And your severance will not start until you sign and return the severance packages. Honeywell has over 10 Billion cash reserves and yet feels the need to layoff 15%-20% of its workforce to maintain the profit margins. Monday was the start and up they are laying so many they may not be able to recover and meet the customer’s needs. You have to remember, Honeywell is not in this for the customer, not for the country, and definitely not for the employees. Many departments were decimated Monday. New leadership is intent on protecting themselves in the short term even if that comes at the cost of the company in the long term. Honeywell cannot see past 3-5 years, they have no longer term vision and since the decisions are made by those who live off their bonusses (Band 5 and up make more in bonuses than they do in salary, but we only committed to take a small hit in salary).
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Hah.. 3-5 years? Some groups do not even have clear path for next 3 months with marketing constantly switching priorities.