a director how to do something better ? You’re fired! Went in all four spouting id–tic non sense... — read more
If I were CEO
I'd question why we should keep every band 4 employee, and ask for a 30% cut in band 4s immediately. our foot print is pretty global and the majority of our employee base is in manufacturing. I'd make a deal with a hardware manufacturing group... — read more
The only good thing about watching the market crash
Is watching resideo stock die. It’s entertaining If it survives this the nail in the coffin will be when they lose the lawsuits
Why does rezi fear so much this web site?
I have been in many meeting where we discuss how to respond to the leakage of information -which prevent the surprise effect and augments the heat on many directors and Sr directors... who like to have other showcase their incompetence?... — read more
This web site is about as useful as reading the National Enquirer.
Great comedy, great fake news, the BLR posts are obvious, and a total of about 5 people post on this site continuously because they have nothing better to do. We need a new site that contains real-time, truthful info. Are there any alternatives to... — read more
tomorrow is decision day
but may not be announcement day yet
The best is yet to come.
The company will rebound