That's what I heard, not sure if this is true but wanted to let you know. I left in 2013 but this refers to 2016 layoffs
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Absolutely true. With the acquisition of Pentair a $ 100 M restructuring plan is already in the plans for FY17. So nothing will improve.
Engineers in our Manila office were let go and colleague in Austin is saying double digits to be laid off there by end of the month.
It is true. Exodus has started end of Aug 2016 in MEA world area. It's only the beginning.
If you work at this company and hear rumors of layoffs....believe it. Appears nobody is safe, except for those responsible. The oil decline excuse is worn out. When they walk you out they will assure you it was unfortunate business conditions....true 2 years ago. Todays layoffs are at the hands of Farr and the board. Business DECISIONS is why you are being let go. NOT business conditions. Don't accept EMR stock as severance.
Yes, this is certainly true. David Farr said this himself in an interview with WSJ. Corporate has already warned that it will downsize its operations. There is a $70M budget on restructuring. Will happen before end of FY16.
It's true. We find out "mid July"