I'm assuming we're at the point where everybody has accepted that layoffs are coming. What I'd like to know is whether anybody can make an educated guess at when it might happen? Somebody who has (unlike me) been here for a while and knows how these post-earnings shenanigans work.
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Keep cutting. We got overtime freaks and people will want to get promoted or move through the company.
If the job needs five people, honeywell has proved that you can do it with two. No degree required or common sense.
A few guys from ISC really hate me because I showed them up for not doing any work so really not surprised. It still blows my mind who Honeywell kept and who got RIF'd and that was the same situation across every team.
It's like all the directors freaked out about their own jobs so got rid of anyone even mildly competent then realized there was no one left to do actual work.
So yeh......it is insanely top heavy now. There really is no one in charge of SPS right now.
1 group in isc, it has roughly 20 directors and VP w/o direct reports, should that be allowed or even making sense?
Spot on, Q1 2024 will be when Honeywell really changes as a business but the break up will begin Q2 2023 onwards. Pay close attention over the coming months, it will get even weirder than it has the past year. This is of course just my humble opinion cough.
I suspect the cuts will come in Q1 2024 when we see a reckoning for being unwilling to staff projects at market rates using available ( no government diversity credit ) local labor. Projects will cancelled and presidents will "pursue outside opporutinies" .
Typically quarter end, March, June, Sep and Dec to improve the next qtr profit outlook. Till 21 wall street was rewarding HON stock for this approach, so our DEA is now convinced this is the only way forward
Q2 is normally a bad financial quarter, so expect push elimination/reduction of your pay increase, possible salary reduction, and/or layoffs before June 1st, so that DA can wow Wall Street.
Should cut the corporate bigwigs like that ISC team that does jack all, the IT team that till now still haven't found their relevance besides rolling down d-mb arsed policies that couldn't even solve or pre-empt that breach some years back, the HR team that doubles everything that SBG HR are doing. All these teams do nothing but just reports what all knows by a quarter later. Instead of fattening up all these apparent e-bands, cut those and keep those that do churn out some value every week.
The more I see it, Honeywell keeps bringing in big dogs to sap big dollars but deliver small or absolutely no value.
HCE has already cut some, and the new management being brought in will likely make a bigger mess of things so expect that to do some more damage as well. At the same time they pushed out a mandate to be “a magnet for software talent” - what a joke
HBT Fire & Commercial Security will announce soon layoffs. App 30% of the customer base switched to competitor offerings last year due to insane price increases (20% higher than competitors). Revenue targets met. However, unit sales is a complete disaster.
We have already cut the boeing teams. All that is left are bangalore.. so any additional boeing layoffs would probably be there.
In aerospace US mechanical sites are highest risk.
Defense is keeping aerospace in business.
Made your revcog number yet?
Yikes! Boeing announced layoff, so HW will be soon, I guess. Insider info out there?
Well I am in a division that has already has massive layoff's in SPS. They'll usually spread out the layoffs into smaller chunks so they don't trigger various state specific warning notices. We've had 5-6 rounds and lots of stragglers disappearing in between the larger round of layoffs.