Small layoffs have been ongoing, but we're due a major round sometime soon. Everything points to it. Unlike the other times, this time I'm with those who are hoping to get the 'bad' news. HON isn't the same company it once was and I'm done pretending that it is. There are plenty of others who'll know how to appreciate me and my contributions. The severance is the only thing still keeping me here.
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"What roles in Charlotte? Which groups?"
The layoffs seem pretty distributed, tech (Engineering and design), HR/recruiting, finance. Personally saw 14 folks let go on the engineering and design teams in Charlotte. Ironically one area that seems to be pretty safe is management.
Lol playbook is starting up as described. Quick everybody work customer funded projects.. sales look bad.
What roles in Charlotte? Which groups?
We had a request opened to replace someone who left. Our workload has been increasing and now I hear that all reqs have been pulled. Evidently, we don't work enough overtime to require another person. Thinking that it will be time to start looking and then start somewhere else after the 401K eligibility passed.
I did the math and the incentives aren’t enough. I was given a retention incentive of 25 percent of salary, three payments at 0,12, and 24 months. A severance would max at 50percent of salary (26 weeks).
My new employer paid of my incentive and bumped my salary 50 percent above my last year income which included 100percent MIP.
The economy is different now. Perhaps.
Message is — you are ALWAYS more valuable to another company than you are to Honeywell. ALWAYS.
The only real reason to stay at Honeywell more than five years is laziness.
Ditto, I'm seeing people being laid off in Charlotte with no plans to backfill those roles. As we enter this recession expect more companies to tighten their belt.