Reason for constant Layoffs?

I worked for Honeywell Aero for 12 years and took a RIF offer four years ago. Really am much happier at my new job and I make more money.

Anyways, I read an article recently that said many companies are graded on Wall Street by Sales per Employee as it a sign of how productive a company is. The more $ per employee is a signal that the company is well run.

If you look at Honeywell's 2020 Proxy Statement (page 47) they compare themselves to 16 other companies. On this list of 16, Honeywell is 10th at $324,858 in sales per employee. Maybe this is one reason for constant layoffs as the top people think the company has to many people. Just an idea. I don't really know. Sorry the table below did not format well.

Company Sales($M) # Employees Sales/Emp
___________________________________________________________________
Phillips 66 $107,239.0 14500 $7,395,793
Lockheed $58,812.0 110000 $534,655
Deere $39,233.0 73487 $533,862
Caterpillar $53,800.0 102300 $525,904
Boeing Co $76,559.0 161100 $475,227
GE $95,214.0 205000 $464,459
Raytheon $29,176.0 70000 $416,800
General Dynamics$39,350.0 102900 $382,410
3m Company $32,136.0 96163 $334,183
Ingersoll Rand $16,599.0 50000 $331,980
Honeywell $36,709.0 113000 $324,858
UTC $77,046.0 243200 $316,801
ITW $14,109.0 45000 $313,533
Schlumberger $32,917.0 105000 $313,495
Johnson Controls $23,968.0 104000 $230,462
Eaton Corp $21,390.0 101000 $211,782
Emerson Electric $18,372.0 88000 $208,773

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If you fall into one of the following:

Pre-existing medical issues
High blood pressure or diabetes history/medication
Key lab medical testing results out of range
Smoker
Substance abuse history
BMI (Body Mass Index) over 10%
Over 50 years of age

You are a greater potential Covid-19 excessive healthcare risk for any company that directly funds its own health care and medical benefits program. Healthcare is the single largest cost associated with an employee and by constantly thinning the heard of employees with high healthcare cost risk you better manage your overall healthcare cost per employee.

This is the reason behind the band 4 glass ceiling but not for layoffs.

Constant layoffs are a result of making the quarterly numbers not sales per employee. Back in 2005 my business had $1-millions sales per employee and the closed and shut down the business. It had nothing to do with sales per employee.

I find it interesting that garmin isnt on this list. Also meaningless given wide wage disparity.

Thread regarding Honeywell International Inc. layoffs

Reason for constant Layoffs?

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