L3Harris told a lot of people they are being laid off yesterday. Likely that was being confused with a Viasat layoff. So glad I got sold to L3Harris……
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Part of the agreement with L3 was to pay out 4 weeks of severance for every year we were with Viasat should they relocate more than 50 miles from original location of employment, should we not follow on with L3 (i.e. SLC). The caveat was, if this move was to happen within one year from the sale. Now that the timelines are getting far pushed back, will they still honor that same severance agreement after the year. In short, the answer is no. It would be the standard L3 package, which I believe is only one week per year of service. Not a big issue for those that had little time vested with Viasat, but a huge letdown for those with 5,10,20 years vested. This has a lot of people jumping ship also.
I am not Viasat management I just happen to have gotten an advanced education. When will people stop assuming things about people just because of what they say. This is just disgusting.
Turns out it WAS (also) Viasat. 4% let go today.
“ ViaSat 3 launch will allow us to collect and recognize deferred revenue …..” Spoken like true ViaSat management.
I heard there was some L3 layoffs and they got around half a year severance.
ViaSat 3 launch will allow us to collect and recognize deferred revenue. Finalize deals where closing is contingent on its launch. Funny you keep saying, "they" though and not "we". Pretty clear signal that you don't work for viasat, which means you really don't know what you're talking about.
Actually the problem is that there are too many managers in engineering. On the L3 Harris comment: An email went out to Arizona employees which informed us that 200 of the acquired employees were being forced to be locate to utah. It is Not a layoff but I can imagine many of these employees cannot relocate. While I don't blame Viasat, I certainly hope in the future we do better due diligence and even insist on contingencies to protect our employees from this kind of action so soon after a deal closes. No way L3 Harris hadn't already planned this move way in advance. Horribly unethical
I heard that L3 told the people they had to move to Utah if they wanted to keep their jobs. Either way, the viasat layoffs are a coming next week.
I don't think the two are related.
Viasat is bloated with engineers that managers do not think can do the work. So, they were hiring from outside for the past few years. They have placed all their eggs into a single basket and are now praying for their basket to yield some new sales channels.
They sold the division that kept them floating for many years... so they must think there is something going to happen when they launch the next satellite. But, what?