There will be targeted layoffs /right sizing starting in about 10 days.
Anyone has clues which areas or teams will be affected?
28 replies (most recent on top)
We produce everything. Next new product is code named Phoenix BS
If you can’t produce truly new innovative hardware (a core competency) why not invest into anything but?
Wait… if you can’t get even simple hardware or software done, why would you succeed at a more complicated endeavor? That’s weird logic but hey bonuses depends on faking it until you make it (well quit before you make it and exercise your options) !
Amazing company, I can hide into so many projects through so many CYA layers… 😍
Mushrooms anyone? I want to see the strategy in colors
The company is doing great. Stock buy backs and investing in Norwegian garbage. What could go wrong?
Fairly vanilla earnings call
All about labor cost management until economy picks up
Translation = watch your back.
3/1 odds pt out within 6 months
This company very obviously doesn't have a future saddled by debts as it is ...not to mention the outdated tech and zero level of competency at all levels. What is the point of predicting layoffs at this point...this is zero sum game, get out while you can or simply be prepared for a 'death by a thousand cuts' if you last that long
It's been 10 days. Where are the layoff you predicted?
who needs hardware (even with BLE, and vibrations or electrical shocks) the security system POS should shock the robbers not the owners!
We get it
Some of the software loons dont like fellows
Try growing a pair
h+1pd9uDS7,
I am a great and smart fellow so no issues
Maybe one day you can be a smart fellow too!
@7ylt+1pd9uDS7 Thank you for the complicated calculation. You are very smart.
Fire some fellow… that should save the company 500k per year.
3 means 1.5 mill.
@OP+1pd9uDS7,
It seems you might have information from an "official" source.
I recently heard that REZI would like to layoff to reduce cost and increase shareholder value, but does not know how to fund severance package.
So this could rather go to chapter 11 instead of yet another layoff round to please investor.
No layoff. The people that will be gone will retire after collecting fat paychecks.
They have insane pensions and on top milk resideo. Melville is the place where robbing the company is a badge of honor!
Will security be hit? Firmware? What about software? R&D? As much as specific as possible please!
Sometimes when plans are exposed they get stopped.
Time to let the old ones go anyone over 50
RIF, Reorg, Rinse and Repeat at least quarterly, results do not lie!
Melville is like the place where all the manual scavengers get a job for life… eek
shutting down Melville could be a very creative idea for Resideo :rofl)
It’s time to shut down Melville, a huge waste of money going towards minimal output. Move that budget overseas where salaries are half and production is double
Please do not worry, no directors and above will be impacted themselves by those rounds 23-24
I guess we will find out soon… but most are done in secret you show up and hours later you’re gone …people are scared so nobody talks. Another symptom of a sick corporation
How accurate is this source or just speculation?
As there is no New product released, (and this might not change), why not stopping it to save cost and compete in a price war market?
It is primarily ancillary roles such as customer satisfaction, finance, and some marketing roles but other areas will be heavily impacted as well and yes ny will be devastate. Packages for those impacted will also not be a good as those we have seen recently. Company is hemorrhaging money and can no longer hide it.
We should clean up melville…. Too many obsolete tech and knowledge there….
Let’s move all software to offshore. Better quality better cost control
Let’s take advantage of getting rid of some fellow that flaunt their wealth while producing nothing…