Was informed that VSP only produced a 10% reduction in force (250 out of 2500 eligible). Not enough.
Prepare for a significant layoff coming in September for both organic and contract personnel.
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8000 jobs are cut already across RTX commercial. Certain areas will be impacted but I doubt we’ll have an across the board cut
https://www.industryweek.com/talent/article/21137850/raytheon-cuts-8000-jobs
Looks like it’s already begun
Contract and indirect folk are on the chopping block. Older workers should be careful if they have larger salaries.