People walked out the door today. Head count not released.
Not making production numbers, low yield of products.
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Worst company to work for 💯
layoffs in some cases, I heard people were only charging to overhead full time. However I know a lot of people with great performance reviews, just got caught up in it because their work ran out at the wrong time. Something also about wanting to replace engineers full time with contractors because easier to get and let go.
They gutted engineering by ~25%.
Saving money for earnings, focus money on production.
100 people last summer, 150 this layoff, who knows how many let on their own.
Should be 2-4 quarters of earnings growth,
bonuses for the executives.
I worked at Mercury 1989-1993. It appears nothing has changed.
Luckily Ballhaus has brought in a team of new execs who I'm sure will fix the company!
What a joke, how many people left are not fed up with management and the constant layoffs. Like always remaining workers will be expected to work 2x as hard.
Here's a tip to anyone left: do the bare minimum. It's clear you will not be appreciated for going beyond and it's likely one of the many layoffs in the next few years will get you. No point in giving yourself a headache just so our CEO can act like he achieved anything.
WARN only applies for plant closure or mass layoffs. The current leadership is always careful to keep the numbers under the min. Additionally, when keeping the numbers under, they do not need to announce to the public. Smaller but frequent from the summer of 2023 on.
any in cypress or just torrance and phoenix
Anyone know why there isn’t a WARN notice for these layoffs?
30 in Phoenix, mostly engineers.
Torrance has some of the most incompetent directors I’ve ever seen. High school science fair students can do better. These guys have literally claimed to use chat GPT to write proposals. Short MRCY so I can see the downfall of these overpaid id--ts
The head count is 162 based on a list that was provided to site security teams.
As an employee watching this is all happen I’m scared for what’s coming
Earnings coming out 2/4/2025, most likely they are going to be very bad to have a pre-layoff this size prior to earnings.
I suspect they cooked the books some the last 2 quarters to hide some numbers from Wall Street. Production has issues, not delivering as they should, a lot of scrap items that have to be written off. I'm guessing they held off on those write downs the last two quarters to make the earnings look better.
this is the latest layoff
for the past 4-5 years, there have been multiple layoffs every single year
ALWAYS engineers getting laid off
never heard of a tech company that laid off engineers like this
confirming. our projects/team suddenly lost a large number of engineers (systems, software, and RF, ranging from entry-level to senior) across multiple sites (Torrance, Cypress, Georgia, Hudson). all critical engineers on our programs/team. everyone is angry and moral is terrible. not a peep from upper management as usual.
word is that Torrance alone has lost ~40 so far.
Total headcount affected by the RIF : 140
Head count released ?
How many ?
This is not true