To all the id–ts that continue to post nonsense! Simply review current earnings release call today by Big D and company. $1.3 B has already been recognized in “Cost Savings” in Q1 and Q2. Reductions will be in the $M range going forward. You id–ts look to a board to get information when it has always been available in the forecast and 10-k statements released on Wallstreet, including the analyst calls by investments firms. Gain some sense and some insight on a Global Company. “Tired Director” has the most info but you have weed out the fake posts.
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To the bhawhaha commentor...my father worked 40 years on the shop floor all to be laid-off indefinitely when I was in college. I had to figure out how to pay for college and my MBA. So yes my MBA paid off well given your choice of speech and language. I come from simple beggings and do not expect you to understand. I’m trying to serve but those who choose not to see won’t.
While you complain about exec salary n MBA, I can tell you more about you n your company than you can...what does that tell you...including the fact that you work for the company?
Quiet when it comes to facts...I’m willing to disregard this individual and open it up to real discussion of how this impacts “Families and those looking to plan for a future”
Office Hours in session for those that are interested. 1 Hr.
Stock down, when it should be up based on RIF last week (yes, globally sites were laid-off, based on site comments) this usually translates in to cost savings....normally translates into greater earnings...think about this...what are the results if all sites do not meet earnings?...What is the impact?...What do you think will be done?? Have they not demonstrated? Have you not seen?
You work for a company that is a slave to analyst and Wallstreet, so yes what I say is relevant. Yet, the comments above demonstrate how you will not hear. Don’t take my word for it do the math then you will see the outlook.
8-k provides the lay-off outlook in a given year. To the poster who stated no information??? That is more information you will get during an all-hands meeting and a smiling face saying “The future is what you make it.”
Ask questions based on the slide deck from the analyst calls? That is the true direction of where the company is headed. Ask about pipeline/backlog being worked down???? Yet there were furloughs enacted within 1 day, based on site comments.
The company is running to save cash, against all odds. That is desperate...and seen on Wallstreet as a red flag.
If I am musinformed, post your comments. But Truth cannot be denied.
I wonder if the victims in the Enron scandal believed all the quarterly reports they were told...
Bwhahah!!!
“Awww, is some poor exec with an MBA from the Cap’n Crunch school of mediocrity flustered that the typical buzz words and failed strategies aren’t working?”
MBA’s, the scourge of hard working, future focused, backbone of America employees since the 80’s yuppy daze
The earnings release, 8-K, 10-k do not state who is laid off, what sites, when how many, who is getting furloughed. Neither does any skip level meeting, all hands, town hall. On this site I read posts talking about layoffs and furloughs across the company; I get a sense of the numbers, and a laugh at some ridiculous posts every now and then. I don't think you need to see an 8-k or 10-k to have a sense for how the economy is doing, how airline industry is doing, and to think there may be some census actions. There was very little information shared by the company as to who and how many were getting RIF. By reading here I get a sense how random this was, how unplanned it was and how so many really good, single point failure people were let go. I don't see anything wrong with someone venting about how a lay off was conducted. The amount of work or free overtime or accomplishments or what a persons job was did not seem to be a factor. I find that a little surprising. In my opinion it makes me think Hon doesn't want to be in the businesses they are in now anymore.
I’m trying to inform, so here it is:
- Earnings release earlier this year mentioned $1.1B-$1.3B in cost savings - you would have know ahead of time a huge reduction in force was coming. To the commentor on identifying exactly who would be reduced is not available. I’m providing insight on how to plan. 10-k and the 8-k will provide high level detail of which you should have known back in January, It’s July...........
- Review earnings release from January and every Qtr since then - the RIF = “Cost Control/Risk” was identified. HON was aware, but did not tell you in the whoraa All-Hands.
- All Hands are normally held on these days, but the direct question won’t be answered. Instead someone will ask about positive outlook or “playbook”. Was it in MM’s playbook to reverse course after 2 days of announcing a prolonged furlough?
- Goal of all hands is to distract from the TRUTH - THE FACTS - Accept the “Skip level” meetings if you want to be ridiculed.
- HON was aware raises were going to be canceled in 2020 in January - yet you were told raises pushed out to March with no explanation....Then told raises were canceled shortly thereafter...
- Earnings release provide more insight than any ridiculous all hands. I’ve provided enough information for you to do the research, verify what I say by going back.
- If the point of this board is to complain but have no actionable results, I can stop commenting. Let me know.
OP, you should ask the people that were laid off about how much they appreciate the “amazing” results. HW wants to be a software company but is not gonna get to a point like a MSFT, doesn’t even look close. Many intelligent senior engineers are gone forever on severance. No raise, basically a reduction in pay. In addition there are furloughs. That’s what people are most upset by. People are jumping ship to less troubled industries.
Awww, is some poor exec with an MBA from the Cap’n Crunch school of mediocrity flustered that the typical buzz words and failed strategies aren’t working? Sorry but you are going to have to make an attempt at earning your overpaid salary by coming up with actual solutions, save your insults for when you look in the mirror and realize you are stealing our oxygen
Reports to WS analyst are smoke and mirrors, fog an pony. Always try to hide the bad. Analysts are numbers and stories guys. They don't care or know what is going on in the company. Stocks and companies are two different things. Analysts sell stock, they want stories to spin. WD will pump for as long as story keeps going then dump and run. You will not hear how many are being laid off in a quarter report. I read hear to find out layoff numbers, reports, closings. Sure lots of dumb and some funny posts. How is this different than any other news outlet these days. Free speech, say what u want, weed out what u think needs to be. U decide.
@Op – aside from the insults the tip about looking at guidance is on target. Not sure why you are getting flamed.
OP - HON, along with most WS traded firms, hasn't been providing future (financial) guidance for several months. It's appalling how little the analysts understand the various businesses, based on the questions they ask. Of course, they only know what they're spoon fed, kind of like what DA and team do to the employees. Nice try.
Anyone hear HON is cutting sites from 58 to 31 by December?
Let me guess, you probably thought everything was great between 2006-08 as well? If you think the stock market or price is an accurate depiction of what is really going on, you are completely jaded. So when all these foolish companies put all their tax break $ into pumping their stocks up that wasn’t fake? Reminds me of the housing crisis after all the predatory lending, but the stock market was great along with the housing! This all bs and you don’t need a marketing degree to figure it out. Just get used to hearing the bs about uncertainty for the next couple of years as they take full advantage of people’s misery. I have worked for the company long enough and have watched it. I also watched after layoffs a certain greedy piece of chit purchase an island just before retiring...
And don’t bring up the “If it’s so bad why not leave pile” we all know this has been going on at all the other companies as well.
I was always amazed how many employees didn't listen to the replay of the earnings calls, or the town hall.
External environment with the MAX and now Covid-19, Aero is just in a no-win. I left before any of this hit, and really by luck cashed out my 401k to put elsewhere and was last yr hired that had a pension. It has been a volatile workplace for quite a while. Be safe and good luck.
Next idea - DOES HON ASK YOU TO JOIN THE EARNINGS RELEASE MEETINGS???
Honeywell=GE=Enron=Cooked Books= Lights Out
You have the tools, you have the resources, yet you have chosen not to see. You are employees of Honeywell, yet don’t listen to the earnings calls? Your are a shareholder, you are the most “valued” asset at the company. Watch the Global Town Hall meeting then review the Wallstreet analyst call available at Honeywell.com under investor information. Permanent Cost reduction = reduction in force, cost mitigation = possible rif, cost controls = reduction in budget, based on firm, etc. etc. etc. this is simple for an engineering community. Review current “Cost Measures” and what has been accounted for. This will give you a forward looking idea of what is coming. More to come but that is what is out there, listen, read, and make an informed decision. You are engineers.
Then based on what you have stated what specifically is your question? Understand that I will not blanket statement information as these posts do. If you want to be informed, I can do that, but you must do your work.
No pseudonym, just FACTS. Those that understand will, yet those that don’t won’t.
OP, appreciate your effort to edumacate us, but kindly understand that most of us don't have finance degrees and this is unfamiliar territory. While we have other talents, not all of us have the tools it takes to get from these reports to the conclusions you so easily draw.
It would indeed be helpful for someone to fill in some of the blanks and 'splain us how to interpret some of those indicators...someone with patience and a knack for teaching.
We need more people to explain how this works. Thankyou OP.
314 views and countIng, last responder, within 1 hr. The truth/FACTS can’t be denied. Even the uniformed will come to know. Verify what I say, I challenge you, but yet I am not aggressive. More so I welcome your uninformed point of view. You cannot help it and I understand. Your point of view has been skewed, but it’s not your fault.
Hey OP - here's a fruitful response.
You are way to wound up about people commiserating on a silly message board. Lose the hate.
No one will listen with such bitterness.
Difference between shortsighted qtrly earnings to satisfy Wallstreet and long-term health of the company requires a different skill set. The former is... let's do a blanket knee-jerk layoff to reduce "costs" to meet qtrly bottom line numbers vs latter requires creative thinking and leadership. The "id–ts" you talk about see what's really going on.
I’m looking forward to the poster letting us know what’s coming up next. Let us know what pseudonym you will use so that we know the posting isn’t nonsense.
Before I get bored with the nonsensical posts....I give you this....review company all hands and match-up to what Wallstreet believes you will achieve. Then determine based on earnings real ease what will happen in the next 3 months. That is more real than 98% of all the posts on this board. Before I explain more, I’ll wait until I receive a “fruitful” response. Do your research, before commenting. Have knowledge, it’s only then your are informed. At that time I will relieve substantive information at your working level. Until then good bye.
Tough guy calling people id–ts. Be different if we were face to face.
Figured, no responses to FACTS.
Stock price is down on a day which it should be up based on all the “positive” outlook or business ventures. Lesson: what do you think that means???? Review the 5day 1month 1year stock price???? Wallstreet analyst are not reviewing this as a buy. Day range is volitale. Outlook is suspect. So when you think for a second you are working for a family business YOU ARE NOT. This is a publicly traded company who answers to people on Wallstreet and analyst. Trying to stimulate conversation but it shows just how uninformed employees are. In my satire I’m trying to help you. The best thing you can do is be informed. Go to Honeywell.com website and review investor information. Get Informed! Have knowledge! You are more powerful that way!
Jeez, take it easy.
- S. as a public company the information is available to anyone.