More layoffs through the week (probably to end of year here and there) with EMEA taking more hits tomorrow.
I'm told they are still looking for 75M in order to save this t–d.....highly unlikely that's going to happen.
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So glad I left when i did. Honeywell leadership ran the resi biz into the ground. Current leadership has no clue either. I guess reorganizing the deck chairs (open office) didn’t work!? I’m shocked. Lol.
id--ts.
Yep. HW didn't spin it off because it was the star performer in the portfolio. I suspect they deeply regretted buying ADI in the first place, and the Products division has fallen well behind the Chinese competition.
Falling behind? We have been behind for YEARS. There is a reason Honeywell dumped this t–d. For the most part, its still run by the people that screwed it up in the first place.
Hopefully they are trimming some fat at the top. There are too many highly compensated executives that don't deliver any value. We don't need highly paid spokespeople at this point. Products are late and we are falling behind. Don't pay people to talk about technology, pay people to deliver technology!!