Once again, employees are bearing the brunt of past mistakes made by big corporations. Despite record-breaking profits, workers are facing layoffs in an increasingly hostile economy. It's time for corporate leaders to take their fair share of the burden by cutting their multimillion-dollar salaries. This relentless focus on Wall Street and shareholders, at the expense of the average American worker, is unacceptable. Until Cummins prioritizes the needs of its employees and reduces its greed, this destructive cycle will continue. They’re also too unprofessional to dismiss /lay off their employees face-to-face, and they’re doing it virtual. Spineless. HR is a joke!
27 replies (most recent on top)
SAME AT DEP DARLINGTON
While Cummins was a good company to work for, the facility where I was had the worst management I’ve ever experienced. Very narcissistic and uncaring from the top to some of the floor supervisors. A couple managers just didn’t care at all about their reports. Absolutely no communication and when things went wrong you were hung out to dry.
Absolutely spot-on observation! It's crucial we delve deeper into the ethical implications of how companies like Cummins handle their workforce during economic turbulence. This linked article sheds light on the broader context of mass layoffs in the US tech industry, particularly highlighting Cummins Inc.'s approach. By understanding the full scope of the issue, we can better advocate for fair labor practices and corporate responsibility. Let’s not let these actions go unchecked. Click on the link to learn more and see how you can help make a difference.
https://blog.techstaffer.com/en-us/benefits/mass-layoffs-in-us-tech-industry-cause-concern-for-cummins-inc-employees
Welcome to a focus on shareholder value environment where employees will be continually cut to make WS numbers. Irwin Miller would be rolling in his grave.
Has nothing to do with ranking/rating and merit. Businesses and functions were provide headcount reduction targets.
When laid off are you told you were performance rated at level 3? Or, laying you off just due to number needed?
Accelera is still bleeding money and hoping to break even. But as of now it’s still bleeding money.
Don’t forget by flattening the org, not only will responsibilities be added on but now you’ll be a comp class 3 doing comp class 4 responsibilities with comp class 2 pay.
Haven’t heard much since the Tuesday event in Columbus. Who’s next? When’s next?
Accelera has been in the red, trying to get to black. I don’t know if it’s true, but an Accelera Leader told me that it was deliberate to call Accelera “Accelera by Cummins” because if it ends up not working out, they can sell it of or spin into an independent. Accelerate is supposed to be the future of Cummins. I hope we make the right investments in technology and people to facilitate that. There are hard-working people working in that business.
Conference rooms were booked all day yesterday to facilitate virtual and in-person layoffs. I hope this does not become the new norm for Cummins, outside of PSBU’s continual ‘restructuring’, layoffs have been historically pretty low compared to other fortune 150 companies. Unfortunately, when there is a concerted effort for a focus on shareholder value, it always comes at the expense of the employee. Continue layoffs to make short term stock gains then becomes the norm, especially when you don’t meet the numbers.
It’s really sad that the regulatory fine means lost jobs. I’m going to guess that not one single senior executive will be laid off.
Are you sure about Accelera, I thought they where making cummins money and also that is the direction that the company is going.
Accelera to follow??
Did these layoffs happen in the states? If so, where?
When should we expect CBU and Corporate layoffs? Anybody hearing any rumors?
Employee reduction at the EBU as part of the big white mountain initiative. The higher ups, in their infinite wisdom, have decided to “streamline” the BU’s efficiency by reducing headcount and increasing the workload of those remaining. Very morale boosting, especially with the record profits registered in 2023. Did we mention this is happening because CMI underperformed their 5-year ROI by 1-3% vs DE & CAT despite beating them in market cap?
Can you comment if this is only EBU and how was the process?
Will this affect plants in the uk?
I got laid off unceremoniously yesterday after 10 years of service. I completely agree and echo these sentiments and analysis. I escaped 2 lay off cycles when the company actually did bad on profits, but couldn't when they had record profits. When you do exceptionally well for the company, they'll find stupid reasons to not reward you, but when they want to kick you out, they'll make up even more silly excuses in the name of saving their multi million paychecks and their wallstreet owners
It could be 7500 people worldwide
How many people will this affect?
Is there a police presence at COB to make sure people leave peacefully?
Why is there no published warn notices?
Were you people on L1 visa?
Heard EBU and Distribution, but you never know anymore. 😢😢😢
They already here. 100s got squid gamed today in EBU
When and where will the layoffs come