I got hit by Textron layoffs twice. This last one was from one of their industrial companies. It was announced that one of their plants were going to have as many as 30% of their working people let go. No management, just the people who actually do the work. I personally saw several emails with names of 20 or more people on them saying that they are no longer with the company. Very poor management all around!
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I survived the layoff in Sept 2016. I was shocked to see this page on Facebook. It is it a sign of worse things to come? Management is not affected at all. I am. 32 hour work weeks. I already live paycheck to paycheck.