Company wide Finance All-Hands Jan 27. More Finance layoffs coming?
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ISC all employee mtg. today were told going to have to train the TATA indian people taking our jobs. Some of the worst leadership i've seen in my career. At the end of mtg. VP let a slip of the tongue that alluded to this being rolling layoffs. Not sure many picked up on that.
Boeing is off loading al Facilities work through a Prime Contractor AraMARK who will take over all facilities functions in the Puget sound . This means lay offs for all IAM maintenance personnel who work the building side of maintenance , Aramark will bring contactors who have already working these sites and have the unique knowledge to manage the Facilities work unique to that site in the Pudget Sound
meant ISC = Indirect Supply Chain
COE Center of Excellence and yes, much of finance rolls up to it.
What is COE?
Will supply chain, procurement finance, be hit?
What org. Is ICS? Not familiar with this ICS group? What does the ICS abbreviation mean?
If you are unfortunate enough to roll up under the COE you are at most risk.
It's the bean counters' time in the barrel now as the chickens have finally come home to roost. If they thought after recommending to the execs for 15+ years that outsourcing IT, Engineering and Manufacturing was the way to go and that it was never going to one day come back on them I'd like to have some of what they have been smoking !!! It sure $ucks don't it lmao !!!!
My source has been and is still saying the breakup announcement will be during 2023 1st quarter report in April. Same source has been saying they have been selling planes way under the cost of what they can build them which has now been validated...so seems very credible.
Boeing only added to the engineering headcount because they lost 2000 heads in Moscow and Ukraine.
Once they get another design center up and fully staffed, they will again layoff engineering.
The outsourcing or finance it’s just the tip of the iceberg. Outsourcing the majority of the white-collar work has always been Boeing‘s mantra.
People want to talk about the older workforce having a bad attitude. This is exactly why.
Enterprise wide. All of the Finance functions. Plus, HR leadership is now interested. Sounds like they are next. Targeting what they consider non-value-added employees. They made that very clear.
Is there a specific section of Finance?
Lots of different branches there.
They are spinning same song over in ICS...All Team Mtg. this morning. Reduction in force, outsourcing going to TCS, no VLO. All under the guise of "transformation". Was told it's impacting HR, Finance, ICS. People to find out in March if they have a job still.
Moving the work to TCS. Tata Consulting Services. Best part was they kept referencing the thousands of Mfg. and Eng. heads they've added recently which means nothing to the Finance folks. They said it like it would make them feel better about potentially losing their jobs due to outsourcing a.k.a. "Finance Transformation".
They provided the information during the meeting. 500 Finance heads for 1Q and 1K Finance heads for 2Q. No VLO planned. All ILO.
Where are you hearing this? I swear these people just throw out numbers.
1,500 finance employees gone in 2023. 500 1Q and the balance 2Q. 6K Finance employees = 25% reduction.